Eni’s Plenitude Launches 400 MW Solar Capacity in Spain

• Eni’s Plenitude powers forward in Spain with 400 MW of new solar parks, eyeing 8 GW by 2027. A vibrant leap towards a sustainable future!

Eni’s renewable energy platform, Plenitude, has successfully launched 400 MW of new solar parks in Spain, raising its total installed renewable capacity in the country to nearly 950 MW. This expansion, which has more than doubled Plenitude’s solar and wind assets in Spain since 2023, contributes to the company's goal of achieving 4 GW of global renewable energy capacity by the end of 2024. Key installations include the 150-MW Caparacena PV complex in Granada, integrated with a new 400-kV substation to link to the national grid.

Mariangiola Mollicone, head of Western Europe Renewables at Plenitude, emphasized Spain's importance in their expansion strategy. Looking ahead, Plenitude aims for 8 GW of installed renewables by 2027, with nearly 820 MW of projects currently under construction in Spain set for completion between 2025 and 2026.

How does Plenitude's expansion in Spain support its global renewable energy goals?

Here are some additional insights on how Plenitude's expansion in Spain supports its global renewable energy goals:

• Strategic Geographic Location: Spain's sunny climate and favorable government policies make it an ideal location for solar energy projects, allowing Plenitude to maximize energy generation and optimize operational efficiency.
• Diversification of Energy Portfolio: By expanding its solar and wind assets in Spain, Plenitude diversifies its energy portfolio, mitigating risks associated with reliance on any single energy source and enhancing its resilience in the global energy market.
• Scalability of Projects: The recent expansion supports Plenitude’s objective of scalable energy solutions, with the newly developed solar parks designed to be adaptable to future technological upgrades or expansions, ensuring long-term viability.
• Enhanced Grid Connectivity: The integration of the Caparacena PV complex with a new 400-kV substation improves grid connectivity, facilitating better energy distribution across Spain. This strengthens Plenitude’s operational capabilities and supports its plans for sustained energy delivery.
• Investment in Infrastructure: The expansion necessitates significant investment in both physical and technical infrastructure, which contributes to local economies and job creation, aligning with broader sustainability and community engagement goals.
• Industry Leadership and Innovation: By achieving rapid growth in renewable installations, Plenitude positions itself as a leader in the sector, driving innovation in renewable technologies and inspiring other companies to accelerate their clean energy investments.
• Alignment with Global Targets: The expansion aligns with global efforts to reduce carbon emissions and combat climate change, contributing to international agreements and pledges for a sustainable future, which enhances Plenitude's corporate social responsibility credentials.
• Future Project Pipeline: The ongoing projects set to be completed in the near term indicate a robust project pipeline, essential for reaching the ambitious target of 8 GW by 2027, signifying Plenitude's long-term commitment to renewable energy growth.
• Collaborative Opportunities: Expanding in Spain opens doors for potential partnerships with local governments, NGOs, and other renewable energy firms, fostering collaborative initiatives that could further enhance the scale and impact of renewable projects.

By focusing on these aspects, Plenitude's expansion in Spain not only contributes to its immediate goals but also plays a crucial role in advancing its vision for a sustainable, renewable energy future on a global scale.