Eni, CDP Equity Set Up JV to Produce Electrical Power From Renewables
March 11 2021 - 4:40AM
Dow Jones News
By Giulia Petroni
Eni SpA said Thursday that it has set up a joint venture with
CDP Equity SpA to produce electrical power from renewable sources
in Italy.
The Italian oil-and-gas major said the JV, named GreenIT, will
produce energy mainly from photovoltaic and wind plants. The aim is
to reach an installed capacity of around 1,000 megawatts and have
more than 800 million euros ($950.6 million) of cumulative
investments by 2025.
Eni holds 51% of the new venture, while CDP Equity holds the
remaining 49%.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
March 11, 2021 05:25 ET (10:25 GMT)
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