Enel SpA is an Italy-based multinational power company and an integrated operator in the global power, gas and renewables markets. It is active in Europe and is present in more than 30 countries, producing energy with over 86 gigawatt (GW) of installed capacity. Enel distributes electricity through a network of over 2.2 million kilometers, supplying 74 million business and household end users globally. Enel's renewables arm Enel Green Power supplies energy with more than 46 GW of wind, solar, geothermal and hydropower plants installed in Europe, the Americas, Africa, Asia and Oceania. Enel X is Enel's global business line focusing on energy-related products and services including distribution systems and batteries, smart lighting and energy and electric mobility.
Rome, October 7th, 2021 - Thanks to a partnership between Enel X and ADR (Aeroporti di Roma, Airports of Rome),second-life batteries from electric vehicles will be integrated into a 30 MW solar park being built at Rome Fiumicino Airport and scheduled to be finished by 2024, helping to drastically reduce emissions at the airport. The project, called Pioneer- airPort sustaInability secONd lifE battEry stoRage, has been awarded a grant of more than 3 million euros from the Innovation Fund, the EU's climate innovation fund, and involves the construction of an innovative 10 MWh storage system based on electric vehicle batteries in their second-life cycle. The batteries will be used to store the excess energy produced by the solar plant and cover any evening energy demand peaks at the airport. https://www.enel.com/media/explore/...rge-storage-system-with-second-life-batteries
Enel X and Gogoro partner to make the power grid smarter in Taiwan Enel X,the world’s leading virtual power plant (VPP) and demand response service provider, and Gogoro®, a global technology leader in battery swapping ecosystems that enable sustainable urban mobility, today announced they will support the integration of more renewable power on electricity grids utilizing Enel X’s VPP platform and Gogoro Network’s battery swapping platform, beginning in Taiwan. The project is designed to support the local electricity grid run by Taiwan Power Company (TPC), Taiwan’s public power utility. The announcement was made during a TPC hosted press conference in Taipei, Taiwan. https://www.enel.com/media/explore/...ner-to-make-the-power-grid-smarter-in-taiwan-
Enel, the road to 2030 in the 2022–2024 Strategic Plan: powering investments towards zero emissions with focus on the electrification of customer energy demand The Group expects to mobilize total investments of 210 billion euros between 2021 and 2030, of which 170 billion euros directly invested by the Enel Group (+6% on the previous Plan) and 40 billion euros catalyzed through third parties. Between 2020 and 2030, Group Ordinary EBITDA is expected to increase at a 5%-6% Compounded Annual Growth Rate (“CAGR”) while Group Net Ordinary Income is expected to increase at a 6%-7% CAGR. The Group brings forward its Net Zero commitment by 10 years, from 2050 to 2040, both for direct and indirect emissions. The value created by the Group for customers is expected to bring an up to 40% reduction in their energy spending, alongside an up to 80% reduction of their CO2 footprint[1] by 2030. In 2024, Group Ordinary EBITDA is expected to reach 21.0-21.6 billion euros, compared to 18.7-19.3 billion euros estimated in 2021. Group Net Ordinary Income is expected to increase to 6.7-6.9 billion euros in 2024, compared to 5.4-5.6 billion euros estimated in 2021. Enel’s dividend policy for the period remains simple, predictable and attractive. Shareholders are expected to receive a fixed Dividend Per Share (“DPS”) that is planned to increase by 13%, up to 0.43 euros/share, between 2021 and 2024. The planned growth in earnings, coupled with the underlying Dividend Yield[2], is expected to translate into a 2022-2024 Total Return of around 13%. https://www.enel.com/media/explore/...the-electrification-of-customer-energy-demand
Rome, December 16th, 2021 The Board of Directors of Enel S.p.A. ('Enel' or the 'Company'), which met today under the chairmanship of Michele Crisostomo, authorized Enel's issuance, by December 31st, 2022, of one or more non-convertible subordinated hybrid bonds, including perpetual bonds, for up to a maximum amount equal to 3 billion euros. These bonds are to be placed exclusively with European and non-European institutional investors, including through private placements. In the same resolution, Enel's Board of Directors also revoked the previous February 25th, 2021 resolution concerning the issuance of one or more bonds by the Company, for the portion not yet implemented, amounting to approximately 0.75 billion euros, without prejudice to all effects arising from issues already carried out. The new bonds, if issued, will aim to further strengthen the Group's capital and financial structure, and/or refinance Enel’s outstanding hybrid bonds. The Board of Directors also delegated to the Chief Executive Officer the task of deciding on the issuance of new bonds and their respective characteristics and, therefore, of establishing for each issue, taking into account the evolution of market conditions, the timing, amount, currency, interest rate and further terms and conditions, as well as the placement methods and any listing on regulated markets or multilateral trading facilities. Enel's Board of Directors approves the issue of hybrid bonds up to a maximum of 3 billion euros | Enel Group
