April 2, 2009

Milan, Italy: Enipower Signs Solar Agreement with UniCredit

Enipower today signed an agreement with UniCredit for the renewal and widening of the partnership between the two companies in the solar energy sector, renewing their integrated photovoltaic offer launched in 2007. The partnership, previously established between Enipower and UniCredit Banca, now also involves UniCredit Banca di Roma and Banco di Sicilia (UniCredit Group).

Thanks to the renewal of the partnership with UniCredit Group, Enipower will continue to offer companies (this offer concerns 10 to 100 kW photovoltaic plants) the supply and installation of photovoltaic plants without requesting payments in advance during the installation.

Payments will be due starting from the drawing up of the agreement with the GSE (the national electric services operator), which follows the start-up of the plant.

Enipower will therefore enable customers to benefit from immediate savings on energy consumption and from grants established by law. Enipower will carry out the project, the installation and the start up of the plants and will also support customers obtaining grants established by law.

In order to support companies which decide to use photovoltaic energy, UniCredit will offer them (those who will install Enipower plants) personal financial solutions which will extend the period of the loans and will allow them to cover up to 100% of the cost of the plant, including insurance coverage.

Through this operation, Eni reiterates its full commitment to energy sustainability which includes the significant engagement in the research and development of renewable energy sources (particularly solar and biofuels).

Further details about: Enipower