Oil group Eni and Italian state lender Cassa Depositi e Prestiti (CDP) have created a joint venture (JV) that will invest more than €800 million in Italy’s renewables sector by 2025.
Italian oil major Eni has bolstered its exposure to clean energy in the US after its Falck Renewables-led joint venture acquired project developer Building Energy US.
Crash of crude prices as virus tightens global grip may create challenges for firms relying on oil revenues as they finance a shift to green energy, IEA warns.
Italian giant's new climate strategy leans heavily on dramatic renewables ramp-up and on company reaching peak oil and gas production within five years.
