Eni signed an agreement to purchase 100% of a portfolio of 13 wind farms onshore in Italy, with one total capacity of 315 MW already in operation. In all, there are 256 wind turbines that entered into operation between 2009 and 2016 and are scattered across Sicily, Puglia, Basilicata and Abruzzo.
The operation also includes the acquisition of personnel who will ensure continuity in the management of the plants and the further development of the portfolio.
Together with the 35 MW already under construction in Puglia, Eni thus reaches 350 MW of wind capacity installed in Italy, becoming one of the main operators in the country.
The operation is part of the broader integration strategy between renewable electricity generation capacity and Eni's gas and electricity customer base.
The 13 wind farms will be able to cover the needs of around 200 Italian families.
“This operation – commented the CEO of Eni, Claudio Descalzi – represents an important step forward in our growth in renewable energy which will lead us to reach 4 GW of installed capacity in 2024, to then reach 15 GW in 2030 and to 60 GW in 2050 as envisaged by our strategy”.
Francesco Cacciabue, Partner and CFO of Glennmont Partners, commented: “This transaction represents the latest milestone of the Clean Energy Fund Europe II and underlines the validity of our divestment strategy aimed at guaranteeing stable and predictable returns for our investors” .
The sale will close upon completion of the lenders' change-of-control process.
For this transaction, Eni was supported by BNP Paribas as exclusive financial advisor and by Chiomenti as legal advisor.
At the end of the morning, Eni's share on the Stock Exchange gained 0,77%, to 10,04 euros. In the same minutes, the Ftse Mib travels up by 1,17%.
Glennmont was assisted in the transaction by Rothschild and L&B Partners.
