Deals Counterparts

Eni Spa

company 1 Deal 3 Partners

Eni Spa is an integrated energy company undergoing a significant energy transition, diversifying from its core oil and gas business into renewable energy, sustainable mobility, circular economy, and carbon capture technologies. It focuses on developing and operating assets across the energy value chain, with a strategic emphasis on decarbonization and energy security.

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Founded 1953 31,230 employees
Oil & Gas MajorDeveloperOperatorInvestorEPC ContractorOfftaker

Strategic Overview

  • Eni is committed to achieving carbon neutrality by 2050, with significant investments in renewable energy, biofuels, hydrogen, and CCUS.
  • The company is leveraging its existing industrial assets and expertise to develop new energy transition solutions, such as converting traditional refineries into biorefineries.
  • Eni's strategy includes expanding its retail energy and mobility solutions through Plenitude and Eni Sustainable Mobility, integrating renewable generation with customer supply.

Deal Activity from Public Sources

Eni completes acquisition of Neptune Energy, significantly expanding its gas portfolio and presence in key regions.
Acquisition Oil & Gas Global January 2024 with Neptune Energy
Plenitude (Eni) acquires a 100% stake in a portfolio of 13 solar plants in Spain.
Acquisition Solar PV Spain December 2023 145 MW
Plenitude (Eni) acquires a 100% stake in a portfolio of 12 solar plants in Italy.
Acquisition Solar PV Italy November 2023 112 MW
Plenitude (Eni) acquires a 100% stake in a portfolio of 12 solar plants in the United States.
Acquisition Solar PV United States October 2023 240 MW
Eni and Snam establish a joint venture for Italy's first offshore carbon capture and storage (CCS) project in Ravenna.
Joint Venture Carbon Capture, Utilization And Storage (CCUS) Italy January 2023 with Snam

Investment Focus

Technologies
EV Charging1
Geography
Italy1

Key People

Claudio Descalzi
Chief Executive Officer
Giuseppe Ricci
Chief Operating Officer, Energy Evolution
Francesco Gattei
Chief Financial Officer

Track Record

71
Years Active
Notable projects: Ravenna CCUS Project (Italy), HyNet North West CCUS Project (UK), Various Plenitude solar and wind farms globally, Gela and Porto Marghera Biorefineries (Italy)

Detailed Analysis

Technologies
Oil & GasSolar PVOnshore WindOffshore WindBiofuelsBiogasGreen HydrogenCarbon Capture, Utilization and Storage (CCUS)EV ChargingWaste-to-Energy
Sectors
UtilitiesEnergy TransitionDigital/Telecom
Geographies
ItalyUnited KingdomNorwaySpainUnited StatesEgyptAlgeriaLibyaAngolaCongo
Deal Stage
GreenfieldBrownfieldOperating

Subsidiaries

PlenitudeVersalisEni Sustainable MobilityEni RewindEni gas e luce
Track Eni Spa