Enel , the world 's largest utility in terms of customer numbers , is on course to become the first green energy giant after pledging not to build another coal plant and to be carbon neutral by 2050 . According to Francesco Starace , Enel CEO , " in the next 12 months you will see most of the companies more or less go the same way , " as Europe 's utilities , such as E.ON and Vattenfall , look for new business models , having roughly £ 365bn in value to the existing sector . Coal accounts for 29 % of electricity generated by Enel , which supplies power to 61 million homes and businesses across 40 countries , but the coal - fired station opened in Chile this generation will be the company 's last . Renewable energy accounts for 7 % of electricity Enel revenues , however , the company will spend 50 % of its £ 18bn growth investment building wind and solar projects over the next five years .
Enel, the world's largest utility in terms of customer numbers, is on course to become the first green energy giant after pledging not to build another coal plant and to be carbon neutral by 2050. According to Francesco Starace, Enel CEO, "in the next 12 months you will see most of the companies more or less go the same way," as Europe's utilities, such as E.ON and Vattenfall, look for new business models, having lost £365bn in value to the existing one. Coal accounts for 29% of electricity generated by Enel, which supplies power to 61 million homes and businesses across 40 countries, but the coal-fired station opened in Chile this year will be the company's last. Renewable energy accounts for 7% of electricity Enel supplies, however, the company will spend 50% of its £18bn growth investment building wind and solar projects over the next five years.