Connect with us

Hi, what are you looking for?


Clean Power

Enel Green Power Sees 11.1% Revenue Growth

Italian renewable energy developer Enel Green Power posted its 2014 earnings report last week, and it is good news all around — with 11.1% revenue growth in 2014 and approximately 700 MW added.

Enel1Total revenue for the company across 2014 was 3 billion euros, up 11.1% compared to 2013’s 2.7 billion euros. The company’s EBITDA totaled 1.9 billion euros, a 5.6% increase on 2013’s 1.8 billion euros.

Enel Green Power attributed the growth to strong growth in Latin America and the US, specifically, seeing 150 MW of new capacity added in the US in the last three months of 2014, and 100 MW in Mexico.

“In 2014 EGP further consolidated its growth with 1 GW of additional installed capacity and even stronger performance despite considerable discontinuities experienced during the year as well as the weak economic scenario,” stated Francesco Venturini, Chief Executive Officer and General Manager of Enel Green Power, in commenting on the results.

“Development was almost entirely concentrated in areas posting strong growth in the renewables sector, such as Latin America and the United States,” Venturini continued. “The identification and implementation of new projects was accompanied by targeted initiatives to optimise our portfolio. Such initiatives included the sale of all our wind farms in France and the settlement of the dispute with El Salvador’s government, which involved the disposal of our interest in LaGeo, thereby paving the way for an acceleration of development in more promising countries.”

Wind energy made up the majority of new capacity additions by the end of 2014, with 5.7 GW, or 60%, followed by hydroelectric with 2.6 GW.

Enel Green Power hasn’t been a big news item here at CleanTechnica, but as can be seen by its 2014 figures, that’s likely to change as the global renewable energy industry continues to grow and exert its influence.

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (, and can be found writing articles for a variety of other sites. Check me out at for more.


You May Also Like

Clean Power

McDonald’s is renowned for its wide variety of delicious fast food offerings. From the classic Big Mac and Quarter Pounder burgers to the ever-popular...

Clean Power

Enel North America says it will build a solar panel and component factory in the United States with a capacity of 6 GW by...

Clean Power

Wave energy developers are beginning to flex their muscles, and the Finnish company Wello aims to lead the pack with a new twist on...


ESS has signed a deal with SB Energy for 2 gigawatt-hours of iron flow battery storage.

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.