By Dieter Holger

 

ENI SpA (ENI.MI) said Monday that its Eni New Energy subsidiary has started building a 31-megawatt solar power plant in Sardinia in Italy.

The Italian oil-and-gas company said the plant at the Porto Torres industrial park in Sassari will be completed by the end of 2019. The company said 70% of the energy produced will go to companies at the industrial park, cutting carbon dioxide emissions by 26,000 metric tons annually.

The project is ENI's second in Sardinia, following the 26-megawatt plant in Assemini which was completed in 2018, the company said.

The projects are part of ENI's broader environmental plans, in which the company is investing 260 million euros ($294.6 million) to generate more than 220 megawatts of renewable energy in Italy by 2021 and lower CO2 emissions by more than 150,000 metric tons.

 

Write to Dieter Holger at dieter.holger@dowjones.com; @dieterholger

 

(END) Dow Jones Newswires

February 25, 2019 06:40 ET (11:40 GMT)

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