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Annual Report 2010 - Enel.com

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30.8% of its shares are listed on the Milan and Spanish stock exchanges. The offering was fully<br />

subscribed, with demand exceeding supply by 25%.<br />

In Europe, <strong>Enel</strong> Green Power is present in Spain, Greece, France, Romania and Bulgaria with 1,869<br />

MW in installed capacity. In Italy, with a total of about 2,776 MW of installed capacity and 12.2 TWh<br />

of electricity generated, <strong>Enel</strong> Green Power is a leader in renewable technologies. During the year,<br />

construction began on a facility in Catania for the manufacture of innovative thin-film solar panels<br />

in a joint venture with Sharp and STMicroelectronics.<br />

In North America, the <strong>com</strong>pany has operates in 20 US states and two Canadian provinces, with an<br />

installed capacity of 788 MW and output of 2.6 TWh at the end of <strong>2010</strong>.<br />

In Latin America, <strong>Enel</strong> Green Power has 33 plants in Mexico, Costa Rica, Guatemala, Nicaragua,<br />

Panama, El Salvador, Chile and Brazil. Overall, on the continent, <strong>Enel</strong> Green Power has a renewable<br />

energy capacity of 669 MW and 3.6 TWh of electricity generated in <strong>2010</strong> using hydroelectric, wind<br />

and geothermal power technologies.<br />

Finally <strong>Enel</strong>.si, a wholly-owned subsidiary of <strong>Enel</strong> Green Power, which has a network of over 550<br />

franchisees, installed over 160 MW in photovoltaic capacity in the retail market in Italy in <strong>2010</strong>,<br />

tripling its installed base and reaching about 12,000 customers.<br />

Outlook<br />

The major objectives achieved in terms of size, efficiency and diversification of the generation mix<br />

and the strengthening of our financial structure will enable <strong>Enel</strong> seize the opportunities offered<br />

by a new cycle of organic growth and development in rapidly developing countries. Accordingly,<br />

<strong>Enel</strong>, in confirming its strategic direction, will continue to pursue leadership in the markets in which<br />

it operates, continuing and intensifying its initiatives to boost operational excellence along the<br />

entire value chain. The consolidation and integration of its operations abroad will enable us to disseminate<br />

a culture of excellence and efficiency throughout the entire Group and to achieve greater<br />

operational synergies.<br />

<strong>Enel</strong> will continue to implement its development plans in the renewable energy sector with determination,<br />

confirming their essential contribution to the strategy for sustainable development in the<br />

energy industry. Thanks to our know-how, our technological skills and the geographical scope of<br />

our operations, <strong>Enel</strong> is a world leader in what is forecast to be a rapidly expanding sector.<br />

At the same time, <strong>Enel</strong> will continue its <strong>com</strong>mitment to research and technological innovation,<br />

with a special focus on the development of environmentally <strong>com</strong>patible thermoelectric technologies,<br />

smart grids and electric mobility, as well as initiatives to strengthen direct access to fossil fuels<br />

through selective vertical integration.<br />

<strong>Enel</strong> also intends to consolidate its leadership role in the field of corporate social responsibility, a<br />

sector in which it has already received major recognition at the global level.<br />

On this foundation, the ever closer integration of international operations together with our development<br />

programs and initiatives to boost operational efficiency will have a positive impact on performance<br />

in 2011, helping us achieve the financial targets announced to the market.<br />

The Chief Executive Officer<br />

Fulvio Conti<br />

19

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