Enel is Europe’s biggest utility and
major renewable producer
Shell last month bought green energy
retailer Powershop
Enel SpA became the latest European energy giant to announce plans
to expand its renewable electricity sales in Australia.
The Rome-based company will launch a
“greentailer” offering as much as 100% renewable power to help
customers meet sustainability objectives after it is issued a retail
license this week by the Australian Energy Regulator, Enel said in a
statement. It will initially target commercial and industrial users
but plans to expand to residential users.
The move comes less than
a month after Royal Dutch Shell Plc
bought one of Australia’s largest household providers of renewable
power, which led some customers to
say they would switch rather than buy from a major oil company.
Enel may face a better reception as it is one of Europe’s top
renewables producers. The company, which
plans to exit coal by 2027 and gas by 2040, has 55 gigawatts of
renewables in its 90-gigawatt global portfolio.
Stranded Asset Risks
Coal and gas
capacity of Europe's biggest utility companies
In Australia the company
has 310 megawatts of capacity in three solar plants, and says it
operates the nation’s largest virtual power plant with 350 megawatts
under management. It will approach commercial and industrial customers
this month, it said.
“Enel is a one stop shop
‘greentailer’ delivering energy from Australia’s abundant renewable
resources for the country’s clean energy future,” Enel Green Power
Australia Country Manager Werther Esposito said in the statement.
