Eni, an Italian multinational oil and gas company, and Falck Renewables, a renewable energy company based in Milan, completed the formation of a joint venture. Under the terms of the agreement, Falck simultaneously sold ENE US 49% of its ownership interests in the plants currently in operation in the United States. "For Eni, the agreement with Falck Renewables opens up a new, low-risk and highly fluid market in which we are aiming to grow very quickly. This partnership will benefit from the knowledge and renowned experience of Falck Renewables, enabling Eni to accelerate its plans to increase its renewable energy capacity and laying the foundations for achieving our decarbonization objectives," Luca Cosentino, Eni Executive Vice President of Energy Solutions.