Eni and Mainstream Renewable Power ("Mainstream"), a company for wind and solar energy, have signed a cooperation agreement to develop projects from renewable sources on a large scale, targeting strategic markets with high growth potential.
By signing this agreement, Eni and Mainstream will focus on the possibility of producing energy from renewable sources in different geographical areas in Africa, in south-east Asia, and with an initial focus in the United Kingdom.
Luca Cosentino, Eni's Energy Solutions Director: "Eni's commitment to renewable projects is one of the fundamental pillars of the company's decarbonisation strategy that also includes the reduction of direct GHG emissions in all its activities, a portfolio low-cost e low-carbon, and investments in research and development. In line with these key factors, Eni has defined an integrated business model based on specific skills and competitive advantages, such as technical capabilities and the global presence of the company. We believe that this new partnership with Mainstream will bring further value to our renewable energy business, especially in offshore wind ”.
Andy Kinsella, Managing Director of the Mainstream group, commented: "We are pleased to announce this cooperation agreement with Eni. Our partnership inOffshore Round 4, United Kingdom, joins ours leadership, the experience and the important results in the offshore wind sector, with Eni's primacy and expertise in offshore infrastructures, as well as its commitment to decarbonisation and its solid balance sheet to be able to operate in the offshore wind business, an activity dedicated to capital intensive. "
" mission Mainstream is to accelerate the global energy transition, we believe that large energy companies should have a fundamental role in this change. In line with the European objective that aims to achieve "Net Zero " by the 2050, offshore wind energy will play a central role in decarbonisation ".
Eni is developing projects "brownfield"and "greenfield"For the production of energy from renewable sources on a global scale, with the aim of installing new solar, wind and storage plants for a total capacity of 1,6 GW by 2022 and 5 GW by 2025. The commitment of In the renewable energy sector, Eni integrates with traditional businesses, the company aims to expand the value chain and invest in existing synergies between the various business lines. This strategy allows Eni to continue the decarbonisation process, while at the same time creating long-term value for its stakeholders.
Mainstream has developed, authorized and taken to the stageready to build'35% of UK offshore wind capacity in the 2020; including the Hornsea wind farms from 3.000 MW, and Neart na Gaoithe (NNG), wind farm from 450 MW in Scotland.
The Hornsea offshore wind farm, which Mainstream sold to Orsted in the 2016, is the largest offshore wind farm in the world. Midstream has sold NNG to EDF Renewables in the 2017. The company is also developing an offshore wind plant from 800 MW in Vietnam, Phu Cuong Soc Trang, and has pre-qualified for the tender for an offshore 1.000 MW plant in Gujarat, India. In Chile the company owns assets for the production of 1,3 GW, between wind and solar, which will be operational from the 2021.
In Africa, Mainstream has built 600 MW of wind and solar activities up to commercial operations and currently has 250 MW of wind farms under construction in South Africa. Always in Africa, through his joint Venture Lekela Power, has 410 MW wind farms under construction in Senegal and Egypt.