Enel Group, the world’s largest private renewable energy player with around 51 GW of installed renewable capacity worldwide, has been granted authorisation to enter the Australian energy retail market. The company will take advantage of existing operations within Australia to bring Enel’s globally established retail model to Australian shores.
The retail energy licence, issued by the Australian Energy Regulator this week, will see Enel offer a unique solution to the National Energy Market, driven by its existing Australian operations. The vertically integrated green energy retailer will initially target commercial and industrial customers with a view to expanding to residential customers as its renewable pipeline grows.
Backed by Enel Green Power’s renewable generation assets and bundled with Enel X’s market-leading technology platforms including its Virtual Power Plant (VPP), onsite battery energy storage systems, and electric vehicle charging solutions, Enel will offer up to 100% renewable energy supply to enable customers to meet their sustainability objectives at competitive costs.
Enel Green Power Australia Country Manager Werther Esposito said the Enel offering was an important step in Australia’s decarbonisation journey “With access to Enel Green Power’s portfolio of wholly green energy assets, Enel is a one stop shop ‘greentailer’ delivering energy from Australia’s abundant renewable resources for the country’s clean energy future. The Enel retail offering will provide exclusive access to Enel Green Power’s innovative renewable energy mix. As Enel’s customer base grows, so too will Enel Green Power’s diversified asset base which will directly service the growing demand.”
Enel Green Power in Australia currently has 310MW of consolidated capacity through three solar plants.