Enel is the renewable and alternative power company most prolific at making international expansions, followed by Amazon.com and Iberdrola. GlobalData’s renewable and alternative power foreign direct investment (FDI) company report highlights the current foreign investments made by leading renewable and alternative power investors. Buy the report here.
Enel has been the most active renewable and alternative power greenfield investor between Q1 2019 and Q1 2024, according to GlobalData’s FDI Projects Database. The Parent_clean company has been actively investing through several of its subsidiaries/company divisions.
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Greenfield foreign direct investment is when a company invests abroad to establish a new physical presence or expand an existing operation. Greenfield investments create jobs and/or involve a capital investment into the foreign location. Other forms of FDI, such as mergers and acquisitions, are not included as part of this definition.
The majority of Enel investments were in the solar subsector. In fact, 46% of its total foreign investments were in this subsector. It also created projects across a further 13 subsectors.
By business function, most (90.2%) of Enel projects were related to energy generation. Sales, administration & marketing and R&D were the next most popular operations undertaken by Enel.
The company has been active across nine world regions, mainly focused on Western Europe which received 47.9% of the company’s greenfield investments between Q1 2019 and Q1 2024. Its top three destination countries (by number of greenfield FDI projects) were Spain, the US and Chile. Combined these three countries account for 75.6% of its total number of renewable and alternative power investments.
Enel created more FDI projects in 2021 compared to any other year between Q1 2019 and Q1 2024.
Other leading FDI project generators in the renewable and alternative power industry include Amazon.com, Iberdrola, RWE and Agence des Participations de l Etat.
Germany is the leading source market for outbound renewable and alternative power greenfield FDI projects. The country accounts for 11% of total outbound renewable and alternative power investment projects. There have been 120 unique parent companies from Germany that have announced renewable and alternative power FDI projects between between Q1 2019 and Q1 2024.
To further understand the top renewable and alternative power FDI companies, access GlobalData’s Top renewable and alternative power Foreign Direct Investment Companies report.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s FDI Projects Database records greenfield FDI throughout the world in real-time. The data can be used to analyse company cross-border expansion activities as well as identify industry, thematic and geographic trends.
