Profile
Enel is Italy’s largest power company, and Europe’s second listed utility by installed capacity. It is an integrated player, active in the power and gas sectors. Enel today operates in 40 countries worldwide, has over 97,000 MW of net installed capacity and sells power and gas to more than 61 million customers.
Business Overview
In 2010, Enel posted revenues of more than 73 billion euros (+14.0% compared with 2009), EBITDA of 17.5 billion euros (+6.8% compared with 2009) and net ordinary income of around 4.4 billion euros (+5.0% compared with 2009). As of December 31st, 2010, the Group has over 78,000 employees and operates a wide range of hydroelectric, thermoelectric, nuclear, geothermal, wind-power, photovoltaic and other renewables’ plants. About 46% of the power generated by Enel is carbon free.Enel is strongly committed to the development of renewable energy sources and to the development of new environmental friendly technologies. Enel Green Power is the Group’s publicly listed Company dedicated to the development and management of power generation from renewable energy, operating over 6,100 MW of installed capacity relying on hydro, wind, geothermal, solar, biomass and co-generation sources in Europe and the Americas.
Enel was the first utility in the world to replace its 32 million Italian customers’ traditional electromechanical meters with modern electronic devices that make it possible to take meter readings in real time and manage contractual relationships remotely. This innovation, which is key to the development of smart grids, has attracted interest from many utilities around the world. In Spain, Endesa is about to install 13 million electronic meters to its customers by 2015.