Enel Commits 4B Euros for Renewable Energy Research

Enel plans to invest more than 4 billion Euros [US$5.24 billion] over the next five years in new renewable energy and in the development and application of the advanced emissions-abatement technologies.

Enel’s new plan for reducing the environmental impact of power generation and distribution, addresses renewable energy, energy efficiency and distributed generation, and zero emissions and hydrogen. It calls for the involvement of the leading Italian and international universities and research institutes. Enel and the Massachusetts Institute of Technology (MIT) in Boston will collaborate on several projects: Enel’s research unit will be participating in the MIT Energy Initiative currently being developed, and MIT researchers will be contributing to Enel projects on the capture and sequestration of CO2, advanced solar systems and energy savings. “In order to contribute to achieving these ambitious goals over the next five years (2007-2011),” said Fulvio Conti of Enel, “Enel plans to develop an ambitious investment program of more than 4 billion Euros: 800 million Euros in innovative projects and 3.3 billion Euros in the development of renewable sources (an additional 1,700 MW over the next 5 years), 1.6 billion Euros of which in Italy.”
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