Eni has reached an agreement with Sixth Street for the sale of 49% of the shares held in Enipower. Eni will maintain control of Enipower in operational terms as well as the consolidation of the company’s financial statements.
Enipower, with 6 gas power plants and a total operating power of approximately 5 GW, is the second largest producer of electricity in Italy, the first industrial steam cogenerator and one of the first Italian operators in the network services necessary to guarantee adequacy of the electrical system.
“The transaction is part of Eni’s strategy aimed at enhancing our assets and freeing up new resources for the energy transition”, commented Francesco Gattei, Eni’s Chief Financial Officer.
“The global energy transition requires creative and long-term solutions, and we are delighted to collaborate with Eni in the efficient application of its energy transition strategy,” said Richard Sberlati, Partner of Sixth Street. “This transaction is an example of the partnership approach we take to create institutional solutions for multinational companies in Europe and North America, leveraging our platform’s strong capabilities to invest in renewable power generation, transmission and transitions.”