Eni signs renewable energy collaboration agreement

Eni has signed a cooperation agreement with global wind and solar development company Mainstream Renewable Power to develop renewable power generation projects across Africa and Southeast Asia, with an initial focus on the UK.

Luca Cosentino, Executive Vice President of Energy Solutions, Eni , says: ‘Eni’s commitment towards renewable projects development is one of the main pillars of the company’s decarbonisation strategy, which also includes the reduction of direct GHG emissions in all its activities, a low-cost and low-carbon portfolio, and investments in R&D.’

Eni is developing renewable energy projects, both brownfield and greenfield, across the globe, with the objective of installing 1.6 GW of new solar, wind and storage capacity by 2022 and 5 GW by 2025.

Mainstream has developed, consented and brought to the ‘ready to build’ stage 35% of the UK’s 2020 offshore wind capacity; comprising the 3,000 MW Hornsea offshore wind farms (sold to Orsted in 2016 and currently the world’s largest offshore wind farm under construction), and the 450 MW Neart na Gaoithe (NNG) offshore wind farm in Scotland which it sold to EDF Renewables in 2018. Mainstream is also developing the 800 MW Phu Cuong Soc Trang offshore wind farm in Vietnam and has prequalified for the 1,000 MW offshore wind tender in Gujarat, India. The company wholly-owns 1.3 GW of fully contracted wind and solar assets in Chile, which are on track to reach commercial operation starting in 2021.

In Africa, Mainstream has delivered 600 MW of wind and solar assets into commercial operation in South Africa and currently has 250 MW of wind assets in construction there. Through its Lekela Power joint venture in Africa it has 410 MW of wind assets in construction in Senegal and Egypt.