In line with the objective of ensuring a low-carbon future, Eni's new Energy Solutions business unit was set up in late 2015.
The Executive Vice President of the business unit reports to the Chief Executive Officer and is tasked with defining strategies for developing the company’s renewable energy business, overseeing the creation and management of renewable energy plants and energy sales, and coordinating the operations of subsidiary companies.
Our commitment to renewable energy complements traditional business in that we aim to extend the value chain and capitalise upon the synergies that exist among our various lines of business. We used this as the basis to define a business model for the development of renewable energy, which draws on our specific areas of expertise and competitive advantages:
Our integrated model comprises two main project categories:
In technological terms, Energy Solutions develops and builds photovoltaic, wind and hybrid plants with gas and energy storage. The first Energy Solutions subsidiary, Eni New Energy S.p.A., was established in 2017 and operates on the Italian market. This was followed by the creation of Eni New Energy Egypt, the acquisition of Armwind (Kazakhstan) in 2018 and the formation of New Energy Pakistan e Société Energies Renouvelables ETAP-Eni (Tunisia) in early 2019. Other companies will be created in accordance with local legislation and the need to transmit electricity into the corresponding national grids. These companies will be responsible for creating and operating the renewable energy plants that Energy Solutions is developing in their respective countries.
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