“In all emerging markets, the additional capacity comes mainly from renewables. The industry has come of age thanks to regulatory authorities. It now has an independent and competitive adult life with many global players that are entering the market and the need for continuous technological innovation”
The 2016 watershed
The year 2016 was a watershed year for many reasons. “Solar energy is a renewable source that has reached the greatest capacity, 70 gigawatts at global level, becoming the most affordable way to produce electricity compared to any other, including traditional sources,” explained Amoroso. This allows Enel Green Power to participate in supply tenders in many emerging countries at values that are absolutely competitive with oil, gas and coal, without mentioning the benefits in terms of environmental impact. Being present on most markets, therefore, allows diversifying risk and leveraging economies of scale at global level.
“Ask the right question” is the motto of the Cologne convention. The university students attending the event asked countless questions to the panel on energy which, in addition to Amoroso, included Harry Lehmann, Head of the Environmental Planning and Sustainable Strategies Division of the German Federal Environment Agency, and Jochen Schwill, CEO of Next Kraftwerke. For example, how do you innovate in the energy market?
“We believe in Open Innovation: we scout for ideas and innovative technologies among start-ups, research bodies and university spin-offs and bringing them inside the company in an integrated way,” concluded Amoroso. “Do-it-yourself in innovation does not pay off.”