# Enel

> Italian multinational energy company

**Wikidata**: [Q651222](https://www.wikidata.org/wiki/Q651222)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Enel)  
**Source**: https://4ort.xyz/entity/enel

## Summary
Enel is a leading Italian multinational energy company founded in 1962, headquartered in Rome, and operating globally in the electricity and natural gas sectors. It is one of Europe's largest utility companies, with a significant presence in renewable energy through subsidiaries like Enel Green Power. Enel is listed on the Italian Stock Exchange and part of major indices such as the FTSE MIB and EURO STOXX 50.

## Key Facts
- **Founded**: November 27, 1962, as *Ente nazionale per l'energia elettrica* (National Entity for Electric Energy).
- **Headquarters**: Rome, Italy.
- **Revenue**: €75.67 billion (2020), €88.01 billion (2021), €140.52 billion (2022).
- **Employees**: 66,279 (2020), 61,055 (2021).
- **Net Profit**: €6.35 billion (2020), €3.19 billion (2021), €1.68 billion (2022).
- **Total Assets**: €201.6 billion (2020), €219.62 billion (2021).
- **Subsidiaries**: Enel Green Power, Enel Américas, Endesa, Slovenské elektrárne, Enel X.
- **Parent Organization**: Partially owned by Italy's Ministry of Economy and Finance.
- **Stock Exchanges**: Listed on the Italian Stock Exchange and OTC Markets Group.
- **Key People**: CEO Francesco Starace.
- **Industry**: Energy production, distribution, and renewable energy solutions.

## FAQs
- **What are Enel's main business areas?**  
  Enel operates in electricity generation, natural gas, and renewable energy (solar, wind, hydroelectric) through subsidiaries like Enel Green Power.

- **Where is Enel listed on stock markets?**  
  Enel is listed on the Italian Stock Exchange and the OTC Markets Group in the U.S.

- **Who are Enel's key subsidiaries?**  
  Major subsidiaries include Enel Green Power (renewables), Enel Américas (Latin America operations), Endesa (Spain), and Slovenské elektrárne (Slovakia).

- **When was Enel founded?**  
  Enel was established on November 27, 1962, as Italy's national electricity company.

- **Who owns Enel?**  
  The Italian Ministry of Economy and Finance holds a significant stake, though Enel operates as a publicly traded company.

## Why It Matters
Enel plays a critical role in the global energy transition, investing heavily in renewable energy and decarbonization. As one of Europe’s largest utilities, it supplies electricity to over 65 million customers across 30 countries, balancing traditional energy sources with sustainable solutions. Its scale and innovation in solar, wind, and hydroelectric power position it as a key player in addressing climate change and energy security.

## Notable For
- **Renewable Energy Leadership**: Enel Green Power is a global leader in renewable energy capacity.
- **Diversified Portfolio**: Operates in 30+ countries with a mix of thermal, nuclear, and renewable energy assets.
- **Historic Privatization**: Transitioned from a state-owned monopoly to a multinational corporation post-1990s privatization.
- **Major Infrastructure**: Owns critical facilities like the Costanera power station (Argentina) and El Quimbo Dam (Colombia).
- **ESG Commitment**: Targets net-zero emissions by 2040 and invests in electric vehicle charging networks via Enel X.

## Body

### History
Enel was founded in 1962 as Italy’s state-owned electricity company, originally named *Ente nazionale per l'energia elettrica*. It underwent privatization in the 1990s, expanding internationally through acquisitions like Endesa (Spain) and Slovenské elektrárne (Slovakia). In 2008, it established Enel Green Power to focus on renewable energy, reflecting a strategic shift toward sustainability.

### Operations
Enel generates electricity from thermal, nuclear, and renewable sources. Its subsidiaries include:
- **Enel Green Power**: Manages renewable projects (solar, wind, hydro) with 9000+ employees.
- **Enel Américas**: Operates in Latin America, founded in 1889.
- **Enel X**: Provides energy solutions and electric vehicle charging infrastructure, launched in 2017.

The company also owns key infrastructure such as the Federico II power station (Italy) and Arroyito Dam (Argentina).

### Corporate Structure
- **Parent Organizations**: Partially owned by Italy’s Ministry of Economy and Finance.
- **Subsidiaries**: Enel Distribución Chile, EL5-Energo (Russia), and AES Tiete (Brazil).
- **Listings**: Part of the FTSE MIB and EURO STOXX 50 indices.

### Financials
- **Revenue Growth**: Increased from €75.67 billion (2020) to €140.52 billion (2022).
- **Global Workforce**: Employed 66,279 people in 2020, with operations spanning Europe, the Americas, and Asia.

### Leadership
Francesco Starace has served as CEO since 2014, driving Enel’s pivot to renewable energy and digital innovation. The company is affiliated with key figures like Borja Prado (former Endesa chairman) and Luca Desiata (executive leadership).

### Sustainability
Enel aims to achieve carbon neutrality by 2040, investing €160 billion in renewable energy and grid modernization through 2025. Its projects, such as the 2011 El Quimbo Dam in Colombia, highlight its focus on large-scale sustainable infrastructure.

## References

1. [Source](https://www.lobbyfacts.eu/datacard/enel-spa?rid=6256831207-27)
2. Freebase Data Dumps. 2013
3. [Enel, utile in forte crescita oltre 3 miliardi nel 2021. La Stampa](https://finanza.lastampa.it/News/2022/03/17/enel-utile-in-forte-crescita-oltre-3-miliardi-nel-2021/MTYxXzIwMjItMDMtMTdfVExC)
4. [annual report](https://www.enel.com/content/dam/enel-com/documenti/investitori/informazioni-finanziarie/2023/annuali/en/integrated-annual-report_2023.pdf)
5. [Source](http://km.aifb.kit.edu/services/crunchbase/)
6. [annual report. 2019](https://www.enel.com/content/dam/enel-com/documenti/investitori/informazioni-finanziarie/2018/annuali/en/annual-report_2018.pdf)
7. [annual report. 2020](https://www.enel.com/content/dam/enel-com/documenti/investitori/informazioni-finanziarie/2019/annuali/en/annual-report_2019.pdf)
8. [annual report. 2021](https://www.enel.com/content/dam/enel-com/documenti/investitori/informazioni-finanziarie/2020/annuali/en/integrated-annual-report_2020.pdf)
9. [annual report. 2022](https://www.enel.com/content/dam/enel-com/documenti/investitori/informazioni-finanziarie/2021/annuali/en/integrated-annual-report_2021.pdf)
10. [press release. 2023](https://www.enel.com/content/dam/enel-common/press/en/2023-march/Enel%20results%20FY%202022.pdf)
11. [Source](https://www.forbes.com/global2000/list/3/#header:assets_sortreverse:true)
12. [Press Release - Main consolidated economic and financial data. Enel. 2023](https://www.enel.com/content/dam/enel-common/press/en/2023-march/Enel%20results%20FY%202022.pdf)
13. GRID Release 2016-12-06
14. [2020](https://www.gleif.org/content/4-lei-data/8-lei-mapping/1-download-bic-to-lei-relationship-files/bic_lei_gleif_v1_monthly_full_20200327.csv)
15. Quora
16. Aligned ISNI and Ringgold identifiers for institutions
17. Microsoft Academic Knowledge Graph
18. [Source](https://ror.org/052fdp564)
19. Name Suggestion Index
20. YouTube API
21. Wikirate