Starace: Enel’s results as of September 2019

Published on Thursday, 19 December 2019

“Our positive performance during the first nine months of 2019 demonstrates the solidity of Enel’s integrated business model.”

– Francesco Starace, Enel CEO

The CEO also highlighted the increase in investment by the Group during the first nine months of the year “to over €6 billion. 84% of this amount is dedicated to renewables and grids, and it is powered by strong cash generation which will continue to support our ambitions for growth in the medium and long term.”

 

As for the path towards decarbonisation, Starace pointed out that this is proceeding according to plan, i.e. through renewables: “We installed 600 MW during these nine months, and we expect a further 2,400 MW to enter service by the end of the year.” The target of 3 GW of new renewable capacity installed by the end of 2019 was therefore confirmed: “We are also working to increase our annual target of additional renewable capacity to 4 GW, starting in 2020.”

 

Enel editorial staff