Enel Green Power presents strategic plan including renewable energy installations totaling 7.1 GW by 2019

Enel Green Power’s Upington solar PV plant in South Africa, 10 MW
Enel Green Power’s Upington solar PV plant in South Africa, 10 MW

Enel Green Power (EGP, Rome, Italy) on May 7th, 2015 presented its 2015–2019 strategic plan to the financial community. The new plan will leverage on sizeable increase in planned growth, assets value maximization, and active portfolio management.

Since its Initial Public Offering (IPO) in November 2010, Enel Green Power Group has demonstrated its capability to seize growth opportunities and confirmed its position as a global renewable energy player that has operations in 16 countries across four continents with close to 10 GW of net installed capacity diversified across five technologies, the company emphasizes.

This places EGP at the forefront of the current wave of growth in renewable energy.

“The substantial acceleration of growth, the maximization of asset value and the active management of our portfolio are the primary guidelines of our new strategic plan,” comments Chief Executive Officer and General Manager of Enel Green Power Francesco Venturini.

 

EGP focuses on growth in Africa, the U.S., Latin America, and Asia

“Enel Green Power will continue to focus on opportunities for growth in markets with excellent development prospects, such as Africa, where our recent success in South African tenders have made EGP the leading player in the continent’s renewables industry.”

Enel Green Power will devote EUR 8.8 billion to growth in its 2015–2019 strategic plan, a more than 60% increase on its previous plan, the company notes. This will lead to a total additional capacity of 7.1 GW by 2019. Over the next five years, Enel Green Power will enlarge its footprint and technological matrix in Latin America, where the bulk of new growth investment amounting to EUR 4.7 billion will be allocated mostly in Brazil, Chile and Mexico given their current potential for growth.

The company will also continue to tap opportunities available in the U.S. market, and will further consolidate its presence in the promising continent of Africa, where in the two years since stepping into South Africa, it has been awarded 1 GW of capacity in public auctions.

Finally the Group will begin to scout opportunities in Asia, where a number of countries have an abundance of resources, growth in demand and reliable regulatory frameworks.

 

2015-05-12 | Courtesy: Enel Green Power | solarserver.com © Heindl Server GmbH

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