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Enel Americas Presents Its 2022/2024 Investment Plan to Investors, Along With Innovations for the Brazilian Market. Brazil Will Account for 61% of the Company’s Total Investment

Written by Paulo Nogueira
Published on 03/12/2021 at 20:28
Updated on 03/12/2021 at 20:29
Enel investimentos fonte folha de São Paulo
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Enel Revealed Its Investment Plans for 2022/2024, with Great Emphasis on Brazil. Check Out More Details.

Enel Americas, represented by its CEO Mauricio Bezzeccheri, made a two-part presentation on the company’s future investments, along with its commitment to transitioning its portfolio to renewable energy. In the first event last week, there was a broader description of the company’s future, showcasing more about the technologies in which the company is investing to optimize energy generation and distribution processes.

In the second meeting, which took place on 12/01, carbon targets were detailed, as well as the prioritization of investments. To facilitate the understanding of the information, each topic will be addressed separately, allowing for the evaluation of each of the main proposals offered.

Enel Americas Aims to Deploy Batteries at Each of Its Renewable Energy Plants

We are planning battery systems in all renewable plants; what is missing is regulatory treatment [for the issue]. It must be recognized by regulatory agencies for us to have compensation,” said Bezzeccheri.

He also mentioned that the main argument used in regulatory agencies of countries that have not yet approved this use has been the experiences and success that the company has already accumulated in countries where it has been authorized.

The company already has plants with batteries in several countries in Latin America, such as Chile, Peru, and Colombia, and one of the main advantages of batteries as part of the renewable plants project is that they can provide grid support services, helping to maintain transmission frequency.

Digitalization Investments in the Grid for Smarter Energy Distribution

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This is another innovation that Enel has been developing in an agreement with Aneel (National Electric Energy Agency), as to move forward, it was necessary for the investment to be included in the regulatory remuneration base.

“We worked for 1 to 1.5 years, and in the end, Aneel gave the green light to recognize the smart meter within the RAB,” he told investors.

These smart meters considerably optimize the distribution of produced energy, allowing for smarter processes in a higher quality service.

The company’s plans are to begin this digitalization in operations in São Paulo, where Enel serves instead of the former Eletropaulo. After São Paulo, used as a successful example and facilitating processes, the smart meters will also be deployed to Ceará, Goiás, and Rio de Janeiro, although there is no timeline yet for when this second phase will occur.

Between 2022 and 2024, Enel estimates that approximately US$ 300 million will be invested for the installation of around 1.4 million smart meters in São Paulo.

The replacement of the eight million meters in the distributor’s concession area is expected to cost approximately US$ 1 billion, but the installation of the equipment will be done gradually and there is no set timeframe for when it will be completed.

What Is Enel’s Investment Plan for Brazil?

The investment values were distributed between the two meetings, with the total investment value in the region for the 2022/2024 biennium being US$ 8.9 billion, of which US$ 5.6 billion will be invested in Brazil, with the remainder allocated to Uruguay, according to Bezzeccheri.

Enel Investments
Enel intends to invest heavily, with the areas receiving the most investment being green energy generation and distribution. Source of Image: Valor Econômico

What stands out in these values is the percentage of investment in the company’s energy generation. Brazil will receive 67% of the company’s energy investments over the next 2 years, with another area that will also receive investments being the distribution network.

Another important goal that the company presented in this second meeting is that it intends to achieve zero emissions by 2040, phasing out coal generation by 2027 and eliminating gas generation by 2040.

The CEO emphasizes that these investments in Brazil will further enhance the country’s prominence in the company’s plans, which at this time already accounts for 66% of the entire pipeline of 56 GW that the company possesses.

Paulo Nogueira

Eletrotécnica formado em umas das instituições de ensino técnico do país, o Instituto Federal Fluminense - IFF ( Antigo CEFET), atuei diversos anos na áreas de petróleo e gás offshore, energia e construção. Hoje com mais de 8 mil publicações em revistas e blogs online sobre o setor de energia, o foco é prover informações em tempo real do mercado de empregabilidade do Brasil, macro e micro economia e empreendedorismo. Para dúvidas, sugestões e correções, entre em contato no e-mail informe@en.clickpetroleoegas.com.br. Vale lembrar que não aceitamos currículos neste contato.

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