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Stock market, Enel Green Power rises after the new US incentives for renewables

Yesterday, the US Environmental Protection Agency's plan emerged that will mandate a 30% reduction in carbon dioxide emissions by 2030 - Good news for alternative energy groups, since that a renewal of the incentives is considered probable.

Stock market, Enel Green Power rises after the new US incentives for renewables

The United States is moving towards new incentives for renewables and Enel Green Power reacts positively on the Stock Exchange where it is first in its class on the Ftse Mib by mid-morning. In fact, around 11 am, the Enel subsidiary recorded an increase of 2,6% to 2,134 euros. Yesterday, according to what emerged from the rumors of the Wall Street Journal and then confirmed by the official notes, the plan of the American Environmental Protection Agency had emerged which will impose a 30% reduction in carbon dioxide emissions by 2030 compared to 2005 levels. The operation kicked off with the presentation of the Clean Power Plan which is expected to complete its course within a year and then move on to the planning and executive phase in the individual American states

Good news, according to the investment houses, for groups involved in alternative energies since a renewal of the incentives is considered likely (as a measure to accompany the new regulations). “It is positive for Enel Green Power which has 20% of its assets and about 15% of its EBITDA in the United States – underlines Equita – Considering the waiting period for the end of the incentives, at the moment the estimates do not include growth in the country but the possible renewal of the incentives could instead open up a new front for expansion”. 

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