Aristotelis ChantavasHead of Europe Area

Agenda

RES MARKET TRENDS

IDEAS FOR THE GREEK MARKET

ENEL ACTIVITIES

Enel today

3

We are a global leader in the new energy world

1. By number of customers. Publicly owned operators not included

2. By installed capacity. Includes managed capacity for 4.2 GW

3. It includes nuclear

4. Includes customers of free and regulated power and gas markets

1st network operator1

World’s largest private

player2 in renewables

Largest retail customer

base worldwide1

73 mn end users

64 mn customers4

44 GW capacity2

46.5 GW capacity3

5.7 GW demand response

٠٠

TechnologyNo.

Plants

Installed

Capacity (MW)

Wind 17 200

Hydro 5 19

Solar 28 88

Total 50 307

Kafireas Wind

Farms

154 MW

Enel in Greece10 years and keep going…

Investments of more

than 500 million Euros

New investment of more

than 300 million Euros

Kafireas wind farmsThe biggest wind farms’ complex in Greece

• 7 wind farms / 67 wind turbines / 154,1 MW

• 2 substations / 25 km overhead line

• 45 km submarine cable

• 18 km underground cable

• Expected production to cover the needs of 130.000 households

• 1.5 million man-hours / Zero accidents

• 3% of revenues delivered to the local community each year

• More than 12 million Euros spent locally in sustainable initiatives

• Use of remotely operated vehicle for the trenching of the submarine cable

• Drones for installation of overhead line cables

• Bird monitoring system to start / stop the turbines automatically

• Tele-medicine at the construction site

Agenda

ENEL ACTIVITIES

RES MARKET TRENDS

IDEAS FOR THE GREEK MARKET

3.533 GW

22%

2%

29%

47%

Renewables Installed CapacityTripled capacity in less then 20 years

Europe

Latam

North America

China

India

Africa

RoW

27%

10%

15%

28%

5%

2%

13%31%

13%

18%

19%

4%

2%

13%

Source: Enerdata

32%

15%22%

9%

3%

3%

16%

840 GW

1.300 GW

2.300 GW

RES

Share

24%20%

6%

30%

44%

RES

Share

26%

5.210 GW

18%

15%

29%

38%

RES

Share

33%

7.000 GW

Hydro

Other RES

Coal

Other

Conventional

2000 2010 2017

230

450

950

120

Hydro Wind Solar PV Other RES

260

560

940

80

Hydro Wind Solar PV Other RES

How the installed capacity mix will look likeWorld Installed Capacity

Source: World Energy Outlook 2018, New Policies Scenario - IEA

1.840 GW 1.750 GWAdditional 2020-2030 Additional 2030-2040

15%

38%18%

29%16%

31%

22%

31%

10.000 GW

RES

Share

47%

RES

Share

53%

12.300 GW

2030 2040

Hydro

Other RES

Coal

Other

Conventional

18%

15%

29%

38%

RES

Share

33%

7.000GW

2017

RES Share

77%RES Share

76%EU

Latam

North AM

China

India

Africa

RoW

0

20

40

60

80

100

120

140

160

180

200

220

Solar PV Wind Onshore Solar PV Wind Onshore Solar PV Wind Onshore

2018 2025 2030

What is behind this growth?RES development drivers

Who is leading the transition

Governments

Corporations

Wise and

sustainable energy

strategy

Innovative and

sustainable growth

Conscious and

sustainable value

chain

Utilities

Economic

Choice

Necessary

For Environment

1.5°C 2°C 2°C vs 1,5°C

2.6xworseEXTREME HEAT

SEA-ICE-FREE ARCTIC

SEA LEVEL RISE

10xworse

.06MMORE

Easiest

to do

PV & Wind

8 ÷ 12 months

CCGT

16 ÷ 20 months (open cycle)

26 ÷ 30 months (closed cycle)

Coal

40 ÷ 60 months

Nuclear

120+ months

Average LCOE €cent/kWh – Global Average

Current Coal and Gas

Markets will grow at different speedsGlobal view

Governments

Corporations

Growth

C&I

Transition Utilities

Consumer’s awareness for climate change is spreading worldwide

#Fridayforfuture

New York Rome

Cape TownSydney

Coritiba

Hyderabad

Source: #Fridayforfuture. Countries in green: countries where there has been at least one protest

Strong commitment to our SDGs targets

1. Cumulated figures since 2015

2. In the whole Group perimeter, 4.9 mn beneficiaries were reached

Access to affordable and clean energy mainly in Africa, Asia and Latin America

2.22

2018E1

Employment and sustainable and inclusive economic growth

1.8

Engaging local communities (mn beneficiaries)

High-quality, inclusive and fair education 0.9

Reduction of CO2 specific emissions (kg/kWheq)

0.39

Climate change 2018E

3.0

Target

20201

3.0

0.8

<0.35

2020

Agenda

ENEL ACTIVITIES

RES MARKET TRENDS

IDEAS FOR THE GREEK MARKET

Ideas for the Greek marketProposals to accelerate investments

Regulatory

- More ambitious targets for National Energy & Climate Plans

- Immediate Implementation of the Target Model and the bilateral PPAs

- Fast-Track for large / strategic investments

- Legislative Acceleration (e.g.Repowering, Hybrids, Storage, etc.)

Licensing

- Simplification / Acceleration of the Permitting Procedure

- Finalisation of Public Cadastre /Forest Maps / RES Land Planning

- Modernization of Production Licenses Regulation

Thank you for your attention