Eni’s Plenitude buys 81 MW solar farm in Texas

Dec. 29 (Renewables Now) — Plenitude, the power transmission arm of Italian oil and gas company Eni SpA (BIT:ENI), has acquired an 81 MW solar fleet in Texas from Hanwha Qcells USA Corp, the US subsidiary of South Korea’s Hanwha. Group.

The Kellam Photovoltaic Power Plant is located in North Texas and has been operating since the end of 2020.

According to today’s announcement, the acquisition will expand Plenitude’s presence in Texas and the US market, bringing US installed capacity to 878 MW. The station will sell its generation to a local power company.

Plenitude CEO Stefano Goberti said the deal is “[…] will contribute to Eni’s energy transition process and Plenitude’s ambitious goals of achieving carbon neutrality by 2040 and supplying 100% decarbonized energy to all of its customers.” Plenitude aims to have over 6 GW installed capacity worldwide by 2025.

The deal involved Novis Renewables LLC, a partnership between Plenitude’s US subsidiary Eni New Energy US Inc and Renantis North America Inc.

Select a newsletter from Renewables Now. Join for free!