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Green energy production in Italy boosts Enel's Q1 results

UPDATE 1-Green energy production in Italy boosts Enel's Q1 results Adds CFO comments, details By Francesca Landini MILAN, May 9 (Reuters) - Italian utility Enel ENEI.MI said on Thursday its first-quarter core profit rose 12% year-on-year driven by a strong recovery in renewable energy production at home. Ordinary earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 6.1 billion euros ($6.6 billion), beating a consensus of 5.73 billion euros among analysts polled by L
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Enel's Q1 core profit up 12% on strong renewable energy production

Enel's Q1 core profit up 12% on strong renewable energy production MILAN, May 9 (Reuters) - Italian utility Enel ENEI.MI said on Thursday its first-quarter core profit rose 12% year on year driven by a strong growth in hydroelectric production. Ordinary earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 6.1 billion euros ($6.6 billion), beating a consensus of 5.73 billion euros among analysts polled by LSEG.
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Portuguese court declares levy on renewable utilities unconstitutional

Portuguese court declares levy on renewable utilities unconstitutional By Sergio Goncalves LISBON, May 8 (Reuters) - Portugal's Constitutional Court has declared an extraordinary levy on renewable energy utilities illegal, backing a challenge from companies that have paid hundreds of millions of euros of the so-called CESE levy for years. Renewable power sources such as dams, solar and wind parks supplied 61% of Portugal's electricity in 2023, one of the highest ratios in Europe.
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Spanish stocks - Factors to watch on May 8

Spanish stocks - Factors to watch on May 8 May 8 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: IBERDROLA IBE.MC The company said on Tuesday it had got a preliminary authorisation for its first offshore wind farm in Australia.
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Endesa urges Spain to act to boost power grid investments as energy prices dent profit

UPDATE 3-Endesa urges Spain to act to boost power grid investments as energy prices dent profit Adds CEO comment in paragraphs 3 and 7-9, CFO comment in paragraph 12 By Pietro Lombardi MADRID, May 8 (Reuters) - Endesa ELE.MC on Wednesday urged the Spanish government to make it more attractive to invest in power networks as the Spanish power utility shifts investment towards grids.
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