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.

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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

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

China has deployed snake-shaped robots to slide along power lines, where they have already inspected over 130 kilometers of cables using cameras and sensors to detect damaged wires, worn-out parts, and overheating.

Astronomers discover black hole wind traveling at 323 million km/h, a speed equivalent to 30% of the speed of light and considered a record.

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