Question · Q1 2025
Ruben Alvarado of BICE Inversiones asked for details on an insurance recovery, which regulated contracts expired in 2024, and the reason for a decline in Enel's renewable generation while system-wide renewables grew.
Answer
CFO Simone Conticelli explained the insurance recovery relates to a comprehensive third-party policy. CEO Giuseppe Turchiarelli specified the expired PPAs were from 2008 and 2013 tenders priced above $100/MWh. He attributed the lower renewable output to maintenance at two solar plants and reduced hydro generation.
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