Enel Green Power strategic plan for the 2013-2017 period allocates ~ 6.1 billion euro (5.5 billion to growth and 600 million euro to maintenance) to investments. The plan confirms our unique and balanced mix of renewable technologies (hydro, geothermal, wind, biomass and solar) and the strong generation of cash-flow. We have strengthened our presence and asset-base in 16 countries in which we were present at the time of the IPO and we are expanding in more. We target to add 4.4 gigawatts in the next five years for an end-of-period total installed capacity of 12.4 gigawatts and a portfolio composed of 58% of wind and 42% of geothermal, hydro, biomass and solar. As of June 2013, 60% of such plan is addressed both through the capacity installed in the period and through the projects in execution. Our aim is also to extract the maximum value from all O&M activities to maintain and reinforce our leadership in the sector. The 2013-2017 plan ensures further long-term diversification by re-shuffling the relative weight of the existing countries in terms of their contribution to our profits, developing new technologies under the current footprint and by adding new countries to our portfolio (namely, Colombia, Peru, Morocco, South Africa and Turkey).
We remain self-funded on the plan horizon and retain central capital allocation freedom, to exploit the increasing value of optionality of a very strong development pipeline.
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Installed capacity from renewables is 8,943 MW, produced by over 750 plants in 16 countries
The gradual rise in global temperatures and the instability of fossil fuel markets are driving the development of solar power throughout the world, particularly in the area of photovoltaic technologies
EGP's guidelines call for the design of layouts that are environmentally compatible, with an appropriate number of wind turbines for the area concerned
EGP's know-how has made the company a world leader in the development of this clean, renewable and cost-effective source of energy
Italy is where geothermal energy was used for the first time for industrial purposes, and the country remains one of the leading producers of geothermal electricity
The exploitation of biomass is an important chapter in Europe's development of renewable energy