Enel adds 1.13 GW of renewables in 12 mo

Enel adds 1.13 GW of renewables in 12 mo The Wayra I wind farm in Peru. Source: Enel SpA

Italian energy major Enel SpA (BIT:ENEL) has increased its installed renewable energy capacity around the world by 3% over the past 12 months by adding about 1,130 MW.

As at end-September 2018, the group had 84,932 MW of net installed capacity, including 38,372 MW of renewables, compared to 83,856 MW with 37,243 MW of renewables a year earlier.

The following table gives more details about the change in the company’s portfolio over the past 12 months.

Source 9mo 2018 (in MW) 9mo 2018 share 9mo 2017 (in MW) 9mo 2017 share y/y change
Total Renewables 38,372 45.2% 37,243 44.4% 3.0%
--Hydro 27,835 32.8% 27,404 32.7% 1.6%
--Wind 7,438 8.8% 7,082 8.4% 5.0%
--Solar & Others 2,296 2.7% 1,954 2.3% 17.5%
--Geothermal 804 0.9% 802 1.0% 0.2%
Total Thermal 46,560 54.8% 46,613 55.6% (0.1%)

Most of the newly-added renewable energy capacity is located in South America, where Enel now has 13,229 MW compared to 12,211 MW a year back. The increase is mainly attributed to an increase in onshore wind capacity there up to 1,666 MW from 1,362 MW at end-September 2017.

The group’s net production rose by 1.8% year-on-year to 187,764 GWh even though thermal power generation decreased by 9.2%.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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