We are also contributing to the transition to a low-carbon future by promoting renewable energy.
We are using our experience of renewables in the field to promote new projects to produce energy with low CO2 emissions.
At Eni, we have been working with renewables for the past 35 years: we apply our know-how to new technologies in order to make them more efficient. We appreciate that projects to develop renewables will assume greater importance within our portfolio: as a result, we are optimising industrial, business and contractual synergies. The Energy Solutions directorate set up in 2015 is dedicated to the study of effective technological solutions for producing energy from renewables. In these years, we identified and started projects to generate energy from renewables at our plants in Italy, but also in countries where climatic and other conditions offer the greatest potential in the world. The aim is to improve our energy efficiency, but also to contribute towards energy access for the communities in which we have a presence. As part of the 2017-21 plan, investments in renewables will be made of more than €1.2 billion – aiming to install power capacity of 1 GW in 2021.
In the past, the exploitation of renewable energy was limited by high costs and the innate unreliability of the sources – such as sunlight – used to produce it. The latter are completely natural and therefore volatile and difficult to accurately predict. While there is still no solution to this problem, we are working to promote the integration of renewables within energy systems. One area of research concerns the storage of energy, for example, while others focus on the smart grid – intelligent networks able to manage peaks in demand and distribute energy efficiently – interconnection of systems and the improvement of time estimates.
During 2017, Eni acted on its commitment to renewables by opening its first specialist plants in Italy and Algeria and developing further initiatives. In December 2017, Eni and the Algerian state-run company Sonatrach signed a Memorandum of Understanding for the development of projects in the renewables sector. The agreement involves carrying out feasibility studies for solar-energy generation facilities in production areas where the Algerian company is currently working and also installing them. This is proof of Eni’s commitment to promoting sustainable development in the countries where it operates as part of the company’s energy transition, which includes ever-increasing use of energy from renewable sources. In addition, in 2017, Eni signed partnership agreements with General Electric and the Kazakh Ministry of Energy.
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