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Reuters Breakingviews: Starace makes speech

2018 for companies and the economy in the words of Francesco Starace

What does 2018 have in store for companies and economies? An answer was provided by Reuters Breakingviews, which organised a conference on the subject in Milan on 31 January. It featured eminent figures and experts from various sectors. One of the speakers was Enel CEO Francesco Starace, who focused on development prospects in the energy sector. “In order to survive and make rapid progress, a greater penetration of renewable sources is required”, Starace said, adding that, “there is huge potential in our country”. It is no coincidence that Enel intends to double investment in Italy for the 2017-2020 period, from a budgeted €6 billion in the previous Strategic Plan to €12 billion, as Starace reminded his audience.

Over the next few years, we will double investment in renewable energies: there is huge potential in Italy

Francesco Starace, Enel CEO

Reuters believes that electric mobility, along with the Italian elections and the World Cup, will be the subject of a lot of discussion over the coming months. Enel has been committed to working in the electric mobility field for quite some time. The CEO stressed this both at the recent World Economic Forum in Davos and in interviews held at the end of the panel session at the Reuters event. He emphasised the need to create an adequate infrastructure network to encourage a more widespread use of e-cars.

Starace emphasised that the “E-VIA FLEX-E mobility in Italy, France and Spain” project is working towards this goal. Following an announcement made at the end of last year, HPC (High Power Charging) points are due to be installed over the course of 2018 in 14 sites: eight in Italy, four in Spain, and two in France. These will be high power stations with a range from 150 kW to 350 kW. The Group is committed to implementing the National Infrastructural Plan for the installation of charging infrastructure which will foresee the addition of approximately 7,000 charging columns by 2020, and a further 14,000 in 2022. Starace is confident that “Electric car usage will increase: we still have 2018 and 2019 to establish a national charging infrastructure that will support its development”.

Enel editorial staff