By Giulia Petroni
Eni SpA said Monday that it has signed an agreement with investment manager Azora Capital to acquire a 1.2-gigawatt portfolio of nine renewable-energy projects in Spain.
The Italian oil-and-gas major said the portfolio includes four wind farms for a total capacity of 230 megawatts and five solar projects for around 1 gigawatt. Plants that are still under development are expected to enter into production by 2024.
Eni signed the agreement through its subsidiary Eni gas e luce, which is present in Spain through Aldro Energia Y Soluciones SL.
Financial details of the deal weren't disclosed.
Write to Giulia Petroni at email@example.com
(END) Dow Jones Newswires