L R AS Published on Sunday 28 November 2021 - n° 384 - Categories:funding
Eni to finance its RE programme through the stock market
To finance its investments in renewable energy, Italy's ENI is to combine its renewable assets into a subsidiary called Plenitude. From a current portfolio
of 1.2 GW of solar, the goal is to install 6 GW by 2025, and then reach 15 GW of renewables by 2030, most of which should be solar. The company will be listed on the stock exchange in 2022, which will attract new capital to finance growth.
ENI wants to accelerate as other energy groups have very ambitious targets: Repsol has a target of 20 GW of RE by 2030, BP is aiming for 50 GW, TotalEnergies 100 GW.
https://www.pv-tech.org/eni-eyes-listing-of-plenitude-renewables-unit/
PV Tech of 23 November 2021
