- Enel is set to increase its renewable energy development in Brazil.
- It plans new investments in onshore solar and wind energy generation
Enel has announced plans to scale its renewable energy development in Brazil with new investments in solar and wind energy generation plants. This announcement was made by the company’s Chief Executive Officer Francesco Starace on Thursday.
Brazil accounts for 40 per cent of Enel’s growth in Latin America’s renewable energy market. According to Starace, the figure is expected to increase as the firm phases thermal energy generation to renewable energy sources. “In the next three years, we will add 3,000MW (in Brazil), which is a lot more than we did in the past, but it’s going to be a lot more in the next few years because the acceleration is going on … the potential is huge, you have a lot of wind, space and solar radiation,” Starace stated.
Enel Green Power, the Italian company’s renewable generation arm, operates over 4,700MW of renewable power in Brazil. Almost half of this power is concentrated in wind power, and the rest is divided between solar and hydro plants.