The story
Enel Green Power was founded on 1 December 2008 to concentrate all of Enel's activities in the production of renewable energy. At the time of its establishment, Enel was the largest European company in the field of renewable energy, both in terms of installed capacity and international presence. Following its foundation, the activities of the renewable energy branch were gradually transferred to Enel Green Power; these included activities conducted via Enel Produzione SpA in Italy and assets within the possession of Enel Investment Holding abroad, including Enel Latin America BV, Erelis Enel and Endesa.
Between 2011 and 2012, Enel Green Power expanded with wind power throughout the American continents. The wind-powered installation commenced operations in the state of Bahia in Brazil, which generated approximately 30 MW managed by Cristal; this was followed by installations in the United States in Oklahoma (Rocky Ridge with 150 MW) and Kansas (Caney River with 200 MW). In 2012, the 85 MW Palo Viejo hydroelectric power plant was inaugurated in Guatemala.
In 2014, the company was presented with a European Solar Prize by Eurosolar.
From 2010 to 2016, the company was listed on the FTSE MIB index of the Milan Stock Exchange, as well as on the Madrid Stock Exchange and the Barcelona, Bilbao, and Valencia regional Stock Exchanges.
After the launching of the 17 Sustainable Development Goals (SDGs) by the United Nations Assembly in 2016, Enel Green Power integrated the SDGs objectives into its industrial strategy, in particular those relating to quality of education (SDG 4), clean and economically accessible energy (SDG 7), dignity of work and economic growth (SDG 8), fight against climate change (SDG 13). Following that, power plants were constructed in various locations, including South Africa, Ethiopia (100 MW Metehara), Australia (Bungala Solar), and South America, notably in Peru (Wayra I wind farm and Rubì solar plant), in Guatemala (El Canadà hydroelectric power station), in Mexico (Cielito Lindo, with a capacity of over 1 GW of photovoltaic power connected to the grid, Amistad (220 MW), Amistad II (100 MW) and Salitrillos (103 MW) wind farms.
In 2017, the company partnered with Anheuser-Busch to provide enough renewable energy from Enel's Oklahoma wind farm to meet Budweiser's needs for 15 years.
On October 25, 2023, Enel Green Power announced the sale of its stakes in Romania to the Greek company Public Power Corporation S.A., as outlined in the sales agreement signed on March 9, 2023. This transaction aligns with the Group’s Strategic Priorities, involving Enel’s repositioning in countries with a more integrated presence, including Italy, Spain, the United States, Brazil, Chile, and Colombia.
In May 2024, Enel announced that its subsidiary Enel Perú has sold all its equity stakes in Enel Generacion Perú and Compania Energética Veracruz to Niagara Energy. This sale was planned in the 2024-2026 Strategic Plan.
From Wikipedia’s article on Enel Green Power, shared under CC BY-SA 4.0.5