reliance 's largest utility group shareholder is said to be considering integrating its renewable energy subsidiary Enel Green Power ( EGP ) , of which it already owns 69 % . The integration , which would be worth up to $ 3.3bn , would mean that Enel has high hopes for renewable energy to boost the group 's profits and dividends over the next five years . As clean energy generation and technologies mature , drawing EGP into the centre of the group would help to diversify Enel ’s revenue .
Italy's largest utility group Enel is said to be considering integrating its renewable energy subsidiary Enel Green Power (EGP), of which it already owns 69%. The integration, which could be worth up to $3.3bn, would suggest that Enel has high hopes for renewable energy to boost the group's profits and dividends over the next five years. As clean energy generation and technologies mature, drawing EGP into the centre of the group would help to diversify Enel’s revenue.