Enel Green Power SpA (EGPW.MI), one of the world's biggest renewables companies, said Friday it plans to invest EUR6.1 billion under its new 2012-2016 business plan.
Enel Green Power SpA (EGPW.MI), one of the world's biggest renewables
companies, said Friday it plans to invest EUR6.1 billion under its new
2012-2016 business plan.
In a slide presentation, the company said its dividend policy under the new
plan will include a 30% payout of profits.
Enel Green Power, controlled by
Italy
's
biggest utility Enel SpA (ENEL.MI), forecasts earnings before interest, taxes,
depreciation and amortization, or Ebitda, at about EUR1.7 billion in 2012.
Ebitda is seen growing to EUR2.2 billion in 2014 and to EUR2.6 billion in 2016.
The company expects to raise its installed capacity by 4.5 gigawatts over the
2012-2016 period.
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