Enel had a local investment budget of EUR200 million last year, of which a large amount went into the installation of smart meters.
The group’s operating profit in Romania grew 50% in 2020, to EUR309 million.
Enel had 3 million customers in Romania at the end of 2020, compared with 2.9 million at the end of 2019. The company has 0.9 million smart meters in Romania, 50% more than in 2019.
The group is also one of the biggest investors in the local renewable energy sector, with 534 MW capacity of which 498 MW in wind power projects. Romania has around 3,000 MW installed capacity in wind power and Enel accounts for over 16%.
Enel X Romania, part of the group’s division of advanced energy services, plans to complete a 500-unit network of electric vehicle charging stations this year. For comparison, OMV Petrom, the biggest fuel distributor locally, has around 550 traditional gas stations.
The Italian utility group targets tripling its green energy production capacity in the next ten years, to 145 GW, following investments of EUR60 billion.
The group reported revenues of EUR65 billion in 2020, down 19% compared with 2019, mainly due to lower sales of gas and electricity in Italy and Spain.