Enel Green Power
|This article needs additional citations for verification. (April 2012)|
|Type||Società per azioni|
|Traded as||BIT: EGPW, BMAD: EGPW|
|Key people||Luigi Ferraris (Chairman), Francesco Venturini (CEO)|
|Products||Wind power, solar energy, geothermal energy, hydroelectricity, biomass|
|Revenue||€2.179 billion (2010)|
|Operating income||€794 million (2010)|
|Profit||€452 million (2010)|
|Total assets||€13.13 billion (end 2010)|
|Total equity||€7.344 billion (end 2010)|
|Employees||2,955 (end 2010)|
Enel Green Power S.p.A. is an Italian multinational renewable energy corporation, headquartered in Rome. The company was formed as a subsidiary of the power generation firm Enel in December 2008, grouping its global renewable energy interests. Enel Green Power has operations in over 16 countries across Europe, North and South America and generates energy principally from hydroelectricity, wind, solar power, geothermal electricity and biomass sources. At the end of September 2011, the company's total worldwide installed capacity was 6,490 MW a figure which it intends to increase to 10,400 MW by 2015.
A 30.8% stake in the company was floated on the Borsa Italiana and Bolsa de Madrid in November 2010, raising €2.6 billion and marking the largest initial public offering in Europe since that of Iberdrola Renovables in December 2007.
More than half of Enel Green Power’s plants are located in Italy for a net installed capacity of around 2,830 MW. The production mix includes Geothermal electricity, hydroelectricity, wind, Solar power, whose development had a strong boost in 2011 and will be increasingly present in the coming years. Enel Green Power is also a leader in geothermal with 34 power plants located in Tuscany, representing a capacity of 728 MW, providing an annual production of over 5 billion kWh. The company is a world reference for this technology, with a presence in the area of Larderello in Tuscany, as early as the beginning of last century. Wind energy has been the source that in the last decade has seen the greatest growth in Italy and to which Enel Green Power will contribute in a meaningful way. In the field of solar energy, Enel Green Power can count on strong skills acquired in Italy through the franchisee model of Enel Green Power Retail. In addition, a thin-film photovoltaic panels factory was inaugurated in 2011 in Catania, through a joint venture with Sharp and ST-Microelectronics. The generation of electricity from solar energy is coming from 67 MW installed in 2011, (data as of the end of September)
Enel Green power has a presence in the Iberian Peninsula thorough a total installed capacity of 1,707 MW and 120 plants. This presence is the result of the integration of renewable energy activities of Enel and Endesa. The wind technology, with about 90 plants for a net installed capacity of 1,530 has the biggest share, but the production mix also includes mini-hydro with about 10 plants for 57MW, solar with 3 plants for 14MW and cogeneration and biomass with 20 plants representing 107MW.
Enel Green Power has substantial presence in Romania, which has recently launched a major program to support investments in renewables. At the end of 2012, Enel Green Power had five operating wind farms with an installed capacity of 292MW, and another 206MW under construction. Enel Green Power is also present in Bulgaria with two wind farms representing 42 MW.
Enel Green Power, currently has 10 wind farms with an installed capacity of 166 MW and its strategy is to significantly develop its presence in on shore wind, while continuing to evaluate possible investments in photovoltaic.
In North America, Enel Green Power has an overall capacity of 786 MW across four technologies. In the United States Enel Green Power owns more than 60 hydroelectric plants (313 MW of installed capacity), 21 wind farms (378 MW of net installed), 2 geothermal plants (47 MW of net installed) and in Canada a biomass plant (21 MW of net installed capacity) and a wind farm (27 MW of net installed capacity). With a strong focus on innovation, EGP started operations of the first hybrid solar-geothermal plant at the Stillwater site in Nevada. 17MW of geothermal are also in development in Cove Fort, while for wind Enel Green Power completed at the end of 2011 the 200MW of the Caney River wind farm in Kansas, and initiated construction of the 150MW Rocky Ridge plant in Oklahoma.
Enel Green Power has a presence in Central and South America with 34 plants spread across Mexico, Costa Rica, Guatemala, Nicaragua, Panama, Chile and Brazil. In addition Enel Green Power owns a stake in a company in El Salvador which operates a geothermal plant. Enel Green Power currently has 32 hydroelectric plants with an installed capacity of 645MW of which one plant in Panama accounting for 300 MW - the second infrastructure after the Canal - generating 25% of the country. It is also building in Guatemala, in the region of Quiche, the run of the river hydroelectric plant in Palo Viejo with a capacity of 85 MW and in Costa Rica the Chucas hydroelectric plant with a capacity of 50MW. Enel Green Power also owns a 24 MW of wind farm in Tilaran, Costa Rica, and has recently won an the auction in Brazil to develop an additional 193MW to be added to the 90MW awarded at a previous auction.
- "Annual Report 2010". Enel Green Power. Retrieved 30 April 2011.
- "Europe's biggest IPO since crisis gets poor start". France 24. Agence France-Presse. 4 November 2010. Retrieved 4 November 2010.
- "Enel Green Power commissions 48MW wind farm in Romania". ReCharge. 2012-08-30. Retrieved 2012-12-16.