The onshore wind energy project portfolio consisting of 13 wind farms with a total installed capacity of 315 MW in Italy and Sicily was purchased by Eni.

While Italian oil and gas giant Eni is investing in wind energy, an agreement has been reached on the sale of one of Italy’s largest onshore wind project portfolios. It is predicted that the power plants, consisting of 256 wind turbines in total, will meet the energy needs of approximately 200,000 households.

‘Eni’ Acquired 13 Wind Farm Portfolio in Italy | Devamı>>>

European oil majors have increased their ambitions to tackle climate change markedly in the last six months, with Total, Shell, BP, Repsol and Eni all having made commitments to significantly reduce the carbon intensity of the energy they supply.

The moves, encouraged by pressure from investors and consumers, mark a significant departure from their North American peers and the difference in approach seems likely to intensify in years to come. However, their claims to be aligned with the net zero targets that many countries are introducing are overstated, a new report claims.

Europe’s Oil Majors Start Embrace Alternative Energy And Climate Targets | Devamı>>>

Italian oil and gas major Eni SpA (BIT:ENI) said today it has initiated construction work on two solar projects in Pakistan and Tunisia with respective power generation capacities of 10 MWp and 5 MWp.

Eni noted that both projects will support upstream operations by delivering green energy with an off-grid set up.

In Pakistan, the company is building а photovoltaic (PV) plant in close proximity to the Bhit gas field of which Eni New Energy Pakistan is the operator with a 40% stake.

Eni Building Solar Parks at Oil and Gas Fields in Pakistan, Tunisia | Devamı>>>

Oil and gas companies are facing competition from renewable energy and electric vehicles, a global campaign against the use of plastics and increasingly stringent climate targets. In the face of these challenges, shareholders want them to prioritize returns to investors rather than endless growth.

Most oil and gas companies are jeopardizing shareholder returns  by rewarding bosses for endlessly chasing growth in a world where pressure to meet climate targets and sharp falls in renewables costs are set to eat into future demand , finds a report from The Carbon Tracker Initiative, a not-for-profit financial think tank that seeks to promote a climate-secure global energy market by aligning capital markets with climate reality.

Oil And Gas Investors Tell Producers To Focus On Returns | Devamı>>>