The solar project is expected to produce more than 27GWh of power annually, 10% of which will power Eni’s site
Italian oil and gas company Eni has commenced operations at an 18MW solar photovoltaic (PV) project located inside Eni’s fuel depot in Volpiano, Italy.
The project was built as part of the “Progetto Italia”, a strategy to redevelop brownfield sites located within the company’s industrial assets into renewable energy resources.
The solar project is expected to produce more than 27GWh of power annually, 10% of which will power Eni’s site while the remaining output will be supplied to the market, without benefiting from incentive mechanisms.
The company’s subsidary, Eni New Energy, which has developed solar project, has now reached 85MW of total operating PV capacity and now targeting to surpass 250MW by 2023.
Eni expects prevention of 370,000 tonnes of CO2 emissions annually over the plant service life
Eni stated: “This initiative is consistent with Eni’s vision that combines economic with environmental sustainability, and reinforces the company’s leading role at the forefront of the industry thanks to its decarbonised energy products and its active contribution to the energy transition process.
“Eni’s strategy in the renewable energy sector aims at reaching a balanced and diversified global portfolio of over 3 GW of installed wind and solar power by 2023 and of 5 GW by 2025.”
Additionally, the solar project will offset approximately 370,000 tonnes of CO2 emissions annually over the service life of the plant, contributing to the decarbonisation goals of the country’s Integrated National Plan for Energy and Climate.
In June, Eni acquired three wind projects in Italy with a peak capacity of 35.2MW for an undisclosed amount.
The acquisition included the CDGB Enrico, CDGB Laerte and Wind Park Laterza wind farms.