Enel North America to Continue Focus on Renewables and Demand Response in New Three-Year Plan

• Enel, which manages one of the largest portfolios of renewables and demand response in North America, will deliver more clean energy solutions to commercial and industrial customers while optimizing its portfolio and operations.

Enel North America, a clean energy leader in the US and Canada, announced plans to maintain its core focuses in utility-scale renewables and demand response as part of a new, three-year strategic plan. The company will also grow commodity revenues, optimize operations and trading activities, and execute asset rotations through the plan, part of the Enel Group’s global strategy announced at its Capital Markets Day presentation on November 18.

“As we approach our 25th year of operation in North America, Enel has a proud legacy of leadership delivering the clean energy solutions that North America depends on,” said Paolo Romanacci, CEO of Enel North America. “We will continue to provide the utility-scale clean power and demand response capacity that our customers expect from us. As we position ourselves for long-term, sustainable growth, we will also continue to be a more disciplined company that achieves excellence in performance, customer solutions and portfolio strategy.”

As a top-five leader in North America for renewables, Enel North America also manages a 32 GW development pipeline of wind, solar and storage projects across the US and Canada. Under its new three-year plan, the company will continue to meet rising corporate demand for renewable energy, delivering clean power from 11 GW of wind and solar assets while positioning more of its greenfield and operating projects for sale. Enel is also one of the leading demand response providers in the US and plans to continue to add new demand response capacity in the US and Canada, contributing to greater grid flexibility and reliability. North America remains one of the targeted geographies for new investment from the Enel Group.

Enel North America, part of the Enel Group, is a proven renewables leader delivering clean, flexible and sustainable energy solutions. The company develops, builds, owns and operates renewable power plants and demand response solutions, with over 11 gigawatts (GW) of installed wind and solar capacity, over 1 GW of energy storage and nearly 5 GW of demand response in the US and Canada. Enel is a top-five industry leader for clean power capacity in the US, demand response in North America and utility-scale battery storage in Texas.