Eni, Plenitude acquires 81 MW photovoltaic plant in Texas

Plenitude Eni SP assigns a preliminary rating of BBB with

(Finance) – Plenitude, through its US subsidiary Eni New Energy US, has acquired the 81 MW Kellam photovoltaic plant located in northern Texas, 50 miles from the Dallas Fort Worth metro complex. The plant, sold by Hanwha Qcells USA, adds to the other assets in Texas and the rest of the United States in Plenitude’s portfolio, which with this transaction reaches an installed capacity of 878 MW in the US market. Hanwha Qcells USA Corp. is the US subsidiary of the Korean group Hanwha.

The operation – explains a note – was carried out with the support of Novis Renewables, LLC, the partnership between Eni New Energy US, Inc. and Renantis North America, Inc., exclusive to the United States and dedicated to the development of solar projects , wind and storage. The plant is built on over 150 hectares of land and the energy produced will be sold to a local electricity company.

Plenitude is the Benefit company of Eni which integrates the production of energy from 100% renewable sources, the sale of energy services and a large network of charging points for electric vehicles. The company currently supplies energy to around 10 million European customers in the retail market with the aim of reaching more than 11 million customers by 2025 and installing over 30,000 charging points for electric mobility. The Company also plans to exceed 15 GW of installed capacity by 2030 and achieve carbon neutrality by 2040.

This transaction represents an important step forward for the Company’s consolidation in the Texan energy market and American contributing to the energy transition path undertaken by Eni and to the ambitious goals of Plenitude to achieve carbon neutrality by 2040 and to supply 100% decarbonised energy to all its customers – declared Stefano Goberti, Chief Executive Officer of Plenitude -. The development of energy production from renewable sources is fundamental to Plenitude’s growth strategy, which aims to reach over 6 GW of installed capacity worldwide by 2025″.

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