By Giulia Petroni 
 

Eni SpA's (ENI.MI) subsidiary Eni Australia Ltd. has acquired two solar photovoltaic projects in the country's Northern Territory from NT Solar Investments Pty Ltd., itself a subsidiary of Tetria Energy.

The projects will be completed by the third quarter of 2020, Eni said Thursday.

State-owned Jacana Energy will purchase 100% of the output of the new plants, which will supply over 5,000 homes yearly, Eni said.

The initiative will contribute to meeting the region's goal to provide 50% of energy generation from renewable sources by 2030.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

October 03, 2019 06:04 ET (10:04 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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