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Share Name Share Symbol Market Type
Eni Spa BIT:ENI Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.274 -2.36% 11.328 11.366 11.37 11.56 11.224 11.50 13,465,225 16:35:16

Eni, Sonangol JV Moves Forward on Angola Photovoltaic Project

06/12/2021 12:02pm

Dow Jones News


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By Olivia Bugault

 

Eni SpA said Monday that plans to build the Caraculo photovoltaic plant in Angola are progressing, with a final investment decision reached by Solenova, its joint venture with Angolan national oil company Sonangol.

The signing of an engineering, procurement and construction contract by Solenova is for the first phase of the solar power plant whose construction should start next year, the Italian oil-and-gas company said.

Capacity at the plant will increase in phases. In its first phase, the plant will have a capacity of 25 megawatts-peak, with an ultimate total capacity of 50 megawatts-peak.

"The Caraculo photovoltaic plant will be an important source of electrical power in the Namibe province, from a renewable resource, and will allow the reduction of diesel consumption for electricity generation, thus reducing the emission of greenhouse gases (GHG) and contributing to Angola's energy transition," it said.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

December 06, 2021 06:47 ET (11:47 GMT)

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

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