Renewable

January 13 (Renewables Now) - Italian oil and gas company Eni SpA (BIT:ENI) has acquired Solar Konzept Greece (SKGR), a company with a PV development platform and a pipeline of roughly 800 MW of solar projects at various stages of development in Greece.

SKGR was purchased from Solar Konzept International, which is majority-owned by German investment management firm Aquila Capital.

The transaction was carried out through the Italian firm’s utility business Eni Gas e Luce and marks its entry into the Greek renewable power generation market, Eni said today.

Eni Gas e Luce already operates as an energy retailer in Greece. The acquisition of SKGR's projects will form the basis for further development in the country and support Eni's plan to grow capacity alongside its vertically integrated activities, the group added.

Financial and other details were not disclosed.

Eni Gas e Luce, which will operate under the Plenitude brand this year, has 1.2 GW of operational renewable capacity, as of the end of 2021. The firm has set the target to install over 6 GW by 2025 and over 15 GW by 2030.