Enel Group

Enel is a multinational energy company and an integrated player in the global electricity, gas and renewable energy market. The group operates in more than 30 countries and produces electricity, managing about 88 GW of installed capacity. Enel distributes electricity and gas through a network of more than 2 million km to more than 65 million commercial and residential customers around the world.

Enel Green Power

The global renewable energy division of Enel Group is engaged in the development and management of renewable energy facilities around the world. Enel Green Power is represented in Europe, the Americas, Asia, Africa and the Pacific. Enel Green Power is a world leader in the green power sector and manages facilities with a total installed capacity of about 40 GW. The portfolio of assets includes hydroelectric power plants, geothermal power plants, solar and wind generation facilities, and biomass-powered power plants. Enel Green Power is actively working to bring innovative technologies to its renewable energy facilities.

History

2023: Chinese energy provider's $2.9 billion purchase of Peruvian assets

On April 7, 2023, the Italian energy company Enel S.p.A announced that its Peruvian division was selling its power distribution and supply assets. The buyer was China Southern Power Grid International (CSGI), China's largest energy provider.

The transaction amount will be $2.9 billion. The agreement provides that CSGI will acquire Enel Perú 's stakes in Enel Distribución Perú SAA (approximately 83.15% of the latter's share capital) and in Enel X Perù SAC (100% of the share capital). The transfer of assets requires regulatory approvals, including the competition authority in Peru, as well as the Chinese Foreign Investment Commission.

Italian energy company Enel S.p.A says its Peruvian unit is selling its power distribution and supply assets

The deal is expected to be beneficial to both sides. In particular, Enel is implementing a debt reduction program, under which it intends to part with some assets - primarily in Latin America and Europe. CSGI, in turn, will be able to strengthen its position in the Latin American market.

Overall, the transaction is projected to reduce the group's consolidated net debt [Enel] by about €3.1 billion in 2023 and positively affect reported net income. No influence on the usual results of activities is expected, the report says.

According to Enel itself, it serves over 1.5 million customers in Peru. In 2021, the company supplied 8.44 GVt·ch of electricity in this region. After the asset transfer is completed, Enel will focus on strengthening its position in six countries: Italy, Spain, the United States, Brazil, Chile and Colombia. At the end of 2022, Enel's net debt was approximately €60.1 billion, while the peak figure was recorded in September of the same year - almost €70 billion.^[1]

2022: Ban on the sale of a 56.43% stake in Enel Russia

On June 16, 2022, it was announced that the Italian Enel was selling its 56.43% stake in Enel Russia to Lukoil and the Gazprombank freesia fund.

Later, the deal to sell Russian energy assets to the Italian Enel - a controlling stake in Enel Russia - was frozen indefinitely due to a decree of the President of the Russian Federation, which until December 31, 2022 banned Western investors in the fuel and energy sector from leaving Russian business otherwise than by special permission.

2019: Protesters set fire to company skyscraper in Chile

In October 2019, protesters in Chile set fire to the skyscraper of the Italian electric company Enel due to a 20% increase in electricity prices.

2017

In 2017, Enel made progress on the four UN SDG goals the company adheres to, namely, 600,000 recipients under SDG No. 4; 1.7 million recipients under SDG 7 in Africa, Asia and Latin America; 1.5 million recipients under SDG No. 8 and reaching CO2 emissions of up to 400 g/kW * cheque under SDG No. 13. Enel has a commitment under SDG# 4 to reach 800,000 recipients by 2020; 3 million recipients mainly in Africa, Asia and Latin America under SDG 7; 3 million recipients under SDG# 8 and achieving CO2 emissions of less than 350 gCO2/kWcheque under SDG# 13.

Enel to build solar power plant in Brazil

Enel S.p.A., operating through its Brazil subsidiary Enel Green Power Brasil Participações Ltda. ('EGPB'), Brazil in received the right to sign a contract for the supply of electricity for a period of 20 years. The company will build solar generation facilities with an installed capacity of 388 MW (DC, equivalent to 240 MW AC) thanks to the victory in a tender organized by the Brazilian federal government with the support of regulator power engineering specialists ANEEL. Enel plans to invest about 355 million to dollars USA build the power plant. These investments are included in the Group's current strategic plan.

Enel was entitled to generate 49% of the electricity from the 791 MW (direct current) capacity of solar generation facilities proposed as part of the tender. Thus, the company was the leader among other bidders.

A São Gonçalo power station will be built in the municipality of São Gonçalo do Gurgea, Piaui. It is expected that the power plant will be commissioned in early 2021 and will be able to generate more than 850 GWh of renewable energy annually.

Enel in Brazil, operating through its EGPB and Enel Brasil subsidiaries, operates generation facilities with a combined installed capacity of about 2,660 MW, of which 670 MW are wind farms, 716 MW are solar power plants and 1,270 MW are hydroelectric power plants. At the construction stage, the country has facilities for solar generation with a capacity of 103 MW and wind generation with a total installed capacity of about 172 MW.

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