Eni to acquire a 13 onshore wind farms from Glennmont Partners and PGGM for $591m.

Eni, an Italian multinational oil and gas company, agreed to acquire a 13 onshore wind farms in Italy from Glennmont Partners, a fund manager, and PGGM, a provider of pension administration services, for $591m. “We plan to accelerate growth through selective acquisitions, in particular in those countries where we have an existing broad customer base. Our renewable energies expansion, which through this transaction has already achieved over 1.3 GW of installed and under construction capacity, will be fully integrated with our retail business, creating a unique player of great value and a high development potential. This transaction demonstrates another significant milestone as Eni continues on its path towards leading the production and sale of decarbonised products," Claudio Descalzi, Eni CEO.