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

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

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