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Italy’s Enel says renewables powering growth in its 2018 profits

Windpower Monthly: Renewable energy was the main driver behind Enel’s growth in operating profit, the power firm stated, and was its largest recipient of investment in the first nine months of the year. The Italian company’s reported earnings before interest, taxation, depreciation and amortisation (Ebitda) rose 6% year-on-year to €12.1 billion between 1 January and […]

November 7, 2018 Read More →

Enel brings 1GW of new solar online in Mexico

Clean Technica: Enel Green Power México, the Mexican subsidiary of Italian electricity and gas distributor Enel Group, announced towards the end of September the completion and connection of approximately 1,089 megawatts (MW) worth of new solar capacity to the Mexican grid. The Enel Group’s Mexican renewable energy subsidiary completed the connection to the grid of […]

October 3, 2018 Read More →

Shift to renewables across Enel’s global footprint exceeds projections

S&P Global/Platts: Italy’s largest power company Enel said it expects to beat its own renewable addition targets by 2020, as it pivots its generating model away from coal and grows its renewable footprint both in Europe and worldwide. CEO Francesco Starace told analysts on a conference call Tuesday evening that 90% of the company’s 7.8 […]

August 2, 2018 Read More →

South Africa’s State Utility Company in ‘Self-Styled Extinction’

Biznews South Africa: In South Africa, where electricity prices have quadrupled since 2007 and an expensive coal-fired power build-out threatens to drive prices even higher, renewables appear ever more appealing. Unfortunately, for the last two years Eskom has been stonewalling on this front, refusing to sign new renewable energy power purchase agreements, while claiming that […]

October 10, 2017 Read More →

European Utility Exec: ‘New Coal Is Finished’

Euractv.com: Apart from Poland, there are no plans to build new coal-fired power plants in Europe, says Francesco Starace. The hard question today is instead who will build a new gas power plant. “And many companies are not doing that either,” he told EURACTIV in an interview. Francesco Starace is CEO of Enel, the Italian […]

October 5, 2017 Read More →

Italian Utility Invests in Renewable Energy Worldwide

Stephen Jewkes for Reuters: MILAN: Italian utility Enel plans to expand its green energy capacity in the next few years by entering two or three markets in Asia and Africa but is not planning major acquisitions, its renewable energy chief said. Enel, which controls Spain’s Endesa, became Europe’s biggest utility by market value when it […]

July 5, 2017 Read More →

IEEFA Europe: In Announcing Coal Plant Closures, Enel, Biggest Utility in the EU, Signals Industry Compliance With New Emission Rules

Key Reaction to More Stringent Regulation Suggests a Trend in the Making

Enel, Europe’s biggest utility by market value, has given the first hint of the impact of new EU pollution limits in announcing the closure of two large coal power plants by 2018 and a plan to close all of its coal and lignite generation by around 2030. Enel’s move gives the first glimmers of the […]

May 17, 2017 Read More →