Italian Company Enel Increases Investments in Latin America

Latin America is one of the most promising renewable energy markets for Enel Green Power, which plans to invest more than 2 billion Euros by 2016 for the development of renewable energy in the region.

Thursday, January 10, 2013

Latin America is a rapidly expanding market, where it is expected that energy demand will have an average annual growth of 3.5% by 2020.

To meet this growing demand, "renewables will play an important role and we have about 830 MW of renewable capacity in operation, capable of producing over 3.4 million kilowatt hours of energy with zero emissions," said Enel Green Power (EGP)’s area manager for Iberia and Latin America Maurizio Bezzeccheri in a recent interview.

Bezzeccheri explained that hydroelectricity "provides 70% of the generation, but the contribution of biomass and geothermal are becoming increasingly significant, while wind and solar have huge growth potential."

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