BAKU, Azerbaijan, Feb.23. Italy-based Eni has increased energy generation from renewables by 182 GWh y-o-y, bringing it to 652 GWh in Q4 2022, Trend reports with reference to the company.
The growth was driven by the acquired assets in operation. Eni’s installed capacity from renewables doubled year-on-year, standing at 2.2 GW as of December 31, 2022. The growth was driven by the launch of the Brazoria photovoltaic plant in the US, the Cerillares photovoltaic plant in Spain and the Badamsha 2 onshore wind plant in Kazakhstan, as well as the acquisition of Fortore Energia and PLT in Italy, the Corazon photovoltaic plant in the US and Cuevas assets in Spain.
This is while Eni reduced power sales in the open market by 34 percent year-on-year, lowering the figure to 5.07 TWh in Q4 2022 due to lower volumes marketed to power exchange (22.37 TWh in the FY 2022, representing a reduction of 22 percent compared to 2021).
Retail and business power sales to end customers stood at 4.43 TWh in the Q4 2022, declining by 6 percent as compared to the same period in 2021. In the FY 2022, sales were 18.77 TWh, up 14 percent from 2021, driven by the growth of activities in Italy and the acquisition of Aldro Energía.
“Retail and business gas sales amounted to 1.86 bcm in the Q4 2022, down 29 percent compared to the same period in 2021. In Italy retail and business gas sales decreased mainly due to lower volumes sold in the residential segments. Outside Italy, sales were impacted by lower volumes marketed in France. In FY 2022 sales amounted to 6.84 bcm, down 13 percent from 2021,” reads the report released by Eni.
Eni is an energy company operating in 71 countries worldwide and employing around 33,000 people. With the goals of improving access to energy in the countries where Eni operates and making maximum effort to reduce direct emissions of CO2, the company launched the Energy Solutions business unit. To ensure the long-term sustainability, Eni Energy Solutions looks for synergies with other lines of business, promoting the development of renewable types of energy and engaging in scientific and technological research.
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