We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Eni Buys 3 Onshore Wind Farms in Italy to Cut Carbon Emission
Read MoreHide Full Article
Eni SpA (E - Free Report) announced the purchase of three onshore wind projects in Italy. Notably, the value of the initial transaction has not been disclosed.
Through its affiliate, Eni New Energy, the integrated energy firm has purchased 100% interest in CDGB Enrico, CDGB Laerte and Wind Park Laterza from Asja Ambiente Italia. The company expects the three projects to produce 35.2 megawatts (MW) of power at peak capacity. Eni also anticipates the developments — to be constructed in Comune di Laterza, in the Puglia area — to produce roughly 81 Gigawatt hours (GWh) of power every year. Thus, the energy major expects these wind projects to help eliminate emissions of 33,400 tons of CO2 every year.
Investors should know that the company expects the construction of the plants to commence by the third trimester of 2021. Importantly, this is the first time that the energy giant will be producing energy from wind projects in Italy. With this acquisition, Eni has made significant progress in its decarbonization process and estimates this to reduce its net emissions of greenhouse gases by 80% by 2050.
Notably, the integrated player revealed its aim of transforming the firm completely so that it will be able to sell decarbonized products. Thus, emissions will reduce and not concern the end customers further. Other energy majors that also produce renewable power through interests in onshore wind projects are BP plc (BP - Free Report) and Royal Dutch Shell plc .
Murphy USA is likely to see earnings growth of 7% in the next five years.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
Image: Bigstock
Eni Buys 3 Onshore Wind Farms in Italy to Cut Carbon Emission
Eni SpA (E - Free Report) announced the purchase of three onshore wind projects in Italy. Notably, the value of the initial transaction has not been disclosed.
Through its affiliate, Eni New Energy, the integrated energy firm has purchased 100% interest in CDGB Enrico, CDGB Laerte and Wind Park Laterza from Asja Ambiente Italia. The company expects the three projects to produce 35.2 megawatts (MW) of power at peak capacity. Eni also anticipates the developments — to be constructed in Comune di Laterza, in the Puglia area — to produce roughly 81 Gigawatt hours (GWh) of power every year. Thus, the energy major expects these wind projects to help eliminate emissions of 33,400 tons of CO2 every year.
Investors should know that the company expects the construction of the plants to commence by the third trimester of 2021. Importantly, this is the first time that the energy giant will be producing energy from wind projects in Italy. With this acquisition, Eni has made significant progress in its decarbonization process and estimates this to reduce its net emissions of greenhouse gases by 80% by 2050.
Notably, the integrated player revealed its aim of transforming the firm completely so that it will be able to sell decarbonized products. Thus, emissions will reduce and not concern the end customers further. Other energy majors that also produce renewable power through interests in onshore wind projects are BP plc (BP - Free Report) and Royal Dutch Shell plc .
Eni SpA Price
Eni SpA price | Eni SpA Quote
Currently, Eni carries a Zacks Rank #3 (Hold). A better-ranked player in the energy sector is Murphy USA Inc. (MUSA - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Murphy USA is likely to see earnings growth of 7% in the next five years.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>