Oil & gas major Eni ties up with GE to build a 50-MW wind farm

Date: 2018-06-15   Author: Shikha Sinha  Category: #industry

Oil & gas major Eni ties up with GE to build a 50-MW wind farm

Eni SpA, regarded as the leader across Italy oil and gas industry, has apparently revealed in a recent announcement that it would join hands with the United States based multinational conglomerate, General Electric, to set up a 50 MW wind project in Kazakhstan. As per reliable sources, the Italian group would commence construction of the facility in northwestern Aktobe Oblast over the forthcoming months as it aims to bring the new project online by the end of 2019.

Sources reveal that the facility, named as the Badamsha wind project, would be able to produce close to 198 GWh of electricity per annum post completion. Reportedly, this would be the first large-scale investment of Eni in the wind energy market.

The latest project aligns with the long-term objective of Kazakhstan to source 50% of its electricity consumption through alternative and renewable energy plants by the year 2050. Sources familiar with the development claim that the project would be carried out under the aegis of the Memorandum of Understanding between General Electric and Eni that intends to foster the development of renewable energy in Kazakhstan.

For the record, the latest agreement is in line with the contract signed by General Electric and Eni SpA in November last year. Under the framework contract, both the firms had agreed to jointly identify and build large-scale hybrid solutions pertaining to oil and gas industry and renewable energy projects with a special emphasis on energy efficiency.

Reportedly, the contract encompasses waste-to-energy projects, hybrid gas-renewable projects, solar power, and onshore and offshore wind generation projects. Moreover, it further aims to deploy technologies developed by Eni to convert decommissioned or mature industrial assets into environmentally-viable facilities.

Eni’s present portfolio of renewable energy projects includes solar, wind and hybrid facilities that are worth USD 1.4 billion, noted a company statement.



About Author


Shikha Sinha linkdin-boxtwitter

Shikha Sinha

Shikha currently manages the content team at AlgosOnline. An electrical & electronics engineer by education, she has prior experience in content & technology writing, content marketing, market research, and business development domains. Her other interests inc...

Read More

Post Recommendents

Antenatal Screening Market Share, By Product Analysis, Application, End-Use, Regional Outlook, Competitive Strategies & Forecast up to 2028

Author: Ashwin Naphade

Global Antenatal Screening Market, 2022-2028 Research Report provides crucial statistics on the market status of the Global Antenatal Screening manufacturers and is a respected source of guidance and direction for companies and individuals interes...


Pediatric Vitrectomy Market Size | Global Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2028

Author: Ashwin Naphade

Global Pediatric Vitrectomy market report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

The Pediatric Vitrectomy market repor...


Legionnaire Disease Testing Market Comprehensive Analysis, Share, Growth Forecast from 2022 to 2028c

Author: Ashwin Naphade

This report studies the Global Legionnaire Disease Testing market status and outlook of global and major regions, from angles of players, regions, product types and end industries; this report analyzes the top players in global and major regions, ...