Eni SpA mentioned Tuesday it has entered into an settlement to purchase a portfolio of already operational renewable vitality tasks totaling about 760 megawatts throughout France from Neoen.
The transaction entails the switch of 37 photo voltaic vegetation, 14 wind farms and one battery vitality storage to Eni’s renewables arm Plenitude. The services produce round 1.1 terawatt hours of energy yearly, Italy’s state-backed Eni mentioned in a press launch.
“The transaction represents one of many largest renewable vitality offers accomplished within the French market in recent times and considerably contributes to Plenitude’s 2025 put in capability targets”, Eni mentioned. The events haven’t disclosed the transaction worth.
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Eni goals to succeed in over 5.5 gigawatts (GW) of put in renewable technology capability this 12 months, towards 10 GW by 2028 and 15 GW by 2030, in line with a plan it introduced February. As of the third quarter of 2025, it had 4.8 GW of put in renewable capability, in line with its quarterly report October 24.
Eni plans to combine the Neoen belongings with its present belongings to “allow optimized operations and synergies”, Tuesday’s assertion mentioned.
“The acquisition expands our presence in France, the place we already serve round a million retail clients and the place we’re rising in each vitality options and e-mobility markets”, mentioned Plenitude chief government Stefano Goberti. “By this operation, we strengthen our built-in enterprise mannequin and speed up progress towards reaching our strategic aims”.
Plenitude presently serves 10 million households and companies throughout Europe, and goals to have over 11 million clients by 2028 and 15 million by 2030, Eni mentioned.
Paris-based Neoen mentioned individually it will “proceed to handle the vegetation for some years by way of the supply of asset administration providers to Plenitude”.
Neoen mentioned it will retain 1.1 GW of belongings in operation or below development in France together with 754 MW of photo voltaic, 307 MW of onshore wind and 115 MW/213 MW hours of battery storage. “The corporate additionally has a major pipeline of tasks in improvement all through France”, Neoen mentioned.
“By unlocking capital for re-investment, this transaction will contribute considerably to the accelerated tempo of Neoen’s development, together with the financing of recent belongings and the pioneering of progressive vitality options”, it mentioned.
To contact the creator, e-mail jov.onsat@rigzone.com
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