Enel Introduces Clear Power Retail Enterprise in Deregulated States

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Greg Rizzo

Enel North America, an Enel Group subsidiary, has launched its retail energy enterprise in choose deregulated U.S. states, beginning with Texas. The transfer permits industrial and industrial (C&I) organizations to buy competitively priced renewable energy instantly from Enel’s technology property, permitting them to advance their net-zero and sustainability targets with out having to make the long-term monetary dedication of signing a power buy settlement (PPA).

Enel is now able to serve prospects in Texas, the place it has over 4 GW of renewable tasks operational or below building. The firm plans to develop into different deregulated states together with, however not restricted to, Ohio, Illinois and Pennsylvania in 2023.

“Our customers are increasingly seeking alternative ways to purchase renewable energy without having to take a long-term financial position in today’s increasingly volatile and uncertain market,” says Greg Rizzo, head of PPA and renewable energy options at Enel North America. “While we continue to be a market leader in PPAs, that structure may not be the best fit for every customer. The launch of Enel’s retail offering enables us to meet the needs of all our customers and support them through their entire decarbonization journey.”

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