Setting goals is never too difficult, achieving them is the biggest challenge. In a scenario of constant change - such as the current one - characterized by uncertainty, complexity and volatility, technology, investment, perseverance, and commitment are needed.
The current energy crisis is generating a shock of unprecedented magnitude and complexity; energy markets remain extremely vulnerable and suffer from the fragility of an unsustainable global energy system.
This is an important moment in the history of energy. There is a great opportunity to accelerate the energy transition generated by today's growth rates for solar photovoltaics, wind power, electric vehicles, and batteries: if maintained, they would lead to a much faster transformation, analysts suggest.
The challenges imposed by the current energy market call for effective decarbonization strategies and fair transition paths, capable of generating value for all.
Eni's response, included in the 2022-2025 Strategic Plan, has its foundations in technological innovation (with the use of proprietary technologies) and the strengthening of consolidated alliances with energy-producing countries, both to find replacement sources of energy and to expand the company's commitment to the development of new decarbonized products and services. In this strategic framework, renewable energy sources play a significant role.
After the transfer of Eni's renewable energy portfolio to Plenitude in 2021, the company now operates more than 450 wind turbines with a capacity of 750 MW to generate enough electricity to supply more than 550,000 households each year.
The international and European scenario clearly shows that the time to act and take resolute decisions is now. We all need to do our part. Eni and Plenitude are working together to generate energy from renewable sources, so that consumers and companies can make effective sustainable choices and have concrete support to help safeguard our planet.
«Renewable energy installations continue growing all around the world, as they offer solutions that are both cost-competitive and decarbonized. During this energy crisis we started to appreciate an additional advantage: solar and wind farms may also contribute to the energy security of each country», says Alessandro Della Zoppa, Head of Renewables at Plenitude.
Plenitude is actively contributing to achieving the objectives of Eni's strategic plan.
«Energy transition is at the core of Plenitude’s strategy and business model, as we invest in renewable generation in order to offer clean energy to our clients, when they are at home or in their car», Della Zoppa points out. «Plenitude is at the forefront of Eni’s decarbonization strategy. We are committed to reaching Net Zero Scope 1, 2 and 3 by 2040. Particularly in the power market, we have already fully decarbonized our B2C Customers, as we deliver to them only power from renewable sources, and we target the rest of our customers by 2030. Also our network of EV recharging points are supplied with power from renewable sources».
«Onshore wind installations continue to expand fast on a global scale, thanks to their high load factors and low cost of energy; however, it’s the offshore that offers the biggest potential, particularly as the floating foundations technology will open up new markets. Plenitude invests across all conventional and new renewable technologies, in order to deliver clean energy to its clients», says Della Zoppa.
Spanish wind farm El Monte 104.5 MW, in the Castilla-La Mancha region
The reason for the importance of wind power to produce energy is well reiterated by Della Zoppa: “Onshore wind is today the most competitive technology in electricity generation, at least in terms of LCOE, the Levelized Cost of Energy that is the reference KPI in the industry. This is due to the higher load factors in respect to solar plants, and to the continuing success of the industry in increasing the scale of modern turbines,” Della Zoppa explains.
As mentioned, offshore has huge potential and represents the future of wind energy. That is why Eni and Plenitude are investing now in technology and innovation, to give people and companies an extra chance to seize the potential of wind energy by reaping the maximum sustainability benefits.
«Plenitude expects to reach 2 GW of installed renewable capacity at the end of this year, more or less equally split between wind and solar plants. We want to grow steadily on both technologies in order to reach our ambitious goal of over 6 GW in 2025. Looking further into the future, our target is to have 15 GW by the end of this decade, which would require the additional contribution of big offshore wind projects. This is the reason why we are already investing in this technology», Della Zoppa concludes.
Independent Journalist, popularizer of emerging technologies, author & keynote speaker | Double soul: tech & humanist | Futurist & Futures Studies Facilitator | I analyze impacts of emerging techs on alternative futures.
Read more about this topic
Selected content on this issue.
THIS WEBSITE (AND THE INFORMATION CONTAINED HEREIN) DOES NOT CONTAIN OR CONSTITUTE AN OFFER OF SECURITIES FOR SALE, OR SOLICITATION OF AN OFFER TO PURCHASE SECURITIES OR IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR FOR THE ACCOUNT OR BENEFIT OF ANY U.S. PERSON AS THAT TERM IS DEFINED IN THE SECURITIES ACT (A "U.S. PERSON"), AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH AN OFFER OR SOLICITATION WOULD REQUIRE THE APPROVAL OF LOCAL AUTHORITIES OR OTHERWISE BE UNLAWFUL (THE "OTHER COUNTRIES"). THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR PURSUANT TO THE CORRESPONDING REGULATIONS IN FORCE IN AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE “OTHER COUNTRIES” AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON UNLESS THE SECURITIES ARE REGISTERED UNDER THE SECURITIES ACT, OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IS AVAILABLE. NO PUBLIC OFFERING OF SUCH SECURITIES IS INTENDED TO BE MADE IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR IN THE “OTHER COUNTRIES.”
In any Member State of the European Economic Area ("EEA"), the information contained in this website is only directed at and may only be communicated to persons who are "qualified investors" ("Qualified Investors") within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (the "Prospectus Regulation").
The information to which this website gives access is directed only at persons (i) who are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) who have professional experience in matters relating to investments falling within Article 19(5) of the Order or (iii) to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which this communication relates is only available to relevant persons and will be engaged in only with relevant persons, or in the EEA, with Qualified Investors. Any person who is not a relevant person, a Qualified Investor or otherwise permitted under applicable law or regulation to access the information, should not act or rely on the information contained herein.
Confirmation of Understanding and Acceptance of Disclaimer
These materials are for informational purposes only and are not directed to, nor are they intended for, access by persons located or resident in the United States, Australia, Canada, Japan or South Africa or any of the Other Countries. I certify that:
I am not resident of, or located in, the United States, Australia, Canada, Japan or South Africa or any of the Other Countries or I am not a U.S. Person; or
If I am a resident of, or located in, the EEA, I am a Qualified Investor within the meaning of Article 2(e) of the Prospectus Regulation; or
If I am a resident of, or located in, the United Kingdom, I am a Qualified Investor and a relevant person.
I have read and understood the disclaimer set out above. I understand that it may affect my rights. I agree to be bound by its terms and I am permitted under applicable law and regulations to proceed to the following parts of this website.
WARNING: the above certification constitutes a "self-certification" pursuant to Decree of the President of the Italian Republic No. 445 of 28 December 2000. False certifications are punishable by law.
You must read the following information before continuing.
The information contained in this segment of the website is not intended for, and must not be accessed or distributed or disseminated to persons resident or physically present in the United Kingdom, Canada, Australia, Japan or any other jurisdiction in which it is unlawful to do so. The information also is not intended for, and must not be accessed or distributed or disseminated to persons resident or physically present in Italy who are not “qualified investors” (investitori qualificati), as defined in Article 2, letter e) of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) pursuant to Article 1, fourth paragraph, letter a) of the Prospectus Regulation as implemented in Italy by Article 35, paragraph 1, letter d) of CONSOB regulation No. 20307 of February 15, 2018.
By clicking the button below labeled “I agree”, you are certifying that (A) if you are in the European Economic Area, you are a “Qualified Investor”; (B) you are not accessing this portion of the website from the United Kingdom, Australia, Canada or Japan; (C) if you are a resident or physically present in Italy, you are a qualified investor as defined under the Prospectus Regulation as implemented in Italy by Article 35, paragraph 1, letter d) of CONSOB regulation No. 20307 of February 15, 2018; and (D) you are not located in a jurisdiction where it is unlawful to access this portion of the website.
You acknowledge that the information and statements contained in the document you are accessing on this website speak only as of the date of such document (or such other date(s) specified therein), and such information and statements may become inaccurate, stale and/or out-of-date thereafter and should not be relied upon for any investment decision.
You acknowledge that the materials on this website that you are accessing are confidential and intended only for you and you agree you will not forward, reproduce, copy, download or publish any of such materials (electronically or otherwise) to any other person if this is not in accordance with the law.
You acknowledge that the access to information and documents contained on this portion of the website may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access this portion of the website. If you are not authorized to access the information and document contained on this portion of the website or you are not sure that you are permitted to view these materials, you should leave this portion of the website.
You acknowledge that no registration or approval has been obtained and Eni Gas e Luce S.p.A. società benefit and its affiliates assume no responsibility if there is a violation of applicable law and regulation by any person.
By clicking the button below labeled “I agree”, you are confirming that you have read and understood the disclaimer above.
If you cannot so confirm, you must exit this portion of the website