Eni to invest in renewables in Ghana

Italian oil major Eni said on Tuesday it plans to invest in two renewable power generation projects in Ghana, where its subsidiary operates two offshore blocks and one exploration licence, Kallanish Energy learns.

Giancarlo Ruiu, managing director of Eni Ghana, signed two memoranda of understanding with Bui Power Authority and the Volta River Authority, which includes the joint development of a floating solar plant in Volta Lake.

Eni didn’t disclose details of the potential projects but said they’d be utility-scale, reducing CO2 emissions and creating economic value for the country and local stakeholders.

The initiatives are part of the major’s long-term business strategy to contribute to the transition of energy towards a low-carbon future. This involves promoting the growth of renewable sources and supporting their more extensive use in the countries where it operates, while encouraging research into new sources of energy, Eni said.

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