Large conventional energy companies continue to pledge their commitments to renewable power. This time, Rome-based gas and oil company Eni follows the trend with an announcement to build up to 420 MW of renewable plants in three countries.
New renewable energy generation projects will be implemented near Enis own plants and areas of operation in Italy, Egypt and Pakistan.
In Pakistan, Eni intends to develop a 50 MW solar plant near the Kadanwari gas field. The company expects to open the plant by the end of the next year. The produced energy will be sold through the Pakistani national grid.
At the same time, by the end of 2017, Eni is planning to start operating an up to 150 MW solar farm near its Belaiym gas field in Egypt. The energy produced will be used to power Enis facilities in the field, as well as sold to the national grid.
Finally, in its home country, Eni intends to give new renewable life to abandoned industrial areas. As part of its Progetto Italia project, Eni has identified about 400 hectares of unused industrial sites in six Italian regions that can be turned into zero-emission energy generation plants.
In the first phase of the project, Eni is planning to develop five renewable plants in Assemini, Porto Torres, Manfredonia, Priolo and Augusta, with a total installed capacity of around 70 MW. And for the second phase Eni says to plan even bigger investments in various renewable projects totaling up to 150 MW.
According to the company, most of the projects will be large-scale PV farms. But there will also be room for other technologies, such as biomass and concentrated solar power. Eni is expecting that all 220 MW of projects will be completed by 2022. Total investment is estimated to be between 200 and 250 million (US$228 to $284.5 million). Once completed, the projects together will reduce CO2 emissions by about 180,000 tons per year.