New CEO, Francesco Starace, is taking the Italian firm in a new direction, investing in solar and wind to become the first ‘truly green energy giant’
Just a year ago the Italian energy giant Enel was in a bitter court battle with Greenpeace, which accused the utility’s coal plant pollution of killing people. Today, the two groups are firm friends and Greenpeace says Enel is on track to be the “first truly green energy giant”.
What changed was the observation by new Enel CEO, Francesco Starace, that the tide was flowing in only one direction for utilities – towards low-carbon energy – thanks to fast-dropping renewable energy costs, smarter and more-efficient grids and increasing government action on climate change.
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Source: Guardian Environment