Enel’s business plan of for the period 2023-2025 was presented by the CEO of the group during the Capital Markets Day.
Francesco Starace set the goal of reducing the group’s net borrowing by 21 billion euros cumulatively in the period 2022 – 2024 through its geographical market repositioning as well as the acceleration of investments in clean energy, electrification and digitization of networks. The CEO of the Italian energy giant also announced the company’s continued presence in six countries: Italy, Spain, USA, Brazil, Chile and Colombia.
The model in Greece and Australia
With regard to the activities in Greece and Australia, he described a residency status, but seeking synergies with partners (Stewardship Model) for the development of the investment program and possibly entering into other activities as well.
As is well known, the Italian group is active in Greece through Enel Green Power, which has an installed renewable energy capacity of 481.7 MW and also has a project portfolio of 1.5 GW. Based on the plan presented to analysts and investors by Mr. Starace, Enel is in the process of selecting a partner for its subsidiary. Something similar is happening in Australia.
According to the group’s management, the model in Greece and Italy will trigger third-party investments amounting to 15 billion. euro.
Partings but also investments
The countries from which the Italian energy group is leaving are Russia (the exit is complete), Argentina, Romania and Peru. Also, the management is reassessing energy assets and companies
In fact, the CEO of Enel announced investments totaling 37 billion. euros in the period 2023 – 2025 in RES, digitalization of networks and integrated service provision. This investment program will be implemented in the six countries in which the group will remain, while it aims to increase the installed capacity in renewable energy to 75 GW from 59 GW today.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
