With planned investments of about $7.9 billion until 2016, Enel Green Power aims at focusing its development efforts on emerging markets in Latin and North America.
In connection with the announcement of Enel Green Power about its $126 million investment into building its Cove Fort geothermal projects in Utah, U.S., the company also provided an insight into its geographical focus.
Given stagnating power demand and the continued unclear regulatory framework in its home markets Italy and Spain, Enel Green Power aims at putting a corporate focus on emerging markets and to “raise its profile” in North America.
Enel Green Power is one of the largest geothermal power producers with large renewable energy operations across the world and geothermal energy operations in Italy, North America, Central and South America and Europe.
With its focus on emerging markets in Latin America, it will be interesting to see how fast the company pushes its projects in Chile among other Latin American countries.
As reported by Reuters the company plans to spend about EUR 6 billion ($7.9 billion) worldwide until 2016 to increase its overall power generation capacity by 4,300 MW from 7,100 MW (end of 2011) to 11,400 MW.