Eni buys 25 MWp of shovel-ready solar projects in Australia
Solar panels. Source: Eni SpA (www.eni.com).
Italian oil and gas major Eni SpA (BIT:ENI) has acquired a portfolio of ready-to-build solar projects totalling 25 MWp in Australia’s Northern Territory.
The deal was carried out through the company’s Australian unit, Eni said on Thursday without disclosing the value of the purchase. Eni Australia Ltd has acquired the assets from NT Solar Investments Pty Ltd, which is a subsidiary of Australia’s Tetris Energy.
The portfolio includes two photovoltaic (PV) projects of 12.5-MWp each, to be installed at Batchelor and Manton Dam, respectively. Both of them are planned to become operational by the third quarter of next year. Their output, estimated to be enough to supply over 5,000 homes per year, will be bought by state-owned utility Jacana Energy.
The implementation of the two projects will support the Northern Territory in reaching its 50% renewables goal by 2030, Eni noted. The Italian group in February made its first renewables acquisition in Australia through the acquisition of a 33.7-MWp solar project near Katherine, also in the Northern Territory.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.