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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.

Gradual increase in installed capacity

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 1 GW of capacity installed and sanctioned 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.

Renewables closer to the consumer

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 integration and synergies, we have decided to merge our renewable business with our Gas & Power retail business.  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

Installed renewable energy capacity by 2020
Installed renewable energy capacity by 2024
60 GW Installed renewable energy capacity by 2050
Installed renewable energy capacity by 2025
Installed renewable energy capacity by 2030
Installed renewable energy capacity by 2035

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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.

Solar and wind in Kazakhstan

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.

Working with X-Elio on strategic renewables projects in Spain

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.

Working with Falck Renewables for renewables in the USA

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.

High-level partnerships with the countries in which we operate

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.

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. In line with the goal to reach a low-carbon emissions future, the Energy Solutions department’s objective is to define strategies for the development of the renewable energy business, ensuring plant construction and management and energy sales.

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.