Enel is a multi-national power company and a leading integrated player in the world’s power and gas markets, with a particular focus on Europe and Latin America. The Group operates in 32 countries across 4 continents, generating power from over 95 GW of net installed capacity and distributing electricity and gas through a network covering around 1.9 million km. In Europe, Enel is the number one power company in terms of reported EBITDA and, with its 61 million end users worldwide, it has the largest customer base among its European peers (data as of December 31st, 2013).
In 2013, Enel posted revenues of around 80.5 billion euros, EBITDA of approximately 17 billion euros and net ordinary income of around 3.1 billion euros. As of September 30th, 2014, the Group has over 71,000 employees and operates a wide range of hydroelectric, thermoelectric, nuclear, geothermal, wind, solar and other renewable power plants. Over 46% of the power generated by Enel in 2013 was carbon free. Enel is strongly committed to renewable energy sources and to the research and development of new environmentally friendly technologies. Enel Green Power (EGP) is the Group’s publicly listed renewable energy generation Company, operating approximately 9.5 GW of net installed capacity of hydro, wind, geothermal, solar, biomass and co-generation sources in Europe, the Americas and Africa. Enel Green Power is, technology-wise, the most diversified renewable company among its worldwide peers. Enel was the first utility in the world to replace the traditional electromechanical meters with smart meters, making it possible to measure consumption in real time and manage contractual relationships remotely. Today, around 32 million Italian retail customers are equipped with smart meters developed and installed by Enel. The Group is deploying an additional 13 million smart meters to its customer base in Spain as well as running pilot tests for the smart cities of Búzios (Brazil) and Santiago (Chile). This innovative tool is key to the development of smart grids, smart cities and electric mobility.
Listed on the Milan stock exchange since 1999, Enel has the largest number of shareholders of any Italian company, with 1.1 million retail and institutional investors. The largest of Enel’s shareholders is the Italian Ministry of Economy and Finance which holds 31.2% of the Company’s shares. Fourteen other Group companies are listed on the stock exchanges of Italy, Spain, Russia, Argentina, Brasil, Chile and Peru. Enel’s commitment to values embodied in its Code of Ethics, its Sustainability Report and the adoption of international best practices promoting environmental protection, transparency and corporate governance, have all attracted international investment funds, insurance companies, pension funds and ethical funds to its shareholder register.
After having completed its international footprint, Enel is now actively engaged in consolidating the acquired assets and further integrating its businesses.
In Italy, Enel is the largest electricity company. It operates in the field of electricity generation of thermal and renewable power plants with nearly 37 GW of installed capacity. Of these, more than 3 GW of renewable plants are operated through EGP. Furthermore, Enel manages the majority of the Italian electricity distribution network and offers an integrated package of electricity and gas products and services to its 31 million Italian customers.
In Iberia, after placing on the Madrid Stock Exchange an additional 22% of the share capital of its Spanish subsidiary Endesa, Enel now owns 70.1% of the leading power company in Spain and the second largest power company in Portugal. Endesa has approximately 22 GW of installed capacity and a strong presence in the distribution sector and in the sale of electricity and gas products with 13 million customers. Furthermore, EGP operates 1.8 GW of renewable plants in this region.
In Europe, Enel is also present in Slovakia, where it owns 66% of Slovenské Elektrárne, the largest electricity generator in the country and the second-largest in Central Eastern & Europe, with a generation capacity of around 5 GW. In Romania, the Group serves 2.7 million customers through its distribution network while EGP owns and operates renewable generation plants in Both Romania and Greece. In Russia, Enel operates in the generation sector - where its subsidiary Enel Russia owns more than 9 GW of thermal capacity - as well as in the retail sector, where the Group owns 49.5% of RusEnergoSbyt, one of the largest independent suppliers in the country. In France, Enel is active in electricity and gas supply as well as in renewable generation.
Enel is a major player in the Latin American power market, where Enersis is the leading private utility both in terms of installed capacity and number of clients (as of December 31st, 2013). Enersis’ subsidiaries operate in 5 countries, with nearly 17 GW of installed capacity from thermal, hydro and other renewable power plants and serving 14.6 million customers. In the generation sector, Enersis owns and operates 4.4 GW in Argentina, 1.0 GW in Brazil, 6.3 GW in Chile, 3 GW in Colombia and 1.8 GW in Peru. In the distribution sector, the Group is present in the state of Cearà in Brazil and in five of the largest cities in South America: Rio de Janeiro, Bogota, Buenos Aires, Santiago de Chile and Lima. In the transmission sector, Enersis operates an interconnection power line between Brazil and Argentina. In addition, Chile and Brazil, along with Costa Rica, Guatemala, Panama and Mexico host more than 1.4 GW of wind and hydroelectric plants operated by EGP Latin America.
In North America EGP North America owns and operates over 2 GW of hydroelectric, geothermal, wind, solar and biomass power plants.
In AfricaEnel is present in the upstream gas sector, developing gas fields in Algeria and Egypt. Through Endesa, Enel also operates a thermal power plant in Morocco. In South Africa, Enel Green Power recently completed and connected to the grid its first photovoltaic plant in the country, in Upington (10 MW), after it was awarded photovoltaic and wind energy supply contracts for a total of 513 MW within the framework of a public renewable energy tender sponsored by the South African government.
(Unless otherwise indicated, this report relies on data from September 30th, 2014).