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 more than 30 countries across 4 continents, generating power from over 90 GW of net installed capacity and distributing electricity and gas through a network spanning around 1.9 million km. Enel, with its 61 million end users worldwide, has the largest customer base among its European peers and is among the leading power companies in Europe in terms of installed capacity and reported EBITDA.
In 2014, Enel posted revenues of approximately 76 billion euros, EBITDA of 15.7 billion euros and net ordinary income of around 3 billion euros. As of March 31st, 2015, the Group has approximately 69,000 employees and operates a wide range of hydroelectric, thermoelectric, nuclear, geothermal, wind, solar and other renewable power plants. Over 47% of the power generated by Enel in 2014 was carbon free, making it one of the leading producers of clean energy.
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 over 9.8 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 global 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.
Safety is a priority for the Group and Enel takes a proactive approach to managing this important aspect of its operations, with a particular focus on prevention and promotion of safety culture.
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 25.5% of the Company’s shares. In addition to Enel, thirteen 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.
As a global multi-national Group, Enel is actively engaged in consolidating its 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 over 31 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 around 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 approximately 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.
Enel is a major player in the Latin American power market, where its subsidiary Enersis is one of the leading private-sector utilities both in terms of installed capacity and number of clients. Enersis’ subsidiaries operate in 5 countries, with nearly 17 GW of installed capacity from thermal, hydro and other renewable power plants and serves 14.8 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 1.9 GW in Peru. In the distribution sector, the Group is present in the states of Cearà and Rio de Janeiro in Brazil and in four of the largest cities in South America: 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 1.7 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 Africa Enel 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 owns and operates Upington (10 MW), its first photovoltaic plant in the country and has recently started construction of the 111 MW Gibson Bay and 88 MW Nojoli wind farms, as well as the Aurora, Paleisheweul, Pulida (each with an installed capacity of 82.5 MW) and Tom Burke (66 MW) photovoltaic facilities.
In Chile, Enel Green Power Chile and Endesa Chile signed a long-term contract for the supply of energy and the sale of green certificates for a period of around 25 years for a geothermal and photovoltaic project (Finis Terrae, the largest solar photovoltaic plant in Chile) and about 20 years for a wind project (Los Buenos aires, the company’s first wind farm in the region of Bio-Bio).
In South Africa, Enel Green Power has been awarded two 20-year energy supply contracts alongside the South African utility company Eskom for an additional 280 MW in wind projects in the fourth stage of the tender process for the REIPPPP (Renewable Energy Independent Power Producer Procurement Programme), sponsored by the South African Government, thus reaching 705 MW of total capacity.
In Panama, in the town of Chiriquí, Enel Green Power saw its first photovoltaic system come into operation, with an installed capacity of 12 MW, capable of producing more than 19 GWh per year.
In Mexico, Enel and Abengoa have been selected by Pemex to build a cogeneration plant with 517 MW of electricity and 850 tonnes per hour of steam, which is to be built on the site of the Antonio Dovalí Jaime refinery, in the State of Oaxaca. Enel Green Power (“EGP”) has begun construction of Vientos del Altiplano, its first wind farm in the Mexican state of Zacatecas, which will comprise 50 turbines of 2 MW each and will be able to generate more than 280 GWh each year.
In Italy, Enel Produzione finalised the sale to SEL - Società Elettrica Altoatesina S.p.A. - of its stake in SE Hydropower s.r.l. for a total of 345 million euros.
In the field of innovation, the acceleration programme started in Rome for the 14 startups active in the ‘green’ technology field who were the winners in the first INCENSe call, along with the launching of the second call that is set to lead to the selection of another 28 startups.
(Unless otherwise indicated, this report relies on data from March 31st, 2015).