Enel Green Sales Rise 13% in Quarter on Latin American Expansion

(Bloomberg) — Enel Green Power SpA, the clean-energy arm
of Italy’s largest utility, said first-quarter sales grew 13
percent from a year earlier after installing more low-carbon
power plants in Latin America.

Revenue rose to 811 million euros ($914 million), from 720
million euros, the Rome-based company said Thursday in an e-mailed statement. Generating capacity increased by 10 percent to
9.8 gigawatts.

“A major contribution to this performance came from the
expansion of installed capacity in rapidly growing countries,
such as those in Latin America, which boast abundant renewable
resources and stable regulatory systems,” Francesco Venturini,
chief executive officer of EGP, said in the statement.

Growth came from an increase in wind-power generation as a
result of expansion in Latin America and North America, EGP said
in the statement. The company also said for its plan through
2019 that half of its capital spending of 8.8 billion euros will
be channeled into Chile, Mexico and Brazil, where it expects to
see high electricity demand.

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Tony Barrett

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