Enel North America, a subsidiary of the Enel Group, is launching its retail energy business in selected deregulated US states, starting with Texas. The move will enable commercial and industrial (C&I) organizations to purchase competitively priced renewable energy directly from Enel’s generation assets, allowing them to advance their net-zero and sustainability goals without having to who will make the long-term financial commitment to sign a power purchase agreement (PPA).
Enel is ready to serve customers in Texas, where it has more than 4 GW of renewable projects in operation or under construction. The company plans to expand to other deregulated states including, but not limited to, Ohio, Illinois and Pennsylvania by 2023.
“Our customers are increasingly looking for alternative ways to purchase renewable energy without having to take a long-term financial position in today’s highly volatile and uncertain market,” said Greg Rizzo, head of PPA and renewable energy solutions 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 offer allows us to meet the needs of all our customers and support them throughout the decarbonization journey.