Italy’s Enel says renewables powering growth in its 2018 profits

first_img FacebookTwitterLinkedInEmailPrint分享Windpower Monthly:Renewable energy was the main driver behind Enel’s growth in operating profit, the power firm stated, and was its largest recipient of investment in the first nine months of the year.The Italian company’s reported earnings before interest, taxation, depreciation and amortisation (Ebitda) rose 6% year-on-year to €12.1 billion between 1 January and 30 September. It stated that this increase was “mainly driven by renewables”, and that – along with networks – clean energy sources contributed €670 million of earnings in this period.Enel increased its capital expenditure on renewables by 32% year-on-year, and with an investment of €2.65 billion, clean energy received more than any other business line as it did in 2017.The power company installed 3.3GW of new renewable energy capacity in the last 12 months, it stated. This total includes 613MW of new wind power capacity commissioned by its subsidiary Enel Green Power in the first nine months of 2018, including a 132MW project in Peru – the country’s largest wind farm.It also added hydro (62MW) geothermal (1MW) and ‘solar and others’ (1,112MW), but no new nuclear, coal, combined cycle gas turbines (CCGT), or oil and gas during this period.Enel’s wind fleet reached 7,438MW at the end of the third quarter: 8.75% of its 84,932MW total capacity. Hydro, coal, CCGT and oil and gas all had larger shares of this total. The Italian power company had 3,279MW of wind projects under construction (1,773MW) or ready to build (1,506MW) at end of Q3, more than any other power source.More: Clean energy ‘main driver’ of Enel’s earnings Italy’s Enel says renewables powering growth in its 2018 profitslast_img read more

Warren jets to Iowa for Friday night jump into Caucus campaigning

first_imgDES MOINES — At 10:30 on Friday night, Democratic presidential candidate Elizabeth Warren spoke to a packed brew pub in Des Moines. Warren’s been serving as a juror in the U.S. Senate’s impeachment trial all week and she began by thanking the congresswomen who’ve been campaigning for her in Iowa.“They prove kick-ass women win!” Warren said, pumping her fist in the air as the crowd cheered.Some in the crowd arrived five hours earlier for a Warren campaign get together. Other joined after hearing Warren hopped on a plane in D.C. when the Senate adjourned Friday and was headed to the gathering. Warren pointed out campaign staff in the room who had sign-up sheets for door-knocking volunteers this weekend.“There is no one I would rather be in this fight with than you because this is the moment, that we will dream big, fight hard and win,” Warren concluded, as the crowd joined in at the end to yell the familiar ending to Warren’s campaign speeches.Warren spoke briefly before starting a selfie-line, thanking Iowans for pushing her as a candidate with pointed questions as well as examples of the personal impact of public policies.“Over this year, you’ve made me a better candidate and you’ll make me a better president,” Warren said, to cheers.Emily Villaume, sitting at the bar, about 20 feet from Warren, wiped tears from her eyes as the senator finished speaking.“I’m just so happy that someone believes in optimism. It’s just so nice to see,” said Villaume, who’s from Chicago and in Iowa this weekend, knocking on doors for Warren.last_img read more