Enel Green Power strategic plan for the 2012-2016 period allocates ~6.1 billion euro (5.5 bn to growth and 600 milion euro to maintenance). The plan confirms our multi-technological approach with wind taking the lion’s share to support the medium-term growth and the other tecnologies collectively prevailing in the outer years of the plan. The steady state level of maintence capex guarantees the continuous improvement of the efficiency of our long-standing fleet. The combined investments in emerging markets and the multi-technological approach are our key strengths. We aim at adding 4.5 GW over the 2012-2016 period for an end-of-period total installed capacity of 11.4 GW. We will double our wind capacity while also growing steadly our traditional technologies. This will drive to a portfolio composed of 60% of wind and 40% of geothermal, hydro, biomass and solar. We are progressing fast to achieve our goals in respect of our priorities. We have already secured medium-term growth through 2.2GW of projects “in execution” with returns already locked in through high-quality production profiles and not subject to regulatory changes with longer –term growth being adressed through our solid pipeline. Finally, our plan envisages sound growth thanks to a tight financial discipline that garantees strong cash-flow generation more than fully covering the capex allocated for the period.
Our EBITDA the targets for the next years are the following:
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Installed capacity from renewables is 8,626 MW, produced by over 730 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