Enel Green Power

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Enel Green Power S.p.A.
Società per azioni
Traded as BITEGPW, BMADEGPW
Industry Energy
Founded December 2008
Headquarters Rome, Italy
Key people
Luigi Ferraris (Chairman), Francesco Venturini (CEO)
Products Wind power, solar energy, geothermal energy, hydroelectricity, biomass
Revenue €2.179 billion (2010)[1]
€794 million (2010)[1]
Profit €452 million (2010)[1]
Total assets €13.13 billion (end 2010)[1]
Total equity €7.344 billion (end 2010)[1]
Number of employees
2,955 (end 2010)[1]
Parent Enel
Website www.enelgreenpower.com

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. It 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, 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.[2]

Operations[edit]

Europe[edit]

Italy[edit]

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 emphasized 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 and providing an annual production of over 5 billion kWh. The company is a world reference for this technology. It initiated its first center in the area of Larderello in Tuscany, as early as the beginning of last century.

Wind energy has had the greatest growth in Italy since the beginning of the 21st century, including ENEL facilities.

In the field of solar energy, Enel Green Power developed the franchisee model in Italy 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).

Iberian Peninsula[edit]

Enel Green power has facilities 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. The production mix includes mini-hydro with about 10 plants for 57MW, solar with 3 plants for 14MW, and cogeneration and biomass with 20 plants representing 107MW.

Eastern Europe[edit]

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.[3] Enel Green Power is also present in Bulgaria with two wind farms representing 42 MW.

Other countries[edit]

France[edit]

Enel Green Power, has 10 wind farms with an installed capacity of 166 MW ; its strategy is to develop facilities to make use of on-shore wind, while continuing to evaluate possible investments in photovoltaic.

Greece[edit]

Enel Green Power is present in Greece, with 14 wind farms for a net installed capacity of 172 MW and 5 hydroelectric plants for 14 MW.

North America[edit]

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), and 2 geothermal plants (47 MW of net installed). In Canada it has a biomass plant (21 MW of net installed capacity) and a wind farm (27 MW of net installed capacity).

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. Enel Green Power completed at the end of 2011 the 200MW Caney River wind farm in Kansas, and initiated construction of the 150MW Rocky Ridge plant in Oklahoma.

Latin America[edit]

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. It recently won an the auction in Brazil to develop an additional 193MW, to be added to the 90MW awarded at a previous auction.

Recent Events[edit]

On Nov. 11, 2014, the United States Attorney for the Northern District of Oklahoma filed suit against Enel's subsidiary. Osage Wind LLC, an 84-turbine industrial wind project in Osage County, Okla.[7] In the suit, the United States alleges that Enel and Osage Wind are illegally converting minerals owned by the Osage Nation, a Native American tribe that has owned all mineral rights in the county since 1871. [8]The suit says that Osage Wind should have obtained a permit from the Bureau of Indian Affairs before mining rock and other material for the pits in which turbine bases are built. The United States asked that all excavating on the 8,500 acre site cease and that dozens of turbines that are already being erected be removed.[9] Osage Wind has insisted that it is not mining and needs no permit. The company says that it has already spent nearly $300 million on the project, which is being built on privately owned fee land, not land held in trust for American Indians. [10]

Osage Wind LLC and a second and adjacent Enel wind project, Mustang Run, are also embroiled in challenges pending before the Oklahoma Supreme Court in which the Osage Nation and Osage County, Okla., are challenging the constitutional legitimacy of permits for both projects. [11][12]

References[edit]

  1. ^ a b c d e f "Annual Report 2010". Enel Green Power. Retrieved 30 April 2011. 
  2. ^ "Europe's biggest IPO since crisis gets poor start". France 24. Agence France-Presse. 4 November 2010. Retrieved 4 November 2010. 
  3. ^ "Enel Green Power commissions 48MW wind farm in Romania". ReCharge. 2012-08-30. Retrieved 2012-12-16. 

External links[edit]