On 19 March Enel will hold its Investor Day in London, where from 9.00 GMT the Group will present its new business plan and strategy to the financial community. The event will be streamed live, and users can gain access to coverage by simply filling in the form on its web page.
It's a new Enel that is meeting the investors, one that is completing a process of reorganisation that not only enables centralised capital allocation and simplifies management, but also combines the Group's global and local presence. Its new matrix structure is made up of five global Business Lines (Infrastructure and Networks, Generation, Renewable Energy, Trading and Upstream Gas), and the four geographical areas in which the Group has a stable presence: Italy, the Iberian Peninsula, Latin America and Eastern Europe. The integration between the Business Lines and more local structures enables them to focus on domestic markets while also sharing and implementing the best practices that the Group is developing in the areas in which the Group operates. Additionally, the new organisational structure, which will be more effective in implementing these best practices across the business, increases operational cost and investment efficiency as well as helping develop competitive innovations for the market.
Debt reduction and development in emerging markets are two of the principle features of the Group's operations over the last year, and the growth in Latin American countries and new markets is the key characteristic of the current course taken by the Group, which continues to diversify geographically and in technology and has seen significant results in renewable energy. In March alone, it new put new wind farms into service in Mexico and Chile that between them will generate up to 550 gigawatt-hours per year and began construction of three solar PV parks in South Africa that will have a combined installed capacity of 231 megawatts. Work also began on a 28MW wind farm in Brazil that will see the completion of a field with a total installed capacity of 118MW.