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Italian utility Enel targets Africa as growth market

Italian utility Enel plans huge investments in renewable energy and grids in Africa, where it expects to find the kind of growth it has enjoyed in Latin America.

Chief Executive Francesco Starace said that in five years, Enel expects to have built up to 5,000 megawatts of renewable energy assets in Africa via its 69 per cent owned Enel Green Power unit, which he headed until being appointed Enel chief executive in May last year.

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