Enel Green Power
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| Società per azioni | |
| Industry | Energy |
| Founded | December 2008 |
| Headquarters | Rome, Italy |
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Key people
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| Products | Wind power, solar energy, geothermal energy, hydroelectricity, biomass |
| Revenue | €2,996 million (2014) |
| €1,021 million (2014) | |
| Profit | €528 million (2014) |
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Number of employees
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3,609 (end 2014) |
| Parent | Enel |
| Website | www.enelgreenpower.com |
Enel Green Power S.p.A. is an Italian multinational renewable-energy corporation, headquartered in Rome. The company was formed as a subsidiary of the power generation firm Enel in December 2008, grouping its global renewable energy interests. In 2016 it was absorbed back into the general Enel Power company. Enel Green Power had operations in over 16 countries across Europe, North America and South America. It generated energy from hydroelectricity, wind, solar power, geothermal electricity, biomass and Incineration sources. At the end of September 2011, the company's total worldwide installed capacity was 6,490 MW, which it intended to increase to 10,400 MW by 2015.
A 30.8% stake in the company was floated on the Borsa Italiana and Bolsa de Madrid in November 2010, raising €2.6 billion and marking the largest initial public offering in Europe since that of Iberdrola Renovables in December 2007. In 2014, the company was presented with a European Solar Prize by Eurosolar.
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 Green Power 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 which were until then held by Enel Produzione SpA in Italy, and those belonging to Enel Investment Holding abroad (Enel Latin America BV, Erelis Enel, Endesa), have been gradually transferred to Enel Green Power.
In November 2010, following Enel's acquisition of Endesa (June 2009), the company made an initial public offering of 30.8% of Enel Green Power in the Italian Stock Exchange and the Bolsa de Madrid, earning the company €2.6 billion. In Italy and Spain, the IPO of Enel Green Power was handled by PricewaterhouseCoopers and involved about 340 thousand investors, generating a demand of about 1,260 million shares (of which 520 million subscribed of institutional investors). The company is listed on the stock markets of Milan and Madrid and on the regional stock exchanges of Barcelona, Bilbao and Valencia.
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Wikipedia