Italian energy giant Enel gets Australian retail licence

Cohuna Solar Farm (Enel licence)
Cohuna Solar Farm

The world’s largest private renewables company, Italy’s Enel Group, has been granted a retail energy licence for Australia, with the company saying it will soon be one stop shop ‘greentailer’.

Along with its Australian operations Enel X and Enel Green Power Australia, the company will use the licence to continue to target the commercial and industrial sector before expanding into the residential market.

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Enel currently has 51GW of renewable capacity installed worldwide.

Enel Green Power Australia currently holds 310MW of combined capacity through solar farms Bungala One and Two, which together have a capacity of 275MW, as well as the 34MW Cohuna Solar Farm in Victoria. Enel X is the company’s commercial and industrial arm, operating Australia’s largest VPP with more than 350MW.

Enel plans to use Enel Green Power’s Australian solar farm output combined with Enel X’s technology platforms, including battery energy storage, a virtual power plant and electric vehicle charging, to offer energy to commercial and industrial customers to help them meet their green goals.

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“As a vertically integrated retailer with wholly owned assets, and a global leader in demand response services …, Enel’s green retail offering will be unique in the marketplace,” Enel X head of Asia Pacific Jeff Renaud said in a statement.

Enel recently considered acquiring online power retailer Powershop Australia, which sells to households, but Enel Green Power’s Australian manager Werther Esposito said the company decided not to submit a final bid.

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