Enel is a multinational power company and a leading integrated player in the world’s power and gas markets, with a particular focus on Europe and Latin America. Enel Group operates in over 30 countries across 4 continents, producing energy through a net installed capacity of nearly 89 GW and distributes electricity and gas through a network of approximately 1.9 million kilometers. With 61 million users worldwide, Enel has the largest customer base among European competitors and figures among Europe’s leading power companies in terms of installed capacity and reported EBITDA.
Enel’s 2014 revenue was approximately 76 billion euros. The Group reported an EBITDA of 15.7 billion euros, while its net ordinary income was approximately 3 billion euros; as of June 30th, 2015, just under 69,000 people work for Enel. The concern manages a highly diverse network of power plants: hydroelectric, thermoelectric, nuclear, geothermal, wind, solar PV and other renewable sources. More than 47% of the electricity Enel produced in 2014 was free of carbon dioxide emissions, making it one of the world’s major producers of clean energy.
Enel is deeply committed to the renewable energies sector and to researching and developing new environmentally friendly technologies. Enel Green Power (EGP) is a publicly traded Enel Group company dedicated to the production of energy from renewable sources that manages over 9.8 GW of installed capacity from hydro, wind and solar arrays and biomass and cogeneration plants in Europe, the Americas and Africa. EGP has the highest level of technological diversification among companies operating in the renewable energy sector.
Enel is the first utility in the world to replace conventional electromechanical meters with so-called ‘smart meters’, modern electronic meters that enable reading consumption levels in real time and managing contracts remotely. Today, about 32 million Italian retail customers possess an electronic meter developed and installed by Enel. The Group is also in the process of installing another 13 million smart meters for customers in Spain and is implementing pilot projects in ‘smart cities’ like Búzios (Brazil) and Santiago (Chile). This innovative measurement system is essential to the development of smart grids, smart cities and electric mobility.
Safety is a top priority for the Enel Group, which has adopted a proactive approach in this area so fundamental to its business, dedicating particular attention to prevention and promoting a culture of safety.
Listed on the Milan stock exchange since 1999, Enel has the highest number of shareholders of any Italian company, with a total of 1.1 million retail and institutional shareholders. The most important 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 itself, another 13 Enel Group companies are traded on the stock exchanges of Italy, Spain, Russia, Argentina, Brazil, 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 multinational group, Enel is actively engaged in consolidating its assets and further integrating its business.
In Italy, Enel is the largest electricity company. It operates in the field of electricity generation through thermoelectric and renewable plants with an installed capacity of nearly 31 GW. Of that amount, more than 3 GW is from plants that generate energy from renewable sources, managed through EGP. Furthermore, Enel runs much of Italy’s electricity distribution grid and offers an integrated package of electricity and gas products and services to its 31 million Italian customers.
On the Iberian Peninsula, 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 renewable plants in this region generating 1.8 GW.
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 an installed 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 controls nearly 9 GW of installed thermoelectric 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 customers. Enersis’ subsidiaries operate in 5 countries, with nearly 17 GW of installed capacity from thermal, hydro and other renewable power plants and serves 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 1.9 GW in Peru. In the distribution sector, the Group is present in the Brazilian states of Cearà and Rio de Janeiro and in four of the largest cities in South America: Bogota, Buenos Aires, Santiago 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 approximately 1.9 GW of wind, PV and hydroelectric plants operated by EGP Latin America.
In North America EGP North America owns and operates hydroelectric, geothermal, wind, solar and biomass power plants that generate a total of more than 2 GW.
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 solar 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 (both 82.5 MW) and Tom Burke (66 MW) solar photovoltaic plants.
In Chile, July 9th Enel Green Power Chile and Endesa Chile signed a longterm contract for the supply of energy and sale of green certificates lasting about 25 years, for a geothermal project (Cerro Pabellón, the first facility of this type in all of South America) and a solar PV project (Finis Terrae, Chile’s largest solar PV plant), and lasting about 20 years for a wind project (Los Buenos Aires, the company’s first wind farm in the Bio-Bio region).
In South Africa, on June 10th Enel Green Power won two 20 year energy supply contracts with the South African utility Eskom, for another 280 MW of wind projects in the fourth round of bidding for the REIPPP (Renewable Energy Independent Power Producer Procurement Programme) promoted by the South African government. Counting previous contracts awarded, EGP has won public contracts for the supply of more than 1,200 MW of installed wind and solar PV capacity in South Africa.
In Panama, on May 19th Enel Green Power’s first solar PV plant in the country went online in the locality of Chiriquí, with an installed capacity 12 MW, capable of producing 19 GWh per year.
In Mexico, on May 12th Enel and Abengoa were selected by Pemex to build a 517 MW/850 tonnes steam per hour cogeneration plant on the site of the Antonio Dovalí Jaime refinery in the state of Oaxaca. On July 14th Enel Green Power began work on the construction of Vientos del Altiplano, its first wind farm in the state of Zacatecas, comprising 50 turbines of 2 MW each, capable of generating 280 GWh per year. On July 16th the first wind plant of Dominica II went online, with a capacity of 100 MW.
In Italy, on July 27th Enel Green Power completed and connected to the grid the Cornia 2 geothermal plant in the village of Castelnuovo Val di Cecina, in Tuscany, the first plant in the world to use biomass to heat geothermal steam to enhance the geothermal cycle’s energy efficiency and electricity output.
In the field of innovation, April saw the start, in Rome, of an acceleration program for the 14 startups operating in the field of ‘green’ technologies that were awarded the first INCENSe grants. The second call for applications was launched on June 18th and will end with the selection of another 28 startups. On May 5th, Enel joined the Startup Europe Partnership (SEP), a Pan-European platform created to assist the best European startups.
(Unless otherwise indicated, this report relies on data from June 30th, 2015).