The Electric Company Enel Will Invest 32 Billion in Renewable Energy Over the Next 10 Years to Become a Green “Giant”

Written by Valdemar Medeiros

Published on 25/11/2020 at 12:41

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In Brazil, Enel intends to invest €5 billion, which, at the current exchange rate, is more than R$30 billion, in the next three years. This is equivalent to 12.5% of its global investment plan for the season.

On Tuesday (24), the president of Enel, Francesco Starace, stated that the main focus of the company’s investments is renewable energy generation projects, as the company has strongly established itself in the Brazilian distribution market.

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Enel is the largest utility in the field in Brazil. As the largest renewable energy distribution company in the country, it controls distribution not only in São Paulo but also in other states, such as Ceará, Goiás, and part of the state of Rio de Janeiro.

Enel Aims to Balance Position in Renewable Energy Generation and Distribution

In an interview, Starace stated that regarding the investment plan for the next three years, Enel aims to level its position in the renewable energy generation and distribution market in the countries where it operates.

ARTICLE CONTINUES BELOW

Enel Adjusts Growth of Investments in Distribution with Aneel

Enel has adjusted the investment volume in distribution concerning negotiations with Aneel about the economic-financial rebalancing of agreements due to the conditions caused by the pandemic.

During the pandemic, Enel’s headquarters in São Paulo faced several protests over unjustified increases in electricity bills, as deemed by customers. In August, it signed a Conduct Adjustment Term – TAC with Procon-SP, thereby restructuring the debts of customers who formalized their complaints.

The Electric Company Enel Will Invest 32 Billion in Renewable Energy Over the Next 10 Years to Become a Green “Giant”

In Brazil, Enel intends to invest €5 billion, which, at the current exchange rate, is more than R$30 billion, in the next three years. This is equivalent to 12.5% of its global investment plan for the season.

Also Read

Enel Aims to Balance Position in Renewable Energy Generation and Distribution

Enel Adjusts Growth of Investments in Distribution with Aneel

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The Electric Company Enel Will Invest 32 Billion in Renewable Energy Over the Next 10 Years to Become a Green “Giant”

In Brazil, Enel intends to invest €5 billion, which, at the current exchange rate, is more than R$30 billion, in the next three years. This is equivalent to 12.5% of its global investment plan for the season.

Also Read

Enel Aims to Balance Position in Renewable Energy Generation and Distribution

Enel Adjusts Growth of Investments in Distribution with Aneel

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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