Eni, together with the Norwegian energy investor HitecVision have set up a new joint venture company called Vårgrønn. The company aims to develop new green energy projects in Norway and the Nordic market. Vårgrønn will pursue opportunities in the offshore wind sector by participating in the upcoming Norwegian tender processes for offshore licenses. The new company will also explore opportunities within renewables, with a long-term ambition of reaching an installed capacity in the region of 1 GW towards 2030. According to Eni, “This new joint venture is part of Eni’s overall strategy for decarbonization and contributes to the progression of our transformation path towards green energy and the circular economy”.