European utility giant to take a position $ 190 billion in renewable infrastructure

Enel also plans to catalyze investments of $ 35.5 billion (30 billion euros) from third parties in its plan to accelerate the energy transition.




Europe (Natural Energy News): Italy's Enel plans to take a position US $ 190 billion (160 billion euros) by 2030 to extend renewable energy generation, decarbonization and grid infrastructure, a part of a replacement decide to become a "supermajor" in renewable energy. As the largest company in Europe. Tuesday.


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Enel also plans to catalyze investments of $ 35.5 billion (30 billion euros) from third parties in its plan to accelerate the energy transition.

Of all the planned investments, Enel will invest US $ 83 billion (70 billion euros) in renewable goods, expecting its total installed capacity to reach 120 gigawatts (GW) by 2030 in renewable capacity. It will currently be 2.7 times more than its renewable capacity. 45 GW.

The utility aims to reach an 80 percent reduction in direct carbon dioxide (CO2) emissions in 2017.

"With this new strategic plan, we are setting a direction for subsequent 10 years, raising 190 billion euros in investment to pursue our goals during a decade filled with opportunities," by Francesco Stars, CEO and Enel the overall manager said during a statement.

Enel shares rose more than 3 percent in Milan on Tuesday afternoon after the plan was introduced.


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Enel Green Power, a unit of Enel, U.S. Ltd., where it exists in 18 states with a combined installed capacity of 5.7 GW with wind, solar and geothermal plants. Enel Green Power has the largest renewable operations in the United States by mid-2020 with more than 5.5 GW of installed capacity in wind power.

The Italian company is the latest utility that promises significantly increased investments in renewables. Recently, Spain's Iberdrola stated that it would be going into renewables, with more than half or 51 percent of the growth in investment, and would invest US $ 759 billion (5 billion) on the 40 percent network. It is the largest investment program in the history of a Spanish company, the firm said earlier this month.


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