Eni JV GreenIT has acquired the entire portfolio of Fortore Energia Group, consisting of four onshore wind farms operating in Italy with a total capacity of 110MW.
The transaction involves 55 turbines located in Puglia, in an area with high wind speeds and repowering potential.
The wind farms have an average operating time of over 2000 equivalent hours, with a production of over 230 gigawatt-hours a year.
They are expected to prevent emissions of around 100,000 tonnes/year of carbon dioxide.
The remaining incentivised life of the plants, which came into operation between 2008 and 2013, is five years.
Therefore all preparatory activities for repowering will be launched, with the aim of increasing installed capacity and productivity, while also taking advantage of technological improvements to make better use of the local area.
The transaction is part of the JV between Eni gas e luce – Plenitude and Cdp Equity, mission to to support the Italy’s energy transition in line with the objectives of the 2030 National Integrated Energy and Climate Plan.
The JV intends to develop and build Greenfield plants by developing the real estate assets belonging to the CDP Group and the Public Administration.