Enel Green Power confirms an investment plan of 6.1 billion euro in the period 2014-2018 total (5.4 billion euro available for growth). The plan continues in the direction already taken in the past plans, confirming the unique and balanced mix of renewable technologies (hydro, geothermal, wind, biomass and solar). Also in 2013, we strengthened our presence in the 16 countries where we operate since or listing, installing more than 900 MW of additional capacity and reaching a generation fleet of approximately 8.9 GW. In the next five years, we intend to develop further 4.6 GW bringing our final installed capacity to about 13.4 GW at the end of 2018. We will continue to leverage on our integrated and global O&M (Operations & Maintenance) approach setting new goals in terms improvement of the "lost production factor" and of cost efficiencies. The business plan for 2014-2018 includes Uruguay, Ecuador, Kenya, Egypt, Saudi Arabia and Russia, in addition to the 16 countries in which Enel Green Power currently operates and to the new countries already announced, such as Colombia, Peru, Turkey, South Africa and Morocco.
Enel Green Power will continue to fund its projects through the generation of cash flows, in combination with external long-term and price-competitive sources. This will provide the Group with the flexibility to exploit at best its development pipeline.
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Installed capacity from renewables is 9,530 MW, produced by over 731 plants in 15 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