Eni and the International Renewable Energy Agency (IRENA) have entered a three-year partnership agreement to collaborate in the promotion of renewable energy and accelerate the energy transition, particularly in countries that export fossil fuels.
Under the terms of the agreement, Eni and IRENA will work together to foster dialogue and share their experiences on accelerating energy transition and renewable energy development in fossil fuel exporting countries, as well as to identify barriers to private sector investment in renewable energy in countries where Eni operates and promote solutions in coordination with governments.
In particular, Eni and IRENA will promote the integration of the African continent into the biofuel value chain through institutional capacity building, agribusiness and industrial development initiatives aimed at the production of advanced biofuels, helping the decarbonization of the transport sector and promoting development opportunities.
The partnership builds upon Eni’s commitment to contribute to the decarbonization of African countries’ energy mix, leveraging renewable energy sources to reduce the use of fossil fuels in power generation. Also, it represents an opportunity for Eni to strengthen the dialogue with IRENA, share its expertise and portfolio of technology solutions, enhance its international role as a leader in the energy transition, and actively contribute to the institutional debate on energy policies that the agency promotes.
Courtesy of Eni.