Sat. May 28th, 2022

Bungalow solar farm

The Italian Enel Group, the world’s major private player in renewable energy, has secured its energy retail license in Australia and plans to offer a unique “green-tailer” product on the local market that combines renewable energy, virtual power plants and an opportunity for charging electric cars for its customers.

Enel’s push into the Australian energy retail sector, following the approval of its license from the Australian energy retailer, is the latest in a series of attacks on local energy companies, including Shell, which has taken up ERM and PowerShop, and Telstra, which will draw on its 5 million telecom customers.

Enel already operates the largest solar farm in southern Australia, the Bungala plant near Port Augusta (pictured above), is finalizing the Cohuna solar farm in Victoria and plans for at least one more gigawatt of wind, solar and battery storage facilities across the country.

It operates more than 51 GW of renewable energy capacity around the world – a combination of wind, solar, hydropower and geothermal energy in more than 30 countries.

“We have more than 70 million retail customers in very important markets such as the United States, Italy, Spain, Brazil, Chile,” Werther Esposito, head of Enel Green Power in Australia, told RenewEconomy in an interview.

“So we really believe that we can somehow export our know-how to the Australian market and support the green energy transition here.”

Enel will also draw on its Enel X subsidiary, which has already built a 350MW “virtual power plant” across the country, combining the resources solar roof energy, on-site battery storage systems and electric vehicle charging solutions.

“There are a lot of players in the market,” Asia-Pacific Enel X chief Jeff Renaud told RenewEconomy. “But we are still confident that we have something unique to say and offer customers.”

This offering will enable customers to “decarbonize, digitize and electrify their energy consumption”, enabling customers to earn significant amounts of revenue by supporting the network’s fluctuating power needs.

“We can offer a unique way for them to access solid renewable energy, identify new ways to electrify their energy consumption to take advantage of the increasingly abundant renewable energy and help them reshape their load profile to take advantage of the dramatic changes in wholesale prices are driven by solar energy, ”said Renaud.

Esposito said Enel has a goal of developing 1.5 GW over the next three years – with wind and solar projects in NSW and Western Australia and battery storage, including in Bungala. He said the growth would come from both “greenfields” development and M&A.

“The idea is to support our pipeline of production sites with different technologies, wind and solar energy, and of course batteries,” he said. A new project may be announced in the coming weeks.

“Enel is a one-stop-shop ‘greentailer’ that supplies energy from Australia’s abundant renewable resources for the country’s future of clean energy,” he said in a separate statement.

“The Enel retail offering will provide exclusive access to Enel Green Power’s innovative renewable energy mix. As Enel’s customer base grows, Enel Green Power’s diversified asset base will also grow, which will directly service the growing demand. ”

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