Eni Invests in Solar Projects in Australia
October 03 2019 - 6:19AM
Dow Jones News
By Giulia Petroni
Eni SpA's (ENI.MI) subsidiary Eni Australia Ltd. has acquired
two solar photovoltaic projects in the country's Northern Territory
from NT Solar Investments Pty Ltd., itself a subsidiary of Tetria
Energy.
The projects will be completed by the third quarter of 2020, Eni
said Thursday.
State-owned Jacana Energy will purchase 100% of the output of
the new plants, which will supply over 5,000 homes yearly, Eni
said.
The initiative will contribute to meeting the region's goal to
provide 50% of energy generation from renewable sources by
2030.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
October 03, 2019 06:04 ET (10:04 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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