The group said that, the new company’s business incorporates all of Enel’s activities in the wind, solar, geothermal, run-of-the-river hydro electric and biomass fields in Europe, North America and Central and South America.

With nearly 4,300MW of installed capacity, Enel Green Power has more than 17 billion kWh, to meet the needs of some 6.5 million households, avoiding the annual emission of 13 million metric tons of CO2.

Francesco Starace, head of Enel’s renewable energy division in which the new company operates, said: “At Enel, we believe in the development of renewable sources. Renewable sources can give an important contribution to the security of energy supply as well as to the quality of the environment.
We intend to increase the capacity relying on water, sun, wind and the natural heat of the earth, in the next five years.”

Enel is a power company in Italy, which produces, distributes and sells electricity and gas across Europe, North and Latin America. Enel Green Power controls, an operator in photovoltaic and solar thermal power, with a market share of 35%. The company operates directly and through a franchising network of more than 400 installers.