Italian co eyes India’s green energy space
POWER & RENEWABLE ENERGY

Italian co eyes India’s green energy space

Consolidating the growing focus of global super energy players on India's green economy, Italy's Eni SpA is exploring the possibility of participating in the world's largest clean energy programme, said sources.

Eni SpA is planning for gigawatt (GW)-scale investments in India and plans to reach 55GW installed capacity globally by 2050. The firm is studying the build quality of projects, player profiles, and India's market.

Oil giants aim to diversify and invest in India's clean energy programme as the conventional hydrocarbon space undergoes technological disruptions. With a focus on environmental, social and governance (ESG) investment, marquee global oil and gas firms, such as French energy giant Total SE, and Malaysia's state-run oil and gas company Petroliam Nasional Bhd (Petronas), have already invested in India. Thailand's PTT Group is looking to acquire a stake in ReNew Power from Goldman Sachs Group.

Eni SpA is firming up its India playbook at a time when recently sworn-in US President Joe Biden promised a "clean energy revolution", by recommitting to the Paris Agreement on the first day of his administration.

About Eni SpA
Eni SpA is an Italian multinational oil and gas company headquartered in Rome. Considered one of the seven "Supermajor" oil companies in the world it has operations in 66 countries and had registered hydrocarbon production of 1.871 million barrels of oil equivalent per day (mboed) in 2019.

Consolidating the growing focus of global super energy players on India's green economy, Italy's Eni SpA is exploring the possibility of participating in the world's largest clean energy programme, said sources.Eni SpA is planning for gigawatt (GW)-scale investments in India and plans to reach 55GW installed capacity globally by 2050. The firm is studying the build quality of projects, player profiles, and India's market. Oil giants aim to diversify and invest in India's clean energy programme as the conventional hydrocarbon space undergoes technological disruptions. With a focus on environmental, social and governance (ESG) investment, marquee global oil and gas firms, such as French energy giant Total SE, and Malaysia's state-run oil and gas company Petroliam Nasional Bhd (Petronas), have already invested in India. Thailand's PTT Group is looking to acquire a stake in ReNew Power from Goldman Sachs Group. Eni SpA is firming up its India playbook at a time when recently sworn-in US President Joe Biden promised a clean energy revolution, by recommitting to the Paris Agreement on the first day of his administration. About Eni SpA Eni SpA is an Italian multinational oil and gas company headquartered in Rome. Considered one of the seven Supermajor oil companies in the world it has operations in 66 countries and had registered hydrocarbon production of 1.871 million barrels of oil equivalent per day (mboed) in 2019.

Next Story
Infrastructure Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?