Eni acquires Greek solar developer

• Solar Konzept Greece is the proprietor of a 800MW portfolio of projects at numerous stages of growth

Eni, through its subsidiary Eni gas e luce, has actually acquired the business Solar Konzept Greece from Solar Konzept International.

Solar Knozept global is based in Hamburg, Germany and also is majority possessed by Aquila Capital.

Solar Konzept Greece is the owner of a photovoltaic plants' development platform in Greece as well as has a 800MW portfolio that consists of a pipe of projects at various stages of advancement.

Eni claimed that these projects will certainly form the basis for further developments in the country.

Eni gas e luce has been operating in the Greek retail energy market given that 2000 and also currently has around 500,000 consumers.

The deal notes the developer's entry right into the Greek renewable electrical power generation market as well as becomes part of its plan to expand renewable capacity along with vertically integrated tasks in the power retail company, Eni said.

This purchase is straightened to Eni's more comprehensive mission to become a leader in the production as well as sale of decarbonised products, the company included.

Since completion of 2021, Eni gas e luce has a 1.2 GW portfolio of renewable capacity in operation, with a target to mount over 6GW by 2025 and also over 15GW by 2030.