The next 10 years will be decisive for the future of the planet. The year 2030 is also the time horizon that the Enel Group is looking towards. Our new 2021-2023 Strategic Plan is flanked by a long-term vision – what will Enel be like in 10 years’ time and what role will it play in fostering the energy transition?
The energy transition is now under way and there is no turning back. It is leading us towards a new world in which renewables will become the main source of energy. This is also thanks to energy storage systems that can compensate for intermittent energy sources like the sun and the wind. However, the transformation currently taking place concerns all aspects of the energy system. The electrification of new sectors (e.g., transport) is contributing increasingly to the reduction in greenhouse gas emissions, while in those areas in which the process is more difficult, a key role will be played by green hydrogen, produced with processes powered by renewable energies. In addition, the improvement of energy efficiency, favored by network digitalization, will further contribute to the reduction in greenhouse gas emissions.
Today our Group is in a leadership position in all of these sectors. Thanks to the strategies that we have been pursuing in recent years, we are now the world’s leading private operator in renewable energies, with around 49 GW of managed installed capacity; the largest private grid operator (more than 74 million end users); and the operator with the largest customer base (more than 70 million). We are also at the cutting edge when it comes to digitalization: we pioneered smart meters and, more recently, we were the first large utility to achieve the transition to full cloud in our activities, helping the Group become an integrated platform for managing the energy system.
Beginning with the results we have already achieved, over the next 10 years we aim to mobilize around 190 billion euro to accelerate the energy transition, for instance by tripling our renewable managed installed capacity to 145 GW, with the gradual closure of coal-fired power plants that will ensure, by 2030, an 80% reduction in emissions compared with 2017.
Our investments will not only have a positive impact on the environment, shareholders and customers, but will contribute in a significant way to the economic relaunch of the countries in which the Group is present, generating shared value for the entire community and contributing to sustainable progress. For years now our strategy has been guided by the UN’s 17 Sustainable Development Goals (SDGs), with a particular focus on SDG#7 (Affordable and Clean Energy), SDG#9 (Industry, Innovation and Infrastructure), SDG#11 (Sustainable Cities and Communities) and SDG#13 (Climate Action). We believe in a just transition that’s accessible to everyone and which benefits both the environment and society as a whole.
Our purpose is Open power for a brighter future: we empower sustainable progress.