Eni, HitecVision Create Joint Venture for Renewable-Energy Projects in Norway
11 November 2020 - 9:29AM
Dow Jones News
By Giulia Petroni
Eni SpA said Wednesday that it has created a joint venture with
Norwegian energy investor HitecVision A/S in order to develop
green-energy projects in Norway.
The Italian energy company said the JV, called 'Vargronn', will
focus on opportunities in the offshore wind sector, as it targets
an installed capacity of 1 gigawatt towards 2030 in the region.
Eni will hold 69.6% of the new company, while HitecVision
30.4%.
"This new joint venture is part of Eni's overall strategy for
decarbonisation and contributes to the progression of our
transformation path towards green energy and the circular economy,"
the Italian company said.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
November 11, 2020 03:14 ET (08:14 GMT)
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