Italian Eni and global wind and solar development company, Mainstream Renewable Power (Mainstream) signed a cooperation agreement to develop large-scale renewable assets, Eni announced in a statement on Wednesday.
The agreement will cover collaboration between the two companies to develop power generation from renewable sources across Africa and Southeast Asia, with an initial focus on the U.K. - considered strategically important and high-growth markets for both companies.
Eni is developing renewable energy projects on a worldwide basis, both brownfield and greenfield, with the objective of installing 1.6 gigawatts (GW) of new solar, wind and storage capacity by 2022 and 5 GW by 2025, the statement said.
Mainstream has developed, consented and brought to the ‘ready to build’ stage 35% of the U.K.’s 2020 offshore wind capacity. This comprises the 3,000-megawatt (MW) Hornsea offshore wind farms that was sold to Orsted in 2016 and is currently the world’s largest offshore wind farm under construction, and the 450 MW Neart na Gaoithe (NnG) offshore wind farm in Scotland, which it sold to EDF Renewables in 2018.
For assets in Southeast Asia, 'Mainstream is also developing the 800 MW Phu Cuong Soc Trang offshore wind farm in Vietnam and has prequalified for the 1,000 MW offshore wind tender in Gujarat, India. The company wholly-owns 1.3 GW of fully contracted wind and solar assets in Chile which are on track to reach commercial operation starting in 2021,' the statement read.
In Africa, Mainstream has delivered 600 MW of wind and solar assets into commercial operation in South Africa and currently has 250 MW of wind assets in construction there. Through its Lekela Power joint venture in Africa with Actis, it has 410 MW of wind assets in construction in Senegal and Egypt.
By Gulsen Cagatay