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Eni-Plenitude acquires Kellam 81 MW solar power plant in Texas

The 51 MW Plenitude photovoltaic site in Kellam, Texas will sell the majority of the electricity produced to a local company.

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Plenitude, a subsidiary of Eni New Enrgy US Inc, acquires the 81 MW Kellam PV farm in Texas. This facility is located 50 miles from the Dallas-Fort Worth metroplex. It was owned by Hanwa Qcells USA Corp, the US subsidiary of the South Korean Hanwa Group. With this transaction, Plenitude reaches a total installed capacity of 878 MW in the US market.

Plenitude Kellam PV Park in Texas to develop 81 MW

The plant covers more than 150 hectares. In addition, the majority of the renewable electricity produced will be sold to a local power company through PPAs. Stefano Goberti, CEO of Plenitude, states:

This transaction represents an important step in the consolidation of our position in the U.S. energy market. In addition, the operation will contribute to the energy transition process undertaken by Eni and to Plenitude’s objectives of being carbon neutral by 2040.

Developing power generation from renewable sources such as Kellam’s Plenitude photovoltaic facility in Texas is critical to the company’s strategy. Indeed, the company aims to reach more than 6 GW of installed capacity worldwide by 2025. However, in June 2022, it had only 1.8 GW.

 

 

Targets 11 million customers by 2025

Plenitude is the branch of the Eni Group that integrates the production of energy from 100% renewable sources and the sale of energy services in the United States. The company aims to reach 11 million customers by 2025. It also wants to diversify its portfolio by offering 30,000 charging points to encourage electric mobility.

The operation of the Plenitude PV site in Kellam, Texas is supported by Novis Renewables LLC and Renantis North America Inc. Novis is a renewable energy provider, an Eni/Falck Renewables joint venture, with 1 GW of wind and solar assets. Renantis is dedicated to the development of solar and wind projects, but also develops storage activities.

This acquisition enhances Plenitude’s portfolio of solar assets in the U.S. and contributes to the success of its objectives. Indeed, the company aims to exceed 15 GW of installed capacity and become carbon neutral by 2040. The operation of the Plenitude PV farm in Kellam, Texas, will also contribute to the supply of clean energy to the grid and help meet the company’s goals.

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