Eni's board of directors approved the IPO of Eni R&R's renewable energy generation and gas and electricity sales business. The business plans to create more than 6 GW of renewable energy capacity by 2025 and more than 15 GW by 2030, with its retail customer base growing from 10 million to more than 15 million over the same period. The offering is scheduled to take place during 2022. Details of the IPO and the new business name will be presented on November 22, 2021.