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Renewables at the centre of our strategy

Solar, wind and wave energies are becoming increasingly present in our activities because they are essential for achieving carbon neutrality.

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Gradual increase in installed capacity

Eni’s evolution has renewable energy at the centre of its strategy and it aims to reach 60 GW of installed capacity by 2050.  Starting with 1 GW of capacity installed and under development in 2020, we have divided the journey into precise phases that we have outlined in the Long-term Strategic Plan to 2050This growing commitment to green energy is part of the transformation that we have been undergoing since 2014 and helps bring us closer to our most ambitious goal: achieving the total decarbonization of all our products and processes by 2050.

Thanks to this commitment, our energy production from renewable sources increased from 11.6 GW/h in 2018 to 60.6 GW/h in 2019, and reached 339.6 GW/h in 2020.

Renewables closer to the consumer

The development and growth of renewables is the objective of Energy Evolution, one of the two Business Units that make up our organisational structure. In order to maximise value generation along the entire green energy chain and further strengthen integration and synergies, we have decided to merge the renewables business with the gas&power retail business  We hope that this will enable us to supply our customers more efficiently with renewable energy that we have produced ourselves.

In March 2021, together with CDP Equity, we founded GreenIT , a new joint venture for the development, construction and management of plants for the production of electricity from renewable sources in Italy. The aim is to produce energy, mainly from photovoltaic plants and wind farms, to reach an installed capacity of around 1,000 MW by 2025, thanks to cumulative investments of over €800 million over the five-year period.


On the road to renewables

Result confirmed in Annual Report 2020
Installed and sanctioned capacity by 2020
Target confirmed in Long-Term Strategic Plan to 2050
Installed and sanctioned capacity by 2025
60 GW Installed renewable energy capacity by 2050
Target confirmed in Long-Term Strategic Plan to 2050
Installed renewable energy capacity by 2024
Target confirmed in Long-Term Strategic Plan to 2050
Installed renewable energy capacity by 2030
Target confirmed in Long-Term Strategic Plan to 2050
Installed renewable energy capacity by 2035

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We are one of Italy’s leading wind power operators

Taking the projects in the process of being acquired and constructed into account, we have reached 350 MW of installed wind power capacity connected to the National Transmission Grid in Italy, making us one of the leading operators in the country. In July 2021, we signed an agreement to acquire thirteen onshore wind farms in Italy from Glennmont Partners and PGGM Infrastructure Fund, with a total capacity of 315 MW already in operation. The acquired portfolio includes 256 wind turbines that came into operation between 2009 and 2016 and are located in Sicily, Puglia, Basilicata and Abruzzo. In total, these plants meet the energy needs of around 200,000 Italian households with an integrated energy management perspective. The agreement also includes the acquisition of a highly experienced team, who will ensure plant management continuity and further development of the portfolio. In addition, in June 2020, we acquired three wind farms from Asja Ambiente Italia planned for the municipality of Laterza, in Puglia, with a total capacity of 35.2 MW and an estimated annual production of around 81 GWh. The three plants are under construction and (see latest draft press release), once operational, will include sixteen 2.2 MW wind turbines

Eni and IRENA join forces in drive for carbon neutrality by 2050

On 30 September 2021, we signed a three-year partnership agreement with the International Renewable Energy Agency (IRENA), to work together to promote renewable energy and accelerate the energy transition. The document was signed when Milan hosted Pre-COP 26, an event that brought climate and energy ministers from a select group of countries together. The agreement was signed by Eni Chief Executive Officer, Claudio Descalzi, and IRENA Director General, Francesco La Camera, to foster dialogue and information sharing between the two organisations. It aims to accelerate the energy transition and the development of renewable energy in fossil fuel exporting countries, to identify barriers to private-sector investment in renewable energy in the countries where Eni operates, and promote solutions in collaboration with governments. The shared objectives also include promoting the inclusion of renewable energy in the decarbonization paths of the international agency’s member countries where we are present, with a focus on biofuels, marine energy and offshore renewables. Eni and IRENA are jointly committed to integrating Africa into the biofuel value chain: institutional capacity building, agribusiness and industrial development initiatives to produce advanced biofuels will promote decarbonization in the transport sector and contribute to increased development opportunities.

A network of projects with a global vision

We are setting up wind and photovoltaic plants in Italy and around the world, thanks to agreements and collaborations with strategic partners.

In January 2022 Plenitude, we acquired the Greek company Solar Konzept Greece ("SKGR") from Solar Konzept International. The company owns a photovoltaic plants’ development platform in Greece. SKGR's portfolio includes a pipeline of projects at various stages of development, totalling around 800 MW. These projects form the basis for further development in the country. Plenitude has been operating in the Greek retail energy market since 2000 and now has around 500,000 customers. The deal marks Eni's entry into the Greek renewable electricity generation market and is part of its plan to grow renewable capacity together with vertically integrated activities in the power retail business. This transaction is aligned to the company’s broader mission to become a leader in the production and sale of decarbonised products.


In February 2021, we signed an agreement with X-Elio for the acquisition of three photovoltaic projects in southern Spain with a total capacity of 140 MW. In this setting, we are launching a strategic collaboration to develop green energy projects in Spain, where we aim to achieve growth of 1 GW in the next five years, helping to reach the target of 5 GW of installed capacity from renewables by 2025. X-Elio, a leading global renewable energy company, has a significant presence in Spain, where it has already implemented over 1 GW of projects, with 250 MW under construction, long-term power purchase agreements (PPA) for over 650 MW and over 1.5 GW under development. In addition to consolidating our presence in the Spanish market, this collaboration will enable us to integrate the businesses operating in this region.

In March 2021, we started the construction of a 50 MW photovoltaic plant in southern Kazakhstan, through our local subsidiary Arm Wind LLP. The plant is our first major investment in solar energy production in the country. The new plant will cover an area of 100 hectares. Over 100,000 photovoltaic panels will be installed, together with a new electrical substation connected to the local grid via a new overhead power line, approximately seven kilometres in length. Once operational, the new plant will help reduce greenhouse gas emissions by approximately 1.2 million tonnes of CO2 equivalent over its lifetime. This will contribute to the gradual decarbonization of Kazakhstan's electricity sector and support the country's ambitious goal of producing 50% of its energy from renewable sources by 2050. Still in Kazakhstan, in March 2020, we started commercial production at the Badamsha wind farm, a 48 MW plant with an annual production of approximately 195 GWh, which will save a total of 170,000 tonnes of CO2 per year. Badamsha is our first wind farm and we are now working on the second phase of the project, which will result in an additional 48 MW of capacity.

In December 2019, we signed a strategic agreement with Falck Renewables for the joint development of renewable energy projects in the United States of America. As such, we have created a unique platform for combining our respective expertise in different technical fields, with the common goal of developing, building and financing new solar photovoltaics, onshore wind and storage projects. In August 2020, this collaboration was expanded with an additional agreement to acquire 62 MW of operating wind and solar power plants and up to 160 MW of wind projects under development in the United States. Once all these plants are operational, they will help offset over 93,000 tonnes of CO2 per year. An additional 30 MW solar project will be acquired under an agreement signed in November 2020. Once in operation, the plant will provide green energy to a regional utility that will distribute it to households and industries, avoiding over 33,000 tonnes of CO₂ per year.

Our commitment to renewable energy complements our traditional business, and we are successfully creating efficiencies, value and synergies year after year. Our business model for developing renewable energy is based on these foundations. It has several unique competitive advantages, including Eni's global presence and broad portfolio of industrial assets, and a consolidated approach to research and development that is strengthened by partnerships with leading universities, such as MIT or the Milan and Turin Polytechnics.

Our experience building large-scale products and processes, which are particularly important for renewables, certainly helps us. We can also activate many different, flexible financial levers, depending on the nature of the projects and their geographical location, making the most of the sun and wind in the countries where we operate. An example of this potential is the substantial development of renewables in Algeria, a country that has always been a hydrocarbon target for Eni. Most of our foreign projects are in Africa, but we are also working on projects in Spain, the USA, Pakistan1, Kazakhstan and Australia. The challenge of supplying affordable, clean energy nationwide is more complex in the world's poorest and most vulnerable nations. According to United Nations data, these countries perform up to six times worse than the most industrialised countries in terms of access to clean energy.


(1) In March 2021, we reached an agreement to sell our shares in the Pakistan operations to the Prime International Oil & Gas Company, a newly established company formed by a team of former local Eni employees and Hub Power Company Ltd, Pakistan's leading power producer.

Two main project categories

Our integrated model comprises two main category initiatives:

  • Brownfield, where renewable energy is generated close to Eni's plants, to exploit all contractual, logistical and industrial synergies
  • Greenfield, these are new projects that are not connected to Eni's industrial areas. They generate renewable energy for sale to industrial customers or the local grid.

Selected operating data

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Commitment to achieving the UN Sustainable Development Goals

Our history is naturally tied to hydrocarbons. However, this does not prevent us from looking at the clean energy of today and tomorrow with interest and commitment or to making major investments. In particular, UN Sustainable Development Goal No. 7, included in the 2030 Agenda that came into force in 2016, commits everyone to work towards universal access to affordable and clean energy sources. This objective is fundamental itself and is the basis for achieving the other objectives of the agenda. We decided to merge the renewable energy business with the retail in Plenitude, depending from the new Energy Evolution business unit. This maximises value generation along the entire green energy chain and supports our Scope 3 decarbonization targets for emissions produced both upstream and downstream of our activities. We hope that this will enable us to supply our customers more efficiently with renewable energy that we have produced ourselves. This new organisational setup makes us one of the leading green retail players in the European market, with 15 million customers and 15 GW of installed capacity by 2030.