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Italy's Eni buys 33.7-MWp solar project in Australia

Solar panels. Source: Eni SpA (www.eni.com).

February 6 (Renewables Now) - The Australian unit of Italian oil and gas major Eni SpA (BIT:ENI) has acquired a 33.7-MWp solar photovoltaic (PV) project near Katherine in the Northern Territory.

Eni Australia Ltd has bought the asset from Katherine Solar Pty Ltd, which is a joint venture between Australia’s Epuron and UK-based Island Green Power. The value of the transaction was not disclosed.

The plant is expected to enter the construction phase in the next few weeks and become operational in the fourth quarter of the year. It will be coupled with a 5.7-MVA/2.9-MWh battery storage system.

Upon completion, the solar park will help eliminate about 63,000 tonnes of carbon dioxide (CO2) emissions per year. Epuron will have an active role in managing the facility.

While Eni has been present in Australia since 2000, this is its first renewable energy asset in the country, the company noted.

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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