Enel Américas and its subsidiaries generate, transport and distribute energy in four South American countries: Argentina, Brazil, Colombia and Perú. And we are too in Central America: Costa Rica, Guatemala y Panamá.
We are Latin America’s largest privately owned energy company. As of June 30th of 2021, we had an installed capacity of 15,197 MW and were supplying more than 25,9 million clients.
During our history we have lived important moments. However, December 1st of 2016 is a special date for us as a company because we change our name from Enersis Americas to Enel Américas.
On June 19, 1981, the Compañía Chilena de Electricidad S.A. created a new corporate structure, which gave birth to a parent company and three subsidiaries. One of these was Compañía Chilena Metropolitana de Distribución Eléctrica S.A. In 1985, under the Chilean government’s privatization policy, the process of transferring the share capital of Compañía Chilena Metropolitana de Distribución Eléctrica S.A. to the private sector begun, and ended on August 10, 1987. In this process, the pension fund management companies (AFPs in its Spanish acronym), company employees, institutional investors and thousands of small shareholders joined the company. Its organizational structure was based on activities or operative functions whose results were evaluated functionally and its profitability was limited by a tariff structure as a result of the Company’s exclusive dedication to the electricity distribution business.
In 1987, the Company’s Board proposed forming a division for each of the parent company’s activities. Then four subsidiaries were created to operate as business units with its own objectives, thus expanding the company’s activities towards other non-regulated activities but linked to the main business. This division was approved at the Extraordinary Shareholders’ Meeting of November 25, 1987 thus defining its new corporate purpose. With this, Compañía Chilena Metropolitana de Distribución Eléctrica S.A. became an investment holding company.
On August 1, 1988, as agreed at the Extraordinary Shareholders’ Meeting held on April 12, 1988, one of the companies born from the division changed its name to Enersis S.A. At the Extraordinary Shareholders’ Meeting held on April 11, 2002, the company’s corporate purpose was modified, introducing telecommunications activities and the investment and management of companies whose businesses are in telecommunications and information technology, and Internet trading businesses.
The Company went through a corporate restructuring process that started in April 2015 and was completed in December 2016. This process consisted in the division of the electricity generation and distribution activities developed in Chile, from those performed in the rest of the countries. As such, the former Enersis S.A. was divided and the following companies were born: a) Enel Américas S.A., the continuing company of Enersis with activities in Argentina, Brazil, Colombia and Peru, and, b) Enel Chile S.A. which owns the assets related to the development of the activities in Chile.
Currently Enel Américas S.A. is one of the largest private electricity companies in Latin America, both in terms of consolidated assets and also in terms of operating revenues, which has been achieved through steady and balanced growth in its electricity businesses: generation, transmission and distribution. Additionally, during 2018 the company launched a new business line: Enel X, a global business that leads the transformation of power sector.
Integration of non-conventional renewable energy business
2020 also presented us with important opportunities. One of them will be recorded in our history: on December 18, 2020, the Company's Extraordinary Shareholders’ Meeting approved the Merger by incorporation of EGP Américas into Enel Américas by a large majority, allowing the latter to control and consolidate the ownership of the renewable energy business and generation assets that Enel Green Power develops and owns in Central and South America (except Chile). Once the Merger is complete, the share of renewable sources in the Company's total generation portfolio will increase from 56% to 73%.
We have worked with conviction in pursuit of a fair energy transition for Latin America and to continue leading the sector, we must grow, incorporating the renewable energies business. We believe that this not only brings value to the business in financial terms, but also represents our commitment to sustainability understood in its broadest sense, as well as to the transformation of the energy matrix into an always cleaner one that will improve the quality of life of the region´s inhabitants.
Furthermore, this merger will give the Company immediate access to the know-how and proven experience of Enel Green Power, the world's leader in renewable energy, preserving the financial discipline that has always characterized us. It will also permit us to add 7.8 GW of installed capacity of renewable energies by 2024, permitting Enel Américas to access new growth opportunities that will add to its already consolidated leadership in distribution and the development of advanced energy solutions through Enel X. This will diversify our business and, in short, strengthen our positioning.
Enel Open Power
Being Enel Américas means being Enel: a multinational energy company and one of the world’s leading integrated electricity and gas operators.
Enel operates in 32 countries across 5 continents, generating energy with a net installed capacity of more than 87 GW and distributing electricity and gas across a network spanning about 2.2 million km. with more than 74 million end users around the world.
For years, our task was to connect people to electricity in order to satisfy our clients’ basic needs. Today, however, we are living in a new era that has brought with it a change of paradigm in the way we do and understand things and it is in this context that Enel Américas, as one of the arms of Enel, adheres to the Group’s new vision and philosophy known as “Open Power”.
Open Power implies addressing and resolving some of the greatest challenges facing the world. Today, we are called on and want to open up energy to more people, new technologies, new ways for consumers to manage energy, new uses of energy and more collaborators. A task we will be seeking to achieve through our values: responsibility, innovation, trust and proactivity.
These are ambitious goals and we are pursuing them with the passion of people who want to change the world.
At Enel Group, we all share the same objectives, vision and commitment. The Enel brand is now a visible sign of our unified global identity, in all latitudes, throughout the world. At Enel Américas, we are not just another company; we are part of Enel and of this new way of managing energy.