Latin America is one of the most promising energy markets for Enel Green Power, and its presence in this region is undoubtedly a central focus point for the interests of institutional stakeholders.
With a capacity exceeding 830 MW and more than 36 plants, Enel Green Power plays a central role in the whole of Latin America.
“It is significant that renewable sources in this continent are still scarcely untapped, and renewable resources are still largely available”, said Valerio Cecchi, President of EGP Latin America, in a recent interview with Enel.radio.
This is why Latin America is one of the most promising energy markets for Enel Green Power, which by 2016 is planning to invest 34% of 6.1 billion euros in renewable development in this region.
“The South American energy context is greatly dynamic, and these countries are becoming increasingly aware of the importance of adopting a diversified energy mix, increasing the amount of renewable sources in their portfolios”.
Undoubtedly, EGP’s presence in Latin America is an essential focus point for the interests of institutional stakeholders. Cecchi added that in this scenario “EGP is ready to play a central role thanks to its ability to develop every technology, in a short-, medium- and long-term perspective”.
Geothermal energy has a huge potential, and institutional stakeholders show an increasing interest. Currently, wind is EGP’s fastest growing sector in South America, since construction of plants requires less time, but the company is also greatly focused on the development of hydropower in Brazil and Chile, as well as in more recent markets like Peru and Colombia. “The tenders we have won allow us to develop our cash-flow aimed at self-funding and development,”.
Also solar power is highly appealing, especially when combined with other technologies at hybrid plants, and it’sfavoured by excellent solar radiation conditions, mainly in Chile.