Enel eyes 145 GW of renewables by 2030, no coal by 2027

Italian utility group Enel SpA (BIT:ENEL) intends to triple its renewable power generation capacity to 145 GW by 2030 and phase out coal by 2027, in line with the United Nations’ (UN) energy strategy.

The new targets were announced last week during the company’s participation in a “High-level Dialogue on Energy” meeting convened by UN Secretary-General Antonio Guterres to create a roadmap toward clean, affordable energy for all by 2030 and net-zero emissions by 2050. Enel’s participation addressed available solutions to accelerate the pace of energy transition and the decarbonising of electricity.

Apart from expanding its renewables fleet from around 49 GW in 2020, Enel will also look to reach 20 TWh of battery storage and 20 GW of demand response capacity by 2030. Additionally, it will aim to lower its Scope 1 greenhouse gas emissions to 148 grams of carbon dioxide (CO2) equivalent per kWh by 2023 and to 82 grams/kWh by 2030.

All of Enel’s coal-fired power stations will be shuttered by 2027, three years earlier than initially planned. At the end of June, the utility had 85.5 GW of net efficient installed capacity, of which 46.6 GW renewables.

Last but not least, the Italian company plans to increase electric vehicle charging points to more than 4 million by 2030 from 186,000 in 2020 and lift the number of charging stations for electric buses to over 10,000 over the same period.

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