Eni, through Eni gas e luce, has acquired the Dhamma Energy Group. The company develops solar plants in France and Spain.
Dhamma’s asset portfolio comprises projects at various stages of development of almost 3GW in both countries and includes plants already in operation or in advanced development in France for around 120MW.
The operation is part of the planned expansion of renewable power generation capacity and its integration in the retail activities in the French and Spanish markets. Completion of the transaction is subject to the achievement of the customary authorisations.
Eni gas e luce has been present in the retail electricity market since 2003 through Eni Gas & Power France with 1.3m customers, while in Spain it operates through Aldro Energía Y Soluciones SL, a wholly owned subsidiary that operates in the energy and gas sales market for household customers as well as large, small and medium-sized enterprises. In February 2021, Eni signed an agreement with X-Elio for the acquisition of three solar projects in southern Spain for a total capacity of 140MW.
For more information please visit Eni’s website.