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Total revenues: 599 million euros (611 million at March 31st, 2011, -2.0%) EBITDA: 379 million euros (393 million at March 31st, 2011, -3.6%) EBIT: 230 million euros (263 million at March 31st, 2011,-12.5 %) Group net income: 97 million euros (135 million at March 31st, 2011, -28.1%) Net financial debt: 4,329 million euros (4,075 million at December 31st, 2011,+6.2%)
The geothermal plant in Cove Fort, Utah will have a gross installed capacity of 25 MW and will be able to generate around 160 GWh of electricity per year The plant will require a total investment of approx. 126 million USD
A 180 million euro financing agreement was finalized with the Danish government’s Export Credit Agency (“EKF”)
Financial statements at December 31st, 2011 approved; a dividend of 0.0248 euro per share approved. Policy for the remuneration of Directors and Executives with strategic responsibilities voted favorably. Bylaws amendments approved in order to implement the new rules on the equal right of appointment in managing and supervisory boards of listed companies.
Enel’s renewables division connects two photovoltaic plants to the grid in Sicily, Catania1 and Rosolini, with a total capacity of 12 MW. Together, the two fully operational plants will produce around 19 million kilowatt-hours.
The molten salts system will allow the plant to generate electricity in the absence of sunlight. Locally produced biomass will also be transformed into biogas to integrate the supply from the solar power plant, and into biofuel to power urban public transport.
The entry into service of five new plants at the end of March 2012 adds more than 14 MW to the photovoltaic capacity installed in Italy by ESSE – the equal share joint venture between the Italian company, a world leader in renewables, and its Japanese partner – bringing total installed capacity to around 20 MW; The five new plants use multi-junction thin-film panels manufactured at the Catania factory of 3Sun – the joint venture between Enel Green Power, Sharp and STMicrolectronics – which started commercial operations in December 2011.
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Installed capacity from renewables is 6,490 MW, produced by about 650 plants in operation around the world
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
