Eni and Falck Renewables sign strategic agreement for joint development of new renewable projects in United States

Eni acquires 49% of Falck Renewables’ US operating assets

Eni and Falck Renewables have signed a strategic agreement for the joint development of renewable energy projects in the United States. The agreement involves the creation of a venture owned 50% by Eni New Energy US Inc. and 50% by Falck Renewables North America Inc. for the development, construction and financing of new solar photovoltaics, wind onshore and energy storage projects. Under the terms of the agreement, FRNA will simultaneously sell ENE US 49% of its ownership interests in the plants currently in operation in the United States.