Deals Counterparts

Plenitude develops 23 MW solar plant in Assemini, Sardinia, Italy

Development Solar announced Italy Jan 1, 2018
23 MW
Capacity

Plenitude completed a 23 MW ground-mounted solar photovoltaic (PV) plant in Assemini, Sardinia, Italy, now connected to the national grid. This project expands Plenitude's operational renewable energy portfolio in a strategic Mediterranean market, supporting Italy's decarbonization targets.

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Deal Analysis

Plenitude has successfully brought online a 23 MW ground-mounted solar photovoltaic plant in Assemini, Sardinia, Italy, now connected to the national grid. This operational asset directly expands Plenitude's renewable energy portfolio within a strategic Mediterranean market. The project, initially announced in 2018, demonstrates Plenitude's long-term commitment to developing domestic generation capacity. Integrating this 23 MW facility into Italy's grid advances the nation's decarbonization objectives. Plenitude benefits from adding a new revenue-generating asset in Italy, aligning with its broader integrated energy solutions strategy for millions of customers across Europe. The completion of this 23 MW solar project in Sardinia provides Plenitude with a tangible asset for its retail and business customer base. As Eni's retail and renewables arm, Eni Plenitude targets 11.5 GW of installed renewable capacity by 2025. This 23 MW solar plant directly contributes to that ambitious 2025 target. Eni Plenitude serves over 10 million retail energy customers across Europe, making integrated renewable generation crucial for its business model. The company's strategy involves integrating renewable generation with its electricity and gas supply to residential and business customers. This 23 MW addition in Italy supports the company's goal of providing integrated energy solutions to millions of customers. The operational facility in Sardinia reinforces Italy's efforts towards decarbonization, a key driver for renewable investment in the Mediterranean region.
  • Plenitude completed a 23 MW ground-mounted solar PV plant in Assemini, Sardinia, Italy.
  • The project was initially announced in 2018, indicating a multi-year development cycle.
  • Plenitude, an Eni company, is Eni's retail and renewables arm.
  • Eni Plenitude targets 11.5 GW of installed renewable capacity by 2025.
  • The company serves over 10 million retail energy customers across Europe.
  • Deal value for the 23 MW development was not disclosed.

Timeline

Announced
Jan 1, 2018
Signed
Closed

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