Diversification is the future of energy

Published on Friday, 19 September 2014

Despite the unfavourable economic situation, investments in the electricity industry are set to increase by €6 billion by 2025, with a 55 percent growth compared with the previous decade, of which two thirds in emerging countries.

In this context, a recovery can be expected for European utilities, especially for those that will diversify their activities geographically, said a "global utilities" report by the Swiss bank UBS, which mentions Enel as a best practice for its ability to focus on emerging markets.

In fact, according to the UBS, European companies could increase their earnings per share by 75 percent, provided they will know how to operate in an international environment and exploit the possibilities offered by emerging countries and North America.

In Latin America, for example, investments are set to grow by 50 per cent, while in the United States 25 percent of the investments - which will remain unchanged until 2025 - will be channeled to support renewables.

A considerable amount of the Enel Group's  investments are made in emerging countries, as underlined also the 2014-2018 business plan.

In Africa, for example, Enel is carrying out projects in South Africa for about 500 MW and is evaluating the launch of projects in countries such as Mozambique, Tanzania, Namibia, Kenya and Uganda, which have a huge potential of development in solar, geothermal and wind power.

The Group is also very active in North America, with more than 1900 MW already into service and two plants under construction, of which one technologically in the forefront: the Stillwater hybrid facility.

In LatinAmerica it operates in eleven countries, and Enel Green Power is carrying out several projects in Mexico, Brazil, Costa Rica and Chile, in hydro, wind and solar photovoltaic power.