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Eni confirms 50-MWp Kazakh solar award, sees completion in H2 2021

Source: EBRD (www.ebrd.com)

December 3 (Renewables Now) - Italian oil and gas major Eni SpA (BIT:ENI) on Monday confirmed it has won a 50-MWp solar photovoltaic (PV) project in Kazakhstan and said it plans to complete it in the second half of 2021.

Eni took part in a tender held by JSC Kazakhstan Electricity and Power Market Operator (KOREM), which unveiled last Wednesday that the Italian group's local unit ArmWind LLP had made a record-low bid of KZT 12.49 (USD 0.032/EUR 0.029) per kWh.

Located in the region of Turkestan, in southern Kazakhstan, the awarded PV project is Eni's first in the local solar sector. Upon completion, the solar power facility should be able to offset 1.2 million tonnes of carbon dioxide (CO2) equivalent during its lifetime, the company said in a statement.

The project aligns with Eni's overall strategy for decarbonisation and its move towards green energy and circular economy that began in 2014, it pointed out.

Back in September 2019, Eni's joint venture (JV) with General Electric (NYSE:GE) was awarded a 48-MW expansion of the 48-MW Badamsha 1 wind park, currently under construction in the region of Aktobe, in western Kazakhstan.

(KZT 100 = USD 0.259/EUR 0.236)

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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