April 19, 2019 / 12:12 PM / a month ago

Eni, Fincantieri, Terna and CDP team up to build wave power stations

FILE PHOTO: The logo of Italian energy company Eni is seen at a gas station in Rome, Italy September 30, 2018. REUTERS/Alessandro Bianchi

MILAN (Reuters) - Italian oil group Eni is joining forces with shipbuilder Fincantieri, power grid group Terna and state lender CDP to develop wave power stations.

The agreement aims to transform a pilot project on an inertial sea energy converter into an industrial scale project for immediate application, the groups said in a joint statement on Friday.

Reporting by Francesca Landini

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