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Enel half-year: less gas, boom in Latam renewables

The group launches the publication of the Quarter Report on operating data, just a few days after the publication of the half-yearly financial data – In Italy, strong increase in customers on the free market – Global energy sales are growing – Non-wind renewables: +139% in Latin America

Il Enel group, in the second half of 2016, recorded a drop in electricity production overall by 8%. Global installed capacity, in line with the strategic plan, continues to cut in Oil & gas (2.384 MW compared to the previous year) and in coal (351 MW) and instead shows a strong increase (+625 Megawatt) in renewables, such as 450 MW installed in Latin America and the rest in Italy. Again in Italy, the energy sold on the free market grew by 27,3%, which corresponds to a significant growth of 9,8% in free customers.

These are some of the most significant data reported by Enel in the Quarter Report, launched for the first time on the occasion of the half-yearly report which will be presented to investors and analysts on July 28 at 18 pm. On the same occasion, the Board of Directors should also approve the awaited merger between Enel Oper Fiber and Metroweb to create a single optical fiber operator electricity and gas, in the various geographical areas where the Group is present. The goal is to "further strengthen the Group's transparency towards the financial community, in line with the best practices of the most evolved markets".

Enel presents itself globally with 61,5 millions of customers (+0,7% year on year) with a 0,1% decrease in electricity and an 11,3% growth in gas. The increase in gas customers in Iberia (+25%) was particularly significant while in Italy, Enel lost 1,2% of electricity customers and increased those of gas by 6,7%. In the retail sector, however, the quantities sold are growing both in electricity (+3,8%) and in gas (+9,6%) globally and in Italy (+8,7% and +7,1% respectively).

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