Enel Targets Renewables, Latin America to Counter Italian Slump
This article is for subscribers only.
Enel SpA, Italy’s largest utility, will steer investments into Latin America and renewable energy as recession damps electricity demand in its biggest market.
“Growth has to come from renewables and from Latin America, as well as Eastern Europe and Russia,” Luigi Ferraris, chief financial Officer, said in an interview in London. Enel, based in Rome, is planning to add about 4.5 gigawatts of renewable capacity to 2016 through its Enel Green Power unit, he said.