Plenitude acquires an 81 MW photovoltaic plant in Texas

Plenitude, through its US subsidiary Eni New Energy US, Inc. has acquired the 81 MW Kellam photovoltaic plant, located in northern Texas, 80 km from the Dallas Fort Worth metropolitan complex. The plant, sold by Hanwha Qcells USA Corp., adds to the other assets in Texas and the rest of the United States in Plenitude's portfolio, which with this transaction reaches an installed capacity of 878 MW in the US market.

Hanwha Qcells USA Corp. is the US subsidiary of the Korean group Hanwha.

The transaction was carried out with the support of Novis Renewables, LLC, the partnership between Eni New Energy US, Inc. and Renantis North America, Inc., exclusive to the United States and dedicated to the development of solar, wind and storage projects .

The plant is built on over 150 hectares of land and the energy produced will be sold to a local electricity company.

Stefano Goberti, Chief Executive Officer of Plenitude, said: “This transaction represents an important step forward for the consolidation of the Company in the Texan and US energy market, contributing to the energy transition path undertaken by Eni and to Plenitude's ambitious goals of achieving carbon neutrality. by 2040 and to supply 100% decarbonised energy to all its customers. The development of energy production from renewable sources is fundamental to Plenitude's growth strategy, which aims to reach over 6 GW of installed capacity worldwide by 2025”.

Plenitude is Eni's Benefit Corporation which integrates the production of energy from 100% renewable sources, the sale of energy services and a large network of recharging points for electric vehicles. The company currently supplies energy to around 10 million European customers in the retail market with the aim of reaching more than 2025 million customers by 11 and installing over 30.000 charging points for electric mobility. The Company also plans to exceed 15 GW of installed capacity by 2030 and achieve carbon neutrality by 2040.

Plenitude acquires an 81 MW photovoltaic plant in Texas

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