Greenpeace notes widespread greenwashing among fossil fuel companies
A new report published by environmental campaign group Greenpeace analyses financial statements from 12 major European headquartered oil companies. The study finds that, despite many public claims to be participating the energy transition, both the current activities and future investment plans of these companies are dominated by fossil fuels.
Eni, Sonatrach start building 10 MW solar array in Algeria
Italy’s Eni and Algeria’s Sonatrach have started building a 10 MW solar project in Algeria. The oil giants also inaugurated a solar lab to test the efficiency of different PV technologies under local irradiation conditions.
Eni moves into Greek renewables via its gas and light business
The Italian energy major this morning announced it had acquired German-owned clean power developer Solar Konzept Greece.
Eni plans IPO for Plenitude, its new ‘energy transition’ unit
The new company will comprise all group’s business for the development of renewable energy, the sale of energy solutions, and the creation of a widespread EV charging network.
Eni acquires Italy’s second largest EV charging stations operator
The Italian energy giant acquired Be Power, which operates over 5,000 EV charging stations across Italy.
Eni continues rapid Spanish solar expansion with acquisition of Dhamma project pipeline
The decision of the Italian energy firm to acquire a 2.8 GW-plus solar pipeline in Spain and France has come on the same day it was announced Eni would assume 1 GW of solar capacity in Spain from another business. The value of neither deal, nor the form of finance involved, has been revealed.
Italy’s Eni to acquire 1.2 GW renewable project portfolio in Spain
Independent asset manager Azora is selling the renewable energy portfolio, which includes five large solar PV parks totaling 1 GW in advanced stages of development, located in Andalusia, Castilla-La Mancha, Castilla y León, Catalonia, Galicia, and La Rioja, to Eni.
The Hydrogen Stream: Italy’s Eni lays out plans in Algeria and Egypt, UAE joins race with help from Japan
Italian energy company Eni is partnering with local companies in Algeria and Egypt to explore the possibility of producing green and blue hydrogen in the North African countries. The United Arab Emirates is also collaborating with Japanese partners to develop the country’s hydrogen sector, while in New York, hydrogen has arrived in Long Island.
A wave of big African solar is set to break
The Africa Solar Industry Association has recorded almost 2 GW of large scale project announcements since the start of last month with 18 countries planning new clean power infrastructure and including energy storage in the plants.
Are oil and gas companies on the run?
Private sector fossil fuel spending on exploration is drying up just as modest rises in clean energy investments are being observed. With stock market investors increasingly embracing renewables, the IEA has observed positive signals in its latest energy investment report, but warned we are still doing far too little to keep global heating at bay.
