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Share Name Share Symbol Market Type
Eni BIT:ENI Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.042 -0.41% 10.308 10.308 10.31 10.384 10.27 10.33 5,227,167 15:54:54

Eni Acquires Three Photovoltaic Projects in Spain

18/02/2021 10:28am

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By Joshua Stein

 

Eni SpA said Thursday that it has signed an agreement to acquire three photovoltaic projects in Spain with a total capacity of 140 megawatts, from renewable-energy developer X-Elio Energy SL.

The Italian oil-and-gas major said it will be responsible for constructing the plants and commercializing the electricity. The transfer of the projects, located in southern Spain, is subject to customary authorization starting from the second half of the current year.

Eni also said it is in talks for a larger strategic collaboration with X-Elio to grow its renewable projects in Spain by up to 1 gigawatt in the next five years.

The company didn't disclose financial details of the transaction.

 

Write to Joshua Stein at joshua.stein@wsj.com

 

(END) Dow Jones Newswires

February 18, 2021 05:13 ET (10:13 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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