Enel Grids’ Renewable Connections Soar, Adding 7.9 GW in 2023

Enel Grids’ Renewable Connections Soar, Adding 7.9 GW in 2023

(IN BRIEF) Enel Grids, Enel Group’s electricity distribution arm, achieved a record-breaking milestone in 2023 by connecting nearly 540,000 new producer-prosumer connections globally, adding 7.9 GW of renewable capacity to its grids. Italy leads with 1.5 million connections, while Spain contributed significantly with 258,000 connections. This surge underscores the growing role of prosumers in promoting renewable energy and reducing fossil fuel consumption. Enel’s global renewable capacity now exceeds 68 GW, marking a significant step towards a sustainable energy future.

(PRESS RELEASE) ROME, 5-Mar-2024 — /EuropaWire/ — Enel S.p.A. (BIT: ENEL) (“Enel” or the “Company”), an Italian multinational manufacturer and distributor of electricity and gas, announces that Enel Grids, its global business line dedicated to electricity distribution, achieved a significant milestone in 2023, connecting nearly 540,000 new producer-prosumer connections to its grids globally, representing a 56% increase over the previous record. This surge in connections added 7.9 GW of renewable capacity to Enel’s distribution systems worldwide, with Italy emerging as the most dynamic market, boasting around 1.5 million producer and prosumer connections by the end of the year.

“Today in Enel we see an average of 45,000 new producer and prosumer connections to the distribution networks we manage worldwide, every month,” stated Gianni Vittorio Armani, Head of Enel Grids and Innovability. “These record-breaking numbers underscore how the growth of renewable generation worldwide is being driven not only by production at utility-scale level, but also by customer-driven initiatives at the local level that contribute significantly to reducing fossil fuel consumption and generating carbon-free electricity. Many prosumers also install batteries to make their consumption more flexible as well as modulate their energy supply and demand. Prosumers, as key players towards a new paradigm of distributed generation, are also choosing electrification for cooking and heating as well as for charging electric vehicles. Overall, this culture of energy independence is causing a major shift in the role of electricity distribution networks, which are becoming true enablers of electrification and of the energy transition.”

With over 68 GW of small- and medium-scale renewable capacity connected globally, facilitated by enhanced hosting capacity and network digitalization, Enel is leading the charge towards a more sustainable energy future.

Italy and Spain were significant contributors to the record-breaking achievements, with Italy adding 4.7 GW and Spain connecting 2.6 GW of renewable capacity in 2023. Enel’s commitment to expanding renewable energy infrastructure extends beyond Europe, with additional connections made in South America, further solidifying its position as a leader in the global energy transition.

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SOURCE: Enel S.p.A.