ENIA - Enel Americas Not Recognised For ESG Exposure And Diversified Concession Risk
By Felipe Bijit
Enel Américas S.A. (Enel Americas) (ENIA) provides resilience to the various shocks that might be presented by COVID-19 in the coming months. From both distribution and substantially green-power assets, ENIA has stakes in businesses whose product is essential to end-markets, and in the case of distribution substantially pre-ordained in revenue by government tariff schemes, where the first won't be reviewed till 2022. Moreover, the distribution businesses are diversified by regulatory entities, where their concessions are spread across Colombia, Brazil, Argentina and Peru, with only 10% exposure in networks and