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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Enel S.p.A.    ENEL   IT0003128367

ENEL S.P.A.

(ENEL)
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Enel S p A : BCC Energia and Enel X sign an agreement for electric mobility

10/27/2020 | 09:55am EST

JOINT PRESS RELEASE

BCC ENERGIA AND ENEL X SIGN AN AGREEMENT FOR ELECTRIC MOBILITY

While the European Commission increases its 2030 CO2 emissions reduction goal from 40% to 55% and will review all climate and energy legislation to make it "suitable for 55" by summer 2021, BCC Energia and Enel X sign an agreement to boost electric mobility in Italian cities, urban areas, small towns and inland areas.

BCC Energia - the Consortium of Cooperative Credit Banks, which supports member banks in energy services - and Enel X, the business line of the Enel Group dedicated to innovative products and digital solutions, announce they have signed a framework agreement.

The agreement involves a partnership for the supply of materials and services for the installation, management and maintenance of electric vehicle charging infrastructures (cars, vans, motor vehicles, etc.) at the head quarters and branches of Cooperative Credit Banks.

Electric mobility is the new tile in the mosaic of actions and measures, which the Cooperative Credit Banks are implementing to move towards energy sustainability and a greener future. A mosaic that is already made up of the promotion and use of renewable energy sources, of power plant upgrading and of consumption monitoring.

In 2019 alone, through the BCC Energia Consortium, Cooperative Credit Banks avoided the emission of 35,567 tons of CO2 into the atmosphere. The BCC banks and member companies or clients of the consortium, in 2019, consumed 125,199,391 KWh of green energy (generated by renewable sources) under favourable terms, saving of 1.3 million euros.

The new partnership will enable the spread, in small towns and inland areas, as well as in cities and urban areas, of the culture and practices of sustainable mobility thanks to the widespread coverage of Cooperative Credit Banks, combined with the innovative technological solutions of Enel X, which already operates across Italy. To date, there are over 10,500 charging stations installed by the company throughout the country, with the goal of reaching a total of 28,000 by 2022. More specifically, the offices and branches of BCC banks will be able to access Enel X's special sustainable mobility services, through a vast range of charging infrastructure for charging the electric vehicles present on the market.

"Promoting the diffusion of electric vehicle charging stations at BCC banks confirms the attention paid by these banks to their local areas, with the objective of actively supporting the transition towards green energy and promoting sustainable lifestyles," said the President of BCC Energia and Federcasse (the national federation of Cooperative Credit Banks), Augusto dell'Erba.

"The spread of electric mobility is the main goal of Enel X and can be achieved thanks also to agreements with leading Italian companies," stated Federico Caleno, head of e-Mobility Italy for Enel X. "The partnership with BCC Energia is testament to our commitment in that regard and enables us to supply our cutting-edge technologies for charging electrical vehicles to the members and customers of the Cooperative Credit Banks all over the country."

Rome, October 27th, 2020

BCC Energia

Consortium

of Cooperative Credit Banks for energy services

Registered office:

00184 Rome

Via Torino, 153

Operating office:

43121 Parma

Via Girolamo Magnani, 10

web www.bccenergia.it mail info@bccenergia.it

Certified e-mail address bccenergia@pec.it

PEC bccenergia@pec.it

Federcasse Press Office Federazione Italiana delle BCC-CRA Francesca Stella

Media Relations Office

Tel +39.06.7207.2666 - mobile 340.7769839 fstella@federcasse.bcc.it

Enel X

Media Relations

T +39 06 8305 5699 ufficiostampa@enel.com enelx.com

BCC Energia

Consortium of Cooperative Credit Banks for energy services

Registered office: Via Torino, 153 - 00184 Rome

Operating office: Via Girolamo Magnani, 10 - 43121 Parma

Tel. +39 0521 272725 - Fax +39 0521 274510

web www.bccenergia.it - mail info@bccenergia.it - Certified e-mail address bccenergia@pec.it

VAT registration and Tax code no. 10705611001

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Enel S.p.A. published this content on 27 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2020 14:54:14 UTC


© Publicnow 2020
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Financials
Sales 2020 78 538 M 93 597 M 93 597 M
Net income 2020 4 940 M 5 887 M 5 887 M
Net Debt 2020 48 554 M 57 863 M 57 863 M
P/E ratio 2020 17,7x
Yield 2020 4,19%
Capitalization 86 084 M 102 B 103 B
EV / Sales 2020 1,71x
EV / Sales 2021 1,67x
Nbr of Employees 66 735
Free-Float 76,4%
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Number of Analysts 25
Average target price 8,91 €
Last Close Price 8,47 €
Spread / Highest target 24,0%
Spread / Average Target 5,20%
Spread / Lowest Target -30,3%
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NameTitle
Francesco Starace Chief Executive Officer, Director & GM
Michele Alberto Fabiano Crisostomo Chairman
Alberto de Paoli Chief Financial Officer & Head-Administration
Anna Chiara Svelto Independent Director
Cesare Calari Independent Director
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