Cassa Depositi e Prestiti Equity and the Italian energy giant have created a joint venture that will invest around €800 million in renewables in their homeland by 2025. The two companies are planning to build large scale plants with the option of utilizing properties owned by the Italian government.
The two Italian energy giants have joined forces to bring online 20 MW of hydrogen capacity between 2022 and 2023. Two 10 MW pilot electrolyzers will be built at unspecified Eni refineries.
Plans to issue a request for proposals related to the contracts to develop twin 500-600 MW solar plants in the sultanate by the end of this month appear to have slipped but the head of awarding utility the Oman Power and Water Procurement Company has reportedly stated the process is in train.
The tariff is around $0.0021 lower than the $0.0156/kWh French oil giant Total and Japanese conglomerate Marubeni Corp offered in Qatar’s 800 MW tender in late January. French energy company EDF and Chinese solar company JinkoPower reportedly submitted the record bid in the UAE exercise.
The meeting planned yesterday to open the final bids by consortia vying to develop the 1.5 GW Al-Dhafra solar field in Abu Dhabi was reportedly postponed because coronavirus-related restrictions on public gatherings in the emirate. The chairman of the Abu Dhabi Department of Energy told pv magazine this year the project would bring a new low price for solar power.
The Italian oil super major says its latest, 31 MW facility takes it to 80 MW of installed capacity across 13 solar plants in five Italian regions. Some 70% of the power generated by the new project will be used by Eni chemicals subsidiary Versalis.
Solar deployment continued to pick up in the Middle East and North Africa in 2019, the Middle East Solar Industry Association has said in its annual report.
The transaction has been approved by AGCM, Italy’s antitrust authority. Prior to acquiring Evolvere – which recorded a turnover of more than €30 million in 2018 – Eni has mainly specialized in the construction of large-scale solar plants, rather than residential and commercial PV projects.
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