Eni sets sights on Polish offshore wind business ✔️ Stratford Management Tokyo Japan

December 15, 2021
Posted by: Stratford Team
Category: Business

Eni’s logo is seen in front of its headquarters in San Donato Milanese, near Milan, Italy, April 27, 2016. REUTERS/Stefano Rellandini/File Photo

MILAN, Dec 15 (Reuters) – Italian energy group Eni (ENI.MI) has extended an agreement with investment fund Copenhagen Infrastructure Partners (CIP) to develop offshore wind in Poland, the companies said.

In a joint statement on Wednesday, Eni and CIP said they would apply for seabed permits to take part in auctions Poland is planning as part of its plans to develop offshore wind capacity of more than 10 gigawatts (GW) by 2030.

The contract-for-difference auctions are expected to be in 2025 and 2027.

Eni is looking to build out its wind and solar power business as part of plans to shift away from oil and gas. It is planning to list a minority stake in its renewables and retail unit next year to…