1 min read 11 Jan 22
Enel, the Italian utility and another company at the vanguard of renewable energy deployments shares the philosophy of sustainable growth. Enel is a domestic champion but also a global company with a significant presence in the long-term growth markets of South America.
Enel’s strategy combines significant and growing investment in renewables with an acceleration in decarbonisation. The company is planning to triple renewables capacity by 2030, with wind and solar power expected to account for 80% of total capacity by the end of the decade. Coal is expected to be phased out completely by 2027.
Enabling the development of electric mobility is another key initiative, with Enel embarking upon the single largest deployment of charging stations in Europe. The company is proposing to quadruple the number of charging stations across the group over three years, from 186,000 at the end of 2020 to 780,000 in 2023.
Enel also has a clear commitment to returning cash to shareholders. The company’s guidance for dividend growth over three years is at least 7% per annum.
More than 50 years ago Enel’s first hydro-electric power plant was a milestone in sustainable energy production. Now it’s their biggest source of renewable energy.