Money Buzz! Europa

Tag: enel

  • Enel revenues down 15.3 billion euros last year compared with 2019

    Enel revenues down 15.3 billion euros last year compared with 2019

    Enel revenues amounted to 65.0 billion euros, down 15.3 billion euros (-19.1%) compared with the 80.3 billion euros posted in 2019.

    The change is mainly attributable to lower revenues in end-user markets, caused by lower sales of gas and electricity in Spain and Italy, mostly due to the effects of the COVID-19 outbreak.

    EBITDA amounted to 17.9 billion euros, in line with 2019. 

    The number of employees at the end of 2020 was 66,717 (68,253 at the end of 2019).

    During 2020, the Enel Group produced a total of 207.1 TWh of electricity (229.1 TWh in 2019), distributed 484.6 TWh on its networks (507.3 TWh in 2019[3]) and sold 298.2 TWh (322.0[4] TWh in 2019).

    Outside Italy, the Enel Group produced in 2020 164.6 TWh of electricity (182.2 TWh in 2019), distributed 271.0 TWh (279.6[5] TWh in 2019) and sold 208.0 TWh (224.5 TWh in 2019).

  • Endesa to invest 2.9 billion euros in 23 green hydrogen projects in Spain

    Endesa to invest 2.9 billion euros in 23 green hydrogen projects in Spain

    Enel’s Spanish subsidiary Endesa has submitted a letter of interest to Spain’s Ministry of Ecological Transition to develop up to 23 green hydrogen projects in Spain.

    The investments associated with these projects, including the investment in the renewable plants that will power the electrolyzers, amount to approximately 2.9 billion euros.

    The projects cover different activities throughout the green hydrogen value chain, from production to consumption.

    As Pontes (A Coruña) is the most underway advanced project to date and will have a 100 MW electrolyzer and six associated wind farms, with an overall capacity of 611 MW.

    The project is expected to create some 1,600 jobs during the 18 months of construction.

    The electrolyzer’s construction is due to take around 24 months, employing approximately 120 people.

    Over some 20 years, the electrolyzer’s operation and maintenance is expected to require the work of around 100 people.

    The total investment in the As Pontes project will reach 738.2 million euros.

    The complex is expected to produce 10,000 tons of green hydrogen and employ some 130 professionals in operation and maintenance work (100 in the electrolyzer and another 30 in the wind farms).

  • Enel X has entered Singapore’s demand response market

    Enel X has entered Singapore’s demand response market

    Enel X has entered Singapore’s demand response market. Enel X’s virtual power plant will support the National Electricity Market of Singapore (NEMS), with the aim to improve overall system security and efficiency.

    Enel X in Singapore will work with global and local commercial as well as industrial businesses in order to provide demand response services to the grid.

    Virtual power plant participation in Singapore is increasingly important as demand for energy grows, particularly with the emergence and development of electricity-intensive sectors, such as data centers.

    In addition to industrial gas producers and data centers, industries well suited to participate include technology companies, cold storage units, food processing and manufacturing facilities, water utilities as well as commercial buildings.

  • Enel Green Power and Novartis strike deal for renewable energy agreement

    Enel Green Power and Novartis strike deal for renewable energy agreement

    Enel Green Power and Novartis have signed a 10 year, 100% renewable Virtual Power Purchase Agreement (VPPA) for 78 MW of renewable power.

    This Pan-European VPPA will start in January 2022 and will help Novartis achieve its goals for 100% renewable electricity and carbon-neutrality across its European operations by 2025.

    The energy through this VPPA will be generated by the 179.9 MW TICO Wind Farm, located in the Spanish province of Zaragoza, which will be operational in early 2022.

    Through the agreement, the renewable energy provided to Novartis will avoid the annual emission of around 96,400 tons of CO2 into the atmosphere.

  • Enel net income up 9% in the first nine months of 2020

    Enel net income up 9% in the first nine months of 2020

    Enel revenues at 48,050 million euros (59,332 million euros in the first nine months of 2019, -19.0%). EBITDA at 12,705 million euros (13,209 million euros in the first nine months of 2019, -3.8%).

    EBIT at 6,975 million euros (4,199 million euros in the first nine months of 2019, +66.1%).

    Enel group net income at 2,921 million euros (813 million euros in the first nine months of 2019, +259.3%) and net financial debt: 48,953 million euros (45,175 million euros in full year 2019, +8.4%).

    Enel interim dividend for 2020 of 0.175 euros per share, in payment from January 20th, 2021, an increase of 9.4% compared with the interim dividend distributed in January this year

  • Enel X launched its own online banking account and payment app

    Enel X launched its own online banking account and payment app

    Enel X makes its debut in the digital financial services and mobile banking sector with Enel X Pay, the online banking account from Enel X Financial Services.

    The partnership with Mastercard enables users to make fully secure payments and transfers in real time directly via smartphone app.

    They can have a digital or physical card and monitor the transactions and spending of the whole family.

    Enel X Pay is a native digital account, involving a card and an Italian IBAN, which allows users to perform multiple types of transactions: from the payment of bills, taxes and duties of the Public Administrations signed up to Italy’s pagoPA circuit, to SEPA transfers, from the peer-to-peer transfer of money with no additional costs, to donations aimed at solidarity initiatives to third sector associations like Save the Children, Food for Soul and Doctors without Borders.

    Users can manage the Enel X Pay banking account directly from the app bundled with a digital and physical card.

    The card is made out of plant-based bio-plastic and is linked to Mastercard, the key international payment circuit with over 52 million points of acceptance around the world.

  • MET Group acquires a 42 MW wind park in Bulgaria

    MET Group acquires a 42 MW wind park in Bulgaria

    Swiss-based energy company MET Group has acquired a 100% stake in a 42-megawatt wind park in Bulgaria, after signing a share purchase agreement with Italian Enel Green Power.

    The wind park is located close to Kavarna, in North-eastern Bulgaria. The closing of the transaction is expected to take place before the end of December 2020.

    The wind park, the fifth largest in Bulgaria, consists of two sites in the municipality of Shabla and Kamen Bryag, with 14 units of Vestas-V90 wind turbines – 3 MW capacity each.

    The wind farm, operating since 2010, supplies power equivalent to the consumption of around 30.000 households.

  • Enel X at 50.000 charging points available throughout Europe

    Enel X at 50.000 charging points available throughout Europe

    Enel X expands its electric vehicle (EV) charging network to more than 50.000 public charging points.

    This significant increase from about 30.000 already available in early June was made by kicking off eRoaming connectivity with North European EV charging point operator Last Mile Solutions as well as has·to·be and E.ON.

    Under the framework of the Hubject e-mobility platform, this progress now allows Enel X JuicePass app users to charge their EVs, without signing new contracts, in the charging points operated by Last Mile Solutions, has·to·be and E.ON, on a network of around 20.000 additional charging points in Austria, Belgium, Switzerland, Germany and the Netherlands.

    JuicePass customers will now be able to use the app and cross the borders with one single interface from the Nordics through Germany, Austria and Switzerland on their trip to Italy.

    Enel X is expected to increase its network of public and private charging points made available worldwide to approximately 736.000 by 2022 from around 130.000 available today.

    What is Hubject?

    The Hubject e-mobility joint venture was founded in 2012.

    Headquartered in Berlin, its shareholders are, alongside Enel X: BMW Group, Bosch, EnBW, Mercedes Benz AG, Innogy, Siemens and the Volkswagen Group.

    The joint venture boasts over 750 business partners as well as 250.000 interoperable charging points in Albania, Austria, Belgium, Brazil, Bulgaria, Canada, Colombia, China, Croatia, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Latvia, Liechtenstein, Luxembourg, Macedonia, Malta, the Netherlands, New Zealand, Norway, Peru, Poland, Portugal, the Republic of Korea, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States.

  • Master in “Smart Grids” at Politecnico di Milano, powered by Enel

    Master in “Smart Grids” at Politecnico di Milano, powered by Enel

    The Politecnico di Milano, in collaboration with the Enel Group, launches the first, second level international Specializing Master dedicated to training experts in the field of Smart Grids.

    This unique course is for recent graduates and aims to train highly qualified professionals to be capable of tackling complex problems in the design and management of digital networks, as well as promoting technological innovation in the field of electricity distribution systems.

    Smart Grids are digital and resilient infrastructure that enable the decarbonization and electrification of the energy system through the complete integration of distributed generation from renewable sources and the active participation of consumers in the energy market.

    Enel is one of the leading Smart Grids operators in the world, managing more than two million km of power lines in eight countries, and has always been recognized as a leader in innovation in this sector.

    The second level Specializing Master open to international students will contribute to the creation of solid skills in the design and automation of electrical systems, with the in-depth study of innovative technological solutions.

    The program includes theoretical lessons and experimental training in the laboratory with: 330 hours of lectures dedicated to the energy context, Smart Grid specificities and implementation, a technical focus on Health&Safety; 100 hours of laboratory work and; 210 hours of project work in Enel.

    Applications for the Smart Grids second level Specializing Master can be submitted through January 6th, 2021.

  • Enel launches four contests to design the power stations of the future

    Enel launches four contests to design the power stations of the future

    Enel launches “The new energy spaces”, four contests for the design of modern and efficient power plants necessary for the decommissioning of coal plants.

    The goal is to create energy hubs in which renewable sources (solar photovoltaic), energy storage batteries and gas systems will coexist, increasingly integrated with the surrounding environment, thanks to projects that reduce the impact on the landscape and that reimagine the idea of ​​the power plant, also making spaces available to local communities.

    Participants are asked to present project ideas that respect the principles of sustainability and circular economy, through the reuse of existing structures, and which can be adapted to the different conversion phases of the plants.

    The contests concern four power plants: La Spezia, Fusina, Civitavecchia and Brindisi, and will be carried out in collaboration with the Universities of Genoa, IUAV of Venice, Tuscia and Salento.

    In order to encourage wider involvement, the calls for tenders provide indications for the participation of young people under 40 and for gender equality.

    The projects will be evaluated by a commission composed of representatives from Enel, the universities and representatives of local communities.

    The three best projects selected for each of the four tenders will be acquired by Enel and the winners will be entrusted with the architectural design of their proposal for the construction of the plants, for which the authorization procedures are currently underway.

  • Enel increased its shareholding in Enel Chile by an additional 3%

    Enel increased its shareholding in Enel Chile by an additional 3%

    Enel has increased its stake in its Chilean subsidiary Enel Chile S.A. to 64.9% of the company’s share capital, by settling two share swap transactions entered into in December 2019 with a financial institution to acquire up to 3% of the share capital of Enel Chile.

    Pursuant to the Swap Transactions, Enel has acquired:

    • 1.502.106.759 shares of Enel Chile common stock;
    • 11.457.799 Enel Chile American depositary shares, each representing 50 shares of Enel Chile common stock.

    The above-mentioned securities represent, in the aggregate, 3% of Enel Chile’s share capital.

    In accordance with the Swap Transactions, the total price paid for the shares of Enel Chile common stock and ADSs amounts to approximately 174 million US dollars, equal to around 154 million euros, and was funded through internal cash flow generation.

    The above-mentioned transactions are in line with the Enel Group’s announced objective to increase its stake in the Group’s companies operating in South America, buying out minorities.

  • Enel Green Power awarded the contract for its first solar plant in India

    Enel Green Power awarded the contract for its first solar plant in India

    Enel Green Power has been awarded the right to sign a 25-year energy supply contract for a 420 MWsolar project in India.

    Located in the State of Rajasthan, the project will be its first solar plant in the country.

    The project was awarded under the 2 GW Ninth Tranche of the national solar tender issued by the government company Solar Energy Corporation of India Limited.

    Construction works over 180 million US dollars

    The construction of the solar plant, which is expected to start operations at the end of 2021, will involve an investment of approximately 180 million US dollars.

    Under the energy supply contract to be assigned to EGP pursuant to today’s tender, the solar project delivers specified volumes of energy over a 25-year period to SECI.

    The facility will be able to generate more than 750 GWh of renewable energy per year, enough to avoid the annual emission of around 681.600 tons of CO2 into the atmosphere.

    Enel Green Power, through EGP India, one of India’s leading renewable energy companies, owns and operates 172 MW of wind capacity producing around 340 GWh per year in Gujarat and Maharashtra.