ENI Gas e Luce Completes the Acquisition of Evolvere, Becoming a Leader in Distributed Generation from Photovoltaic Plants in Italy

Source Press Release
Company ENI S.p.A. 
Tags Corporate Deals, Deals, Power
Date January 20, 2020

Today, Eni gas e luce, the energy retail company 100% controlled by Eni SpA, completes the acquisition of a 70% stake in Evolvere, upon the approval received from the Antitrust Authority on 7 January 2020.

The transaction will enable Eni gas e luce to become a leader in the area of solar distributed generation from renewable sources, in line with Eni’s mission to build value through the energy transition.  

Evolvere manages 11,000 photovoltaic plants, including 8,000 that are installed on domestic and business customers’ rooftops, with a total capacity of about 58MW, with the possibility of acquiring additional skills and prosumers (energy producers and consumers).

Thanks to this acquisition, Eni gas e luce contributes to the promotion of a new energy model where the customer evolves from a simple consumer to a renewable energy producer. The company’s offer includes the sale, installation and maintenance of photovoltaic plants and batteries for residential customers and businesses up to 20KW.

Evolvere SpA has recently been recognised as a "Benefit Company" that operates in a sustainable, responsible and transparent manner towards people, communities, territories and the environment, cultural and social assets and activities, bodies and associations.

Source: EvaluateEnergy® ©2022 EvaluateEnergy Ltd