Eni Enters Greek PV Market and Acquires Solar Konzept Greece

Eni, through Eni gas e luce, which will become Plenitude this year, has acquired the Greek company Solar Konzept Greece (SKGR) from Solar Konzept International which is majority owned by Aquila Capital, a sustainable investment and asset development company, based in Hamburg, Germany. SKGR owns a photovoltaic plants’ development platform in Greece. SKGR’s portfolio includes a pipeline of projects at various stages of development, totalling around 800 MW. These projects form the basis for further development in the country.

Eni gas e luce has been operating in the Greek retail energy market since 2000 and now has around 500,000 customers. The deal marks Eni’s entry into the Greek renewable electricity generation market and is part of its plan to grow renewable capacity together with vertically integrated activities in the power retail business. This transaction is aligned to the company’s broader mission to become a leader in the production and sale of decarbonised products.

As of the end of 2021, Eni gas e luce has a 1.2 GW portfolio of renewable capacity in operation, with a target to install over 6 GW by 2025 and over 15 GW by 2030.

 

About SKGR ENERGY

SKGR ENERGY was established in 2018 with a primary aim and strategic goal the development of new photovoltaic projects throughout Greece, taking into consideration and evaluating the developments in the Greek RES market.

SKGR ENERGY is a subsidiary of solar-konzept International. The company over the years has accumulated substantial knowledge on the technical and licensing features of RES projects and along with the rich experience of its executives and associates, in the complex process of design, evaluation, licensing, construction and operation of power generation projects from RES, has developed a significant pipeline of projects in the markets of Germany, the Netherlands and Italy.

Since its creation in 2003, solar-konzept has developed and constructed photovoltaic projects of over 150 MWp, which meet the most demanding manufacturing specifications, offering quality and power performance in line with the project’s financial projections.