Enel is Italy’s largest power company and Europe’s second listed utility by installed capacity. It is a leading integrated player in the power and gas markets of Europe and Latin America, operating in 40 countries across 4 continents overseeing power generation from over 98 GW of net installed capacity and distributing electricity and gas through a network spanning around 1.9 million km to serve approximately 61 million customers.
In 2012, Enel posted revenues around 85 billion euros, EBITDA of, approximately, 17 billion euros and net ordinary income of around 3.5 billion euros. As of September 30th, 2013, the Group has nearly 73,000 employees and operates a wide range of hydroelectric, thermoelectric, nuclear, geothermal, wind, solar and other renewable power plants. Over 42% of the power generated by Enel last year 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 Company dedicated to the growth and management of power generation from renewable energy, operating around 8.7 GW of net installed capacity relying on hydro, wind, geothermal, solar, biomass and co-generation sources in Europe and the Americas.
Enel is the first utility in the world to replace the traditional electromechanical meters with smart meters that make 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 installed by Enel. Enel is further deploying an additional 13 million smart meters to its customer base in Spain. 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 1.2 million retail and institutional investors. The most important of Enel’s shareholders is the Italian Ministry of Economy and Finance which holds 31.24% of the Company’s shares. 14 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 has attracted international investment funds, insurance companies, pension funds and ethical funds to its rank of shareholders.
After having completed its international expansion, 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 40 GW of installed capacity. Out 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 integrated package of electricity and gas products and services for its 31.3 million customers.
In Iberia, Enel owns 92.06% of Endesa’s share capital, the leading power company in Spain and Portugal with over 24 GW of installed capacity and a strong presence in the distribution sector and in the sale of electricity and gas products to more than 12 million customers. EGP operates 1.9 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 and Eastern Europe, with a generation capacity of 5.4 GW. In France, Enel is active in electricity and gas supply as well as in renewable generation. In Romania,the Group serves 2.7 million customers through its distribution network. In Romania as well as in Greece, EGP owns and operates renewable generation plants. In Russia, Enel operates in the generation sector, where its subsidiary Enel OGK-5 owns more than 9 GW of thermal capacity, as well as in the retail sector, where Enel owns 49.5% of RusEnergoSbyt, one of the largest independent suppliers in the country.
In Latin America, through Endesa and its subsidiaries in 5 countries, the Enel Group is the largest private player with more than 17 GW of installed capacity from thermal, hydro and other renewable power plants, and serving more than 14 million customers. In the generation sector, Endesa owns and operates 4.4 GW in Argentina, 1.0 GW in Brazil, 5.9 GW in Chile, 2.9 GW in Colombia and 1.9 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, Endesa operates an interconnection power line between Brazil and Argentina. Chile and Brazil, along with Costa Rica, Guatemala, Panama and Mexico host 0.9 GW of wind and hydroelectric plants operated by EGP Latin America.
In North America EGP North America owns and operates more than 1.6 GW of hydroelectric, geothermal, wind, solar and biomass power plants.
In Africa Enel is present in the upstream gas sector participating in the development of gas fields in Algeria and Egypt. Through Endesa, Enel also operates a thermal power plant in Morocco. In South Africa, Enel Green Power has been 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, 2013).