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Francesco Starace: Enel in the first half of 2021

Starace: Enel grows thanks to 4,813 million euros invested in sustainability and digitalization

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Investments on the rise and targets confirmed for 2021: Enel accelerates growth in the first six months of the year. This is the picture painted by the results as of 30 June, which were presented by CEO Francesco Starace. The numbers show that Enel continues its “remarkable industrial growth based on sustainability and technological innovation”: a performance fostered by “a 16.3% increase in investments and an acceleration in installed renewable capacity in the period, which will enable us to set another record at the end of the year, bringing new installed capacity to 5.8 GW.” This was Starace’s comment about the 4,813 million euros invested by the Group in the green transition and the digitalization of distribution networks, in particular for Infrastructure and Networks, End-User Markets, and Enel X.

“In the first half of 2021, we continued our remarkable industrial growth based on sustainability and technological innovation, recording a 16.3% increase in investments and an acceleration in installed renewable capacity in the period”

Francesco Starace, Enel CEO

In particular, the second quarter of the year saw what Francesco Starace described as “a solid and visible acceleration,” with the key operating indicators returning to pre-COVID levels. In the first six months of 2021, Enel’s growth went hand in hand with progress in terms of sustainability: electricity generation from renewable sources, including volumes produced by managed capacity, reached 59.8 TWh (+6.5% compared to the first half of 2020) and far exceeded thermal generation, which recorded 38.3 TWh (33.8 TWh in the first half of 2020, +13.1%).

Considering only the production from consolidated capacity, zero-emission generation is equal to 64% of the Enel Group’s total generation, while it is equal to 65% if managed generation capacity is also included. “Decarbonization of the generation mix” by 2050 remains the Enel’s long-term target.

Commenting on the results, CEO Francesco Starace pointed out that, “in light of the trend recorded in the first half of 2021, we confirm the year-end targets for ordinary EBITDA and net ordinary income, as well as a guaranteed dividend of 0.38 euros per share, up 6% compared to the previous year.

 

Enel editorial staff