Italian oil major Eni said it will spend up to €7bn ($8.6bn) on renewable power out to 2021, including building new solar power plants on up to 25 of its industrial sites. Eni will initially build five solar plants with a combined 70 MW capacity, adding 150 MW in a 1bn phase. The oil company’s total installed renewable power generation capacity is expected to reach 463 MW by 2020. Up to €second of the money will be spent on other green sectors, including research and development on solar power, energy storage, advanced biofuels, biomass and wind power.
Italian oil major Eni said it will spend up to €7bn ($8.6bn) on renewable power out to 2021, including building new solar power plants on up to 25 of its industrial sites. Eni will initially build five solar plants with a combined 70 MW capacity, adding 150 MW in a second phase. The oil company’s total installed renewable power generation capacity is expected to reach 463 MW by 2020. Up to €1bn of the money will be spent on other green sectors, including research and development on solar power, energy storage, advanced biofuels, biomass and wind power.