Rome MED 2016: Renewables, a Solution for Sustainable Growth and Development

Published on Tuesday, 13 December 2016

The CEO of Enel Green Power, Francesco Venturini, took part in the event promoted by the Italian Ministry of Foreign Affairs and the Institute for International Political Studies (ISPI), held in Rome from 1 to 3 December. 

“Renewable energy technologies are the right solution to support sustainable growth and development, and in many parts of the world, they are already the more competitive option when compared to conventional technologies”.

These are the words of Francesco Venturini, CEO of Enel Green Power and president of RES4MED, speaking at the second edition of Rome MED - Mediterranean Dialogues, an event promoted by the Italian Ministry of Foreign Affairs and the Institute for International Political Studies (ISPI), held from 1 to 3 December.

“In this sector, investors are looking for, first and foremost, social and political stability”, added Venturini, who took part in the panel “Promoting Development in the MENA Region Through Clean Energy Deployment”. “We must find governments with long-term vision, because we’re talking about investments with economic returns over 20 or 30 years”.

As one of the reasons renewable energy is the most appropriate solution to support sustainable growth in developing countries, Venturini mentioned the advantage of modular projects, scalable in terms of size and depending on needs and, above all, distributable throughout territories.  

“Instead of building a single 500 MW plant, we can create more small plants: this, in addition to being faster in terms of construction, is beneficial for energy distribution in countries with less developed transmission networks, and for the creation of new jobs”, he said during his speech.  

As regards the countries of the MENA area (Middle East and North Africa) specifically, the Enel Green Power CEO reminded us that “the demand for electricity has grown between 6 and 8 percent per year in the last decade. To meet this demand, we offer rapid solutions. Building a conventional thermoelectric plant takes between three and ten years: we can complete a wind-powered plant in just a few months”.