En+ Group is Highest Ranked Russian Renewable Energy Company in 2019 Green Utilities Global Report

ESG news


november, 2019

08 November 2019 — the Power segment of En+ Group (LSE: ENPL; MOEX: ENPL), a leading international vertically integrated aluminium and power producer, achieved the highest position of all Russian renewable energy companies in Energy Intelligence’s 2019 Green Utilities report. The report identifies the world’s 100 most efficient power producers based on a detailed points system, that takes production capacity and carbon emissions into account. In the latest report, En+ Group’s Power segment (represented by EuroSibEnergo) is ranked 43rd in the world, ahead of other Russian contenders, RusHydro and Inter RAO UES, and eight places higher than in the 2018 report.

The improved performance in this year’s ranking is the result of the Group’s ‘New Energy’ modernization programme which is upgrading equipment for improved efficiencies and performance.In Q3 2019, the ‘New Energy’ programme has led to a 338 GWh increase in power production and a reduction in CO2 emissions of 392,000 tonnes over the same quarter in 2018. In the nine months of 2019 from January to September 2019 production was 934 GWh higher, and CO2 emissions were 1,082,000 tonnes lower, than the same period in 2018.

The modernisation program will support the annual generation of 2.0 TWh of additional clean hydro energy starting from 2022, while at the same time removing up to 2.3 mln tonnes of CO2e emissions.

Vladimir Kiryukhin, CEO, En+ Group, commented:
“These results reinforce our belief in the targeted approach we are taking to increase performance efficiency. We are not complacent, however, and are committed to the ongoing delivery of our modernization programme efforts to further enhance our renewable generation footprint, allowing for a more sustainable future."

Lauren Craft, editor of Energy Intelligence New Energy, said:
“Power companies have seen the writing on the wall on the need to transition their business models. We’ve seen concrete actions in recent years in the sector which has resulted in portfolios that are noticeably shifted toward greener power generation sources. Another noteworthy trend is that the shifts toward low-carbon power are occurring among both large, established utilities as well as smaller, newer players in the industry.”

Energy Intelligence selected 100 companies among the largest power generators from around the world, accounting for almost half of global capacity. The ranking evaluated their “greenness” according to carbon dioxide emissions per megawatt hour and renewable energy capacity. Rather than approaching the subject by country or region, the report compares individual companies, from both industrialized and emerging markets.

Full results and detailed methodology can be accessed via this link.

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