Eni's Plenitude switches on 104.5-MW wind farm in Spain

Plenitude, the energy transition business of Italian oil and gas company Eni SpA (BIT:ENI), has brought online a 104.5-MW wind farm in the Spanish region Castilla La Mancha, the parent company said on Monday.

The El Monte wind park was officially opened with a ribbon-cutting ceremony attended by government officials and local authorities. The project was realised together with Azora Capital, Plenitude's development partner in Spain.

Powered by 19 units of General Electric’s Cypress platform turbines, of 5.5 MW each, the plant is expected to generate about 300 GWh of electricity annually. Its output will be enough to cover the consumption of around 100,000 local homes.

Plenitude integrates Eni’s renewable power production, sale of electricity, gas and energy services and runs its network of electric vehicle (EV) charging points. Eni unveiled plans to launch an initial public offering (IPO) for the business on Euronext Milan in June. However, the initiative was postponed later in the same month due to the deteriorated market conditions.

The Plenitude platform aims to have more than 2 GW of installed renewable energy assets by the end of this year. Its fleet will be later expanded to reach over 6 GW by 2025 and 15 GW by 2030.

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