Enel Green Power
Encyclopedia
Enel Green Power S.p.A. is an Italian
multinational
renewable energy
corporation, headquartered in Rome
. The company was formed as a subsidiary
of the power generation firm Enel
in December 2008, grouping its global renewable energy interests. Enel Green Power has operations in over 15 countries across Europe
, North
and South America
and generates energy principally from hydroelectricity
and wind
sources, which together account for around 85% of its total installed power capacity
. The firm also operates in the solar, geothermal and biomass
sectors. At the end of 2010, the company's total worldwide installed capacity was over 6,100MW, a figure which it intends to increase to 9,200MW by 2014.
A 32.5% stake in the company was floated on the Borsa Italiana
and Bolsa de Madrid
in November 2010, raising €2.6 billion and marking the largest initial public offering
in Europe since that of Iberdrola Renovables
in December 2007.
accounted for over two-thirds of its revenues in 2009. In total, the company has over 2,500MW of installed capacity in Italy, over half of which is supplied by over 250 hydroelectric power plants
. The company also operates over 30 wind farms and a similar number of geothermal power plants, and further capacity is supplied by photovoltaic
and biomass power stations. Over 1,750 people are employed by Enel Green Power in Italy, making up around two-thirds of the firm's total worldwide workforce.
and Bulgaria
. In the former, the firm is developing wind farm capacity of up to 500MW, the first tranche of which (64MW) came online in 2010. In Bulgaria, Enel Green Power possesses 42MW of operational wind capacity.
and Portugal
, the vast majority of which is wind-powered. Its assets incorporate those of its parent company as well as those of Enel's majority-owned Spanish subsidiary Endesa
and the company Enel Unión Fenosa Renovables (Eufer), a joint venture
with Gas Natural Fenosa
.
Enel Green Power manages almost 100 wind farms across the two countries, providing around 1,380MW of installed capacity at the end of 2010. Further assets in the region include 12 small hydro
plants, 22 combined heat and power plants as well as biomass and solar facilities.
, with over 120MW of installed wind power capacity. The company's presence in France
is also focused on wind power; the company manages facilities with total capacity rising above 100MW in 2010.
and Canada
are managed by Andover, Massachusetts
-headquartered Enel North America, Inc. The subsidiary has an installed power capacity
of 788MW, generated at a mixture of wind, geothermal, hydroelectric and biomass plants, which supplies around 300,000 households in the two countries.
Amongst the firm's facilities is the 250MW-capacity Smoky Hills Wind Farm
, the largest wind farm in Kansas
and the largest operated globally by Enel.
, Guatemala
, El Salvador
, Costa Rica
, Panama
, Brazil
and Chile
are managed by the limited liability company
Enel Latin America, which is based in the Chilean capital Santiago
. Enel Latin America manages a total of 668MW of renewable power capacity, with another 195MW generated by firms in which the company has a minority interest
.
Enel Latin America's production is achieved largely through hydroelectricity; the company controls 31 hydroelectric plants across its operating countries. The largest of these facilities is the 300MW-capacity Fortuna
hydroelectric plant in the Chiriquí Province
of Panama
, which is the country's largest single producer of electricity. Enel Latin America increased its stake in the plant to 49% in 2007; most of the remainder is held by the Panamanian government
. The firm also manages wind farm
s in Costa Rica and Brazil.
Italy
Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
multinational
Multinational corporation
A multi national corporation or enterprise , is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation...
renewable energy
Renewable energy
Renewable energy is energy which comes from natural resources such as sunlight, wind, rain, tides, and geothermal heat, which are renewable . About 16% of global final energy consumption comes from renewables, with 10% coming from traditional biomass, which is mainly used for heating, and 3.4% from...
corporation, headquartered in Rome
Rome
Rome is the capital of Italy and the country's largest and most populated city and comune, with over 2.7 million residents in . The city is located in the central-western portion of the Italian Peninsula, on the Tiber River within the Lazio region of Italy.Rome's history spans two and a half...
. The company was formed as a subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
of the power generation firm Enel
Enel
Enel may refer to:*Enel SpA, an Italian electricity company*Enel , a fictional villain in the One Piece manga and anime series*Enel, meaning third in the fiction of J. R. R. Tolkien, cf. Awakening of the Elves...
in December 2008, grouping its global renewable energy interests. Enel Green Power has operations in over 15 countries across Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
, North
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
and South America
South America
South America is a continent situated in the Western Hemisphere, mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere. The continent is also considered a subcontinent of the Americas. It is bordered on the west by the Pacific Ocean and on the north and east...
and generates energy principally from hydroelectricity
Hydroelectricity
Hydroelectricity is the term referring to electricity generated by hydropower; the production of electrical power through the use of the gravitational force of falling or flowing water. It is the most widely used form of renewable energy...
and wind
Wind power
Wind power is the conversion of wind energy into a useful form of energy, such as using wind turbines to make electricity, windmills for mechanical power, windpumps for water pumping or drainage, or sails to propel ships....
sources, which together account for around 85% of its total installed power capacity
Nameplate capacity
Nameplate capacity, also known as the rated capacity, nominal capacity, installed capacity or maximum effect, refers to the intended technical full–load sustained output of a facility such as a power plant, a chemical plant, fuel plant, metal refinery, mine, and many others.For dispatchable power,...
. The firm also operates in the solar, geothermal and biomass
Biomass
Biomass, as a renewable energy source, is biological material from living, or recently living organisms. As an energy source, biomass can either be used directly, or converted into other energy products such as biofuel....
sectors. At the end of 2010, the company's total worldwide installed capacity was over 6,100MW, a figure which it intends to increase to 9,200MW by 2014.
A 32.5% stake in the company was floated on the Borsa Italiana
Borsa Italiana
The Borsa Italiana S.p.A., based in Milan, is Italy's main stock exchange. It was privatised in 1997 and is a part of the London Stock Exchange Group plc since 2007. In 2005, the companies listed on the Borsa were worth US$890 billion...
and Bolsa de Madrid
Bolsa de Madrid
Bolsa de Madrid is the largest and most international of Spain's four regional stock exchanges that trade shares and convertible bonds and fixed income securities, and both government and private-sector debt...
in November 2010, raising €2.6 billion and marking the largest initial public offering
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
in Europe since that of Iberdrola Renovables
Iberdrola Renovables
- Iberdrola Renovables was a subsidiary of Iberdrola, headquartered in Valencia, Spain, which included companies in the domains of renewable energy, particularly wind power...
in December 2007.
Italy
Activities in Enel Green Power's home marketItaly
Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
accounted for over two-thirds of its revenues in 2009. In total, the company has over 2,500MW of installed capacity in Italy, over half of which is supplied by over 250 hydroelectric power plants
Hydroelectricity
Hydroelectricity is the term referring to electricity generated by hydropower; the production of electrical power through the use of the gravitational force of falling or flowing water. It is the most widely used form of renewable energy...
. The company also operates over 30 wind farms and a similar number of geothermal power plants, and further capacity is supplied by photovoltaic
Photovoltaic power station
The following page lists photovoltaic power stations that are larger than 25 MW in current net capacity. Solar photovoltaic cells convert sunlight into electricity and many solar photovoltaic power stations have been built, mainly in Europe...
and biomass power stations. Over 1,750 people are employed by Enel Green Power in Italy, making up around two-thirds of the firm's total worldwide workforce.
Eastern Europe
Enel Green Power is active in both RomaniaRomania
Romania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...
and Bulgaria
Bulgaria
Bulgaria , officially the Republic of Bulgaria , is a parliamentary democracy within a unitary constitutional republic in Southeast Europe. The country borders Romania to the north, Serbia and Macedonia to the west, Greece and Turkey to the south, as well as the Black Sea to the east...
. In the former, the firm is developing wind farm capacity of up to 500MW, the first tranche of which (64MW) came online in 2010. In Bulgaria, Enel Green Power possesses 42MW of operational wind capacity.
Iberian Peninsula
The company owns over 1,400MW of generation capacity in SpainSpain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
and Portugal
Portugal
Portugal , officially the Portuguese Republic is a country situated in southwestern Europe on the Iberian Peninsula. Portugal is the westernmost country of Europe, and is bordered by the Atlantic Ocean to the West and South and by Spain to the North and East. The Atlantic archipelagos of the...
, the vast majority of which is wind-powered. Its assets incorporate those of its parent company as well as those of Enel's majority-owned Spanish subsidiary Endesa
Endesa (Spain)
Endesa, S.A. is the largest electric utility company in Spain. The firm, a majority-owned subsidiary of the Italian utility company Enel, has 10 million customers in Spain, with domestic annual generation of over 97,600 GWh from nuclear, fossil-fueled, hydroelectric, and renewable resource power...
and the company Enel Unión Fenosa Renovables (Eufer), a joint venture
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
with Gas Natural Fenosa
Gas Natural
Gas Natural SDG, S.A., trading as Gas Natural Fenosa, is an energy company which operates primarily in Spain but also in such countries as Italy, Mexico, Colombia, Argentina, Puerto Rico and Morocco...
.
Enel Green Power manages almost 100 wind farms across the two countries, providing around 1,380MW of installed capacity at the end of 2010. Further assets in the region include 12 small hydro
Small hydro
Small hydro is the development of hydroelectric power on a scale serving a small community or industrial plant. The definition of a small hydro project varies but a generating capacity of up to 10 megawatts is generally accepted as the upper limit of what can be termed small hydro. This may be...
plants, 22 combined heat and power plants as well as biomass and solar facilities.
Other countries
Enel Green Power is the third-largest renewable energy company operating in GreeceGreece
Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....
, with over 120MW of installed wind power capacity. The company's presence in France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
is also focused on wind power; the company manages facilities with total capacity rising above 100MW in 2010.
North America
The company's operations in the United StatesUnited States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
and Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
are managed by Andover, Massachusetts
Andover, Massachusetts
Andover is a town in Essex County, Massachusetts, United States. It was incorporated in 1646 and as of the 2010 census, the population was 33,201...
-headquartered Enel North America, Inc. The subsidiary has an installed power capacity
Nameplate capacity
Nameplate capacity, also known as the rated capacity, nominal capacity, installed capacity or maximum effect, refers to the intended technical full–load sustained output of a facility such as a power plant, a chemical plant, fuel plant, metal refinery, mine, and many others.For dispatchable power,...
of 788MW, generated at a mixture of wind, geothermal, hydroelectric and biomass plants, which supplies around 300,000 households in the two countries.
Amongst the firm's facilities is the 250MW-capacity Smoky Hills Wind Farm
Smoky Hills Wind Farm
The Smoky Hills Wind Farm is a 100.8 megawatt wind farm in Lincoln and Ellsworth Counties, 140 miles west of Topeka in Kansas, north of Ellsworth. The farm is operated by Enel Green Power. Highway K-14 and Interstate 70 pass through parts of the wind farm, with clear views of many of the wind...
, the largest wind farm in Kansas
Kansas
Kansas is a US state located in the Midwestern United States. It is named after the Kansas River which flows through it, which in turn was named after the Kansa Native American tribe, which inhabited the area. The tribe's name is often said to mean "people of the wind" or "people of the south...
and the largest operated globally by Enel.
Latin America
The operations of Enel Green Power in MexicoMexico
The United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of...
, Guatemala
Guatemala
Guatemala is a country in Central America bordered by Mexico to the north and west, the Pacific Ocean to the southwest, Belize to the northeast, the Caribbean to the east, and Honduras and El Salvador to the southeast...
, El Salvador
El Salvador
El Salvador or simply Salvador is the smallest and the most densely populated country in Central America. The country's capital city and largest city is San Salvador; Santa Ana and San Miguel are also important cultural and commercial centers in the country and in all of Central America...
, Costa Rica
Costa Rica
Costa Rica , officially the Republic of Costa Rica is a multilingual, multiethnic and multicultural country in Central America, bordered by Nicaragua to the north, Panama to the southeast, the Pacific Ocean to the west and the Caribbean Sea to the east....
, Panama
Panama
Panama , officially the Republic of Panama , is the southernmost country of Central America. Situated on the isthmus connecting North and South America, it is bordered by Costa Rica to the northwest, Colombia to the southeast, the Caribbean Sea to the north and the Pacific Ocean to the south. The...
, Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
and Chile
Chile
Chile ,officially the Republic of Chile , is a country in South America occupying a long, narrow coastal strip between the Andes mountains to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far...
are managed by the limited liability company
Limited liability company
A limited liability company is a flexible form of enterprise that blends elements of partnership and corporate structures. It is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions...
Enel Latin America, which is based in the Chilean capital Santiago
Santiago, Chile
Santiago , also known as Santiago de Chile, is the capital and largest city of Chile, and the center of its largest conurbation . It is located in the country's central valley, at an elevation of above mean sea level...
. Enel Latin America manages a total of 668MW of renewable power capacity, with another 195MW generated by firms in which the company has a minority interest
Minority interest
Minority interest in business is an accounting concept that refers to the portion of a subsidiary corporation's stock that is not owned by the parent corporation...
.
Enel Latin America's production is achieved largely through hydroelectricity; the company controls 31 hydroelectric plants across its operating countries. The largest of these facilities is the 300MW-capacity Fortuna
Fortuna Dam
The Fortuna Dam is a dam in western Panama. It is the single largest energy source in Panama, providing 30% of the country's electricity....
hydroelectric plant in the Chiriquí Province
Chiriquí Province
Chiriquí is a province of Panama, it is located on the western coast of Panama, and it is also the second most developed province in the country, after the Panamá Province. Its capital is the city of David. It has a total area of 6,490.9 km², with a population of 416,873 as of the year 2010...
of Panama
Panama
Panama , officially the Republic of Panama , is the southernmost country of Central America. Situated on the isthmus connecting North and South America, it is bordered by Costa Rica to the northwest, Colombia to the southeast, the Caribbean Sea to the north and the Pacific Ocean to the south. The...
, which is the country's largest single producer of electricity. Enel Latin America increased its stake in the plant to 49% in 2007; most of the remainder is held by the Panamanian government
Politics of Panama
Politics of Panama takes place in a framework of a presidential representative democratic republic, whereby the President of Panama is both head of state and head of government, and of a multi-party system. Executive power is exercised by the government. Legislative power is vested in both the...
. The firm also manages wind farm
Wind farm
A wind farm is a group of wind turbines in the same location used to produce electric power. A large wind farm may consist of several hundred individual wind turbines, and cover an extended area of hundreds of square miles, but the land between the turbines may be used for agricultural or other...
s in Costa Rica and Brazil.