Enel is going confidently into 2014: over the last few years, the Group has shown its ability to manage situations caused by the economic crisis better than most other energy businesses. Thanks to a strategy of geographical diversification that began many years ago, today Enel has an established presence in regions least affected by the crisis and that post record high growth rates such as Latin America, where the Group is expanding and is planning to continue doing so in the near future.
Enel's strategy for technology is also bearing fruit, in particular regarding renewable energy. Following the adoption of economically self-sufficient technologies, today Enel Green Power carries out 70 percent of its activities without subsidies, and as such shielding them from regulatory uncertainty. Its research activities are also important and have either already produced tangible results or are set to in the near future. Examples of this are the promotion of electric vehicles, energy storage systems, renewable energy and smart grids.
The Enel Group ended last year with a reduction of its debt that was even larger than predicted, a move that is offering encouragement to investors and shareholders and has already been rewarded by rating agencies. Enel will continue this trend throughout 2014 by its financial stability.
It's for these and other equally good reasons that the Enel Group will face the future with confidence and is ready to take advantage of the opportunities that will come up as the economy, which is showing early signs of improvement, recovers.