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Renewables at the centre of our strategy

Green energies, so called because they come from renewable sources like solar, wind and wave motion, are increasingly present in our activities, as they are essential to achieving carbon neutrality.

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

On 30 September 2021, Eni and the International Renewable Energy Agency (IRENA) signed a three-year partnership agreement to work together on promoting renewable energy and accelerating the energy transition. An agreement signed as Milan hosts Pre-COP 26, an event bringing together climate and energy ministers from a select group of countries. The agreement was signed by Eni Chief Executive Officer Claudio Descalzi and IRENA Director General Francesco La Camera to boost dialogue and information sharing between the two organisations. It has two specific aims. Firstly, to accelerate the energy transition and development of renewable energy in fossil fuel-exporting countries; secondly, to identify the barriers to private-sector investment in renewable energy in the countries where Eni operates, promoting solutions in collaboration with governments.  The shared goals also include a push for renewable energy to be included in the decarbonization journeys being undertaken by the international agency’s member countries we operate in. This will see a key focus on biofuelsmarine energy and offshore renewables. Eni and IRENA are jointly committed to the integration of 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.


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Claudio Descalzi primo piano

The agreement with IRENA is a step forward Eni’s pledge to reach net zero by 2050, as it leverages renewables and other technological and industrial solutions to successfully face the energy transition.

Claudio Descalzi

The evolution of Eni has renewables at the centre of its strategy and aims to reach an installed capacity of 60 GW by 2050. Starting from the 1 GW of installed and sanctioned capacity in 2020, we divided our path by precise milestones in our Long-Term Strategic Plan for 2050. Our growing commitment to green energies is also part of the transformation we have been going through since 2014, and helps bring us closer to our most ambitious goal: achieve the total decarbonization of all our products and processes by 2050. Thanks to this commitment, our production of energy from renewable sources has increased from 11.6 GW/h in 2018 to 60.6 GW/h in 2019, and reached 339.6 GW/h in 2020.

The development and growth of renewables are the goal of Energy Evolution, one of the two General Departments that make up our organisational structure. To maximise value generation along the whole green power chain and further strengthen synergies, we have decided to integrate our gas&power activities with renewables.  In this way, we hope to more effectively supply our customers with renewable energy produced by us. In March 2021, together with CDP Equity, we founded GreenIT, a new joint venture for the development, construction, and management of plants producing electricity from renewable sources in Italy. The aim is to produce energy mainly from photovoltaic and wind power plants with a view to achieving an installed capacity of around 1,000 MW by 2025, with cumulative investments of over 800 million euros over the five-year period.


Prioritising 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 into account all the projects in the process of being acquired and implemented, we have reached 350 MW of installed wind power capacity connected to the National Transmission Grid in Italy, to become 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 is made up of 256 wind turbines that came into operation between 2009 and 2016 and are located in Sicily, Puglia, Basilicata and Abruzzo. Overall, 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 portfolio development. In June 2020, we also acquired three planned wind farms from Asja Ambiente Italia to be located in 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, once operational, will include sixteen 2.2 MW wind turbines.

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 March 2021, we began work to construct a 50 MW photovoltaic plant in southern Kazakhstan via local subsidiary Arm Wind LLP. The plant is our first major investment in the country in terms of solar energy production. The new plant will span an area of 100 hectares, where over 100,000 photovoltaic panels and a new electrical substation connected to the local grid via a new overhead power line approximately seven kilometres in length will be installed. Once operational, the new plant will help reduce greenhouse gas emissions by approximately 1.2 million tonnes of CO2 equivalent over the life of the plant, contributing to the gradual decarbonization of Kazakhstan's electricity sector and supporting the country's ambitious goal of producing 50% of its energy from renewable sources by 2050. Also in Kazakhstan, in March 2020, we launched commercial production at the Badamsha wind farm, a 48 MW plant with an annual production of approximately 195 GWh, allowing for a total saving of 170,000 tonnes of CO2 per year. Badamsha is our first wind farm and we are now involved in work on the second phase of the project, which will result in an additional 48 MW in capacity.

In February 2021 we signed an agreement with X-Elio for the acquisition of three photovoltaic projects in southern Spain amounting to a total capacity of 140 MW. In this context, we are launching a strategic collaboration for the development of green energy projects in Spain, where we aim to achieve growth equal to 1 GW in the next five years, helping to achieve the target of 5 GW of installed capacity from renewables by 2025. World-leading renewable energies company X-Elio has a major presence in Spain, where it has already carried out projects worth over 1 GW, in addition to 250 MW in projects under construction, a long-term electricity purchase agreement (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 allow us to integrate the businesses operating in this region. In July 2021, we also signed two agreements for a further increase in installed capacity in renewables in both Spain and France. A first agreement with Azora Capital, provides for the acquisition, through Eni gas e luce, of a portfolio of nine renewable energy projects in Spain. Part of a broader strategic understanding between the two companies to further expand Eni's renewable energy platform in Spain, this deal involves the acquisition of three operating wind farms and one under construction in the centre-north of the country, totalling 230 MW, as well as five large photovoltaic projects at an advanced development stage for approximately 1 GW. In addition, Eni and Azora will work together to ensure all plants currently under construction and development enter into production by 2024. A further agreement in July also provides for the acquisition, again through Eni gas e luce, of the company Dhamma Energy Group ("Dhamma"), owner of a platform for the development of photovoltaic plants in France and Spain. Specifically, Dhamma's plant portfolio includes a pipeline of projects for almost 3 GW distributed in the two countries and at various stages of maturity, as well as plants already in operation or at an advanced stage for around 120 MW in France.

In December 2019 we signed a strategic agreement with Falck Renewables to develop joint renewable energy projects in the United States. This has given us both a unique platform on which to put our respective skills to use in various technical fields. Our common goal is developing, building and financing new projects in solar photovoltaiconshore wind and storage. In August 2020 this collaboration was enriched by a further agreement for the acquisition of 62 MW of running wind and solar plants and up to 160 MW of wind projects under construction in the United States. Once all these plants are up and running they will help offset over 93,000 tonnes of CO2 a year. An additional 30 MW solar project will be acquired through 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 tons of CO₂ per year.

Our commitment to renewable energy complements our traditional business, and with each year we become more efficient, creating value and taking advantage of synergies. We have defined a business model for developing renewables founded on distinctive competitive advantages. These include being able to leverage Eni’s global presence and diverse portfolio of industrial assets, as well as its long track record of research and development, which is strengthened by our partnerships with respected universities such as MIT and the polytechnic universities of Milan and Turin. We have a wide experience of creating new processes and products, which is particularly important when it comes to renewables. We are also well placed to find the right kind of finance for each project, whatever its location, so that we can fully exploit the sun and wind wherever we operate. Just look at our significant development of renewables in Algeria, a country that has always been important for hydrocarbons and for Eni, to see how successful this model can be.  While most of our projects outside of Italy are in Africa, we also operate in Spain, in the US and in Pakistan1, Kazakhstan and Australia. The challenge of supplying cost-effective, clean energy across an entire nation is more complex in the world’s poorer and more vulnerable countries, where access to clean energy is up to six times lower than in more industrialised countries, according to data from the United Nations


(1) In March 2021 we reached an agreement to sell our shares in our entities in Pakistan to Prime International Oil & Gas Company, a newly established company formed by former Eni’s local employees team and Hub Power Company Ltd, the largest Independent Pakistani Power Producer.

Two main project categories

Our integrated model has two main project categories:

  • Brownfield projects are renewable energy production projects in close proximity to Eni plants and aim to exploit all possible contractual, logistical and industrial synergies. 
  • Greenfield projects are new projects unconnected to Eni industrial sites that generate renewable energy for sale to industrial customers or the local grid.

Selected operating data

Interactive charts and tables.

Our commitment to the UN Sustainable Development Goals

Our story is inevitably bound up with hydrocarbons, but this doesn’t stop us from making a commitment to produce clean energy now and in the future, and we have made significant investments in this area. The UN’s Sustainable Development Goal 7, included in its 2030 agenda, commits us all to guaranteeing universal access to affordable and clean energy. This is a fundamental goal in itself but also forms the basis for achieving the other goals on the agenda. We have decided to integrate the renewable energy business with the retail business of Eni gas e luce within the new Energy Evolution business unit to further maximise value generation along the entire green energy chain and support our Scope 3 decarbonization targets for emissions produced both upstream and downstream of our activities. This will enable us to more efficiently supply our customers 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.