Global utility and electricity distributor Enel announced its plans to invest over €10 billion in 11.6GW of new renewable energy capacity from now to 2021.
In a presentation detailing its 2019-2021 industrial plan, Enel announced its production would go from 48% carbon free to 62%, tipping the scales to a majority of renewable and clean energy projects. “In this plan”, said Enel’s CEO Francesco Starace, “we are pushing the development of increasing quantities of renewables, leveraging on our geographical and technological presence and our know-how”.
Enel expects to double its wind capacity projects in North & Central America by 2021. Increases are also planned for hydroelectric and geothermal power.
“Interest in corporate deals is now also keen in Mexico, and Central and Latin America”, added Mr. Starace.