The magazine praised the Group for boosting investment in high-growth markets in the Americas and Africa by 48 percent through 2019 to offset declining demand for power in Europe. Enel is the only Italian company and the only electricity utility in list.
“We are delighted that Enel has been recognized by Bloomberg Businessweek as a stock with big potential upside in the year to come,” said Enel CEO Francesco Starace.
“This is a significant endorsement of Enel’s strategy to capitalize on the opportunities in all of our markets. In emerging economies we are supporting sustainable development through our investment in clean power generation and infrastructure development, while the focus is on digitization in more mature economies, where we are delivering smart network technologies and other innovative solutions,” Starace said
Bloomberg Businessweek compiled the list of 50 companies to watch in 2016, which is sorted in alphabetical order, on the basis of an assessment carried out by the analysts at Bloomberg Intelligence, to identify those companies “that face tough challenges, or are poised to make big gains, in the year ahead.”
The list considers several factors including changing industry dynamics, changes to the executive line-up or introduction of new products.
In other Enel Green Power news,the company has partnered with the Italian Ministry of Education to create of the first Education and Training Centre for Mechatronics for wind turbines in Italy.
To help facilitate the project, a memorandum of understanding has been signed between the A. Monaco Technical Institute’s Foundation and the region of Calabria.
The initiative is intended to create a post-diploma programme at the A. Monaco Technical Institute of Cosenza focusing on the acquisition, development and application of research methods in wind mechatronics, as well as on improving, implementing and diversifying training and employment opportunities in this field.
“Renewable energy is a growth engine for the future, a future in which young people can play an extraordinary role through their expertise and their energy," said Enel Green Power's Francesco Venturini.
"We are happy to help create, within the framework of this agreement, the skills for the growth of Southern Italy through the training of numerous students and the supply of equipment and transportation. Our country needs skilled technicians, making this a commitment we support with great pleasure,” the CEO said.
Enel Green Power is a participating member of the A. Monaco Technical Institute’s Foundation, established 2012 to promote the spread of technical and scientific knowledge and support the development of the economy and active labour market policies.
Enel will provide equipment and services to transport wind generation equipment to the training centre and will be responsible for modifying and supplementing course materials and providing ongoing support to the training process.
The region of Calabria has committed to supporting the project with a contribution of €350,000.
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