Italian energy company Eni is teaming up with Mainstream Renewable Power to develop renewables projects around the world, including offshore wind in the UK.
The partners plan to participate in the UK’s round four offshore wind leasing competition, as well as look at clean power project development in Africa and south-east Asia.
Mainstream group chief executive Andy Kinsella said: “We are delighted to announce this co-operation agreement with Eni.
“Our joint participation in the UK’s offshore round four will combine our leadership position, expertise and unrivalled track record in the global offshore wind sector, with Eni’s pre-eminence and experience in offshore energy infrastructure, its commitment to decarbonise the energy system, as well as its robust balance sheet, in what is a capital-intensive business.”
Eni executive vice president of energy solutions department Luca Cosentino said: “Eni’s commitment towards renewable projects development is one of the main pillars of the company’s decarbonisation strategy, which also includes the reduction of direct GHG emissions in all its activities, a low-cost and low-carbon portfolio, and investments in R&D.
“In line with these key drivers, Eni has defined an integrated business model, which draws on specific areas of expertise and competitive advantages such as Eni’s technical competences and global presence.
“We believe that this new partnership with Mainstream will bring additional value to our renewable business especially in the area of offshore wind.”
Eni is developing renewable energies projects globally, with the aim of installing 1.6GW of new solar, wind and storage capacity by 2022 and 5GW by 2025.