Renault-Nissan, Enel and Endesa to Partner on Electric Mobility in Italy, Spain and Latin America

Enel, Endesa and the Renault-Nissan Alliance signed a
Memorandum of Understanding aimed at developing electric mobility across several
geographical areas in Italy, Spain and Latin America. The agreement calls for:

• Analysis of the technical integration (power interface, safety, and
  communications protocol) between Renault and Nissan’s electric vehicles and
  Enel’s recharging infrastructure;

• Examination of the development of integrated product and service offerings for
  the customers of electric vehicles;

• Analysis of various recharging technologies and the services associated to the
  charging infrastructure;

• Study of the entire battery life cycle, including the possible use of the battery
  as an energy storage system of energy produced from renewable sources in
  the second part of its life cycle; and

• Joint evaluation for development of pilot projects in areas to be identified in
  Italy, Spain and Latin America.

Between 2011 and 2012, Renault will launch a
complete range of 4 electric vehicles: the urban vehicle Twizy Z.E., the compact
hatchback Zoe Z.E., the family sedan Fluence Z.E. and the light commercial vehicle
Kangoo Z.E. In late 2010, Nissan will launch LEAF, an all-electric
vehicle for the global mass market. Sales will begin in the US, Japan and
select markets in Europe before global mass marketing in 2012.

Enel is Italy’s largest power company, and Europe’s second listed utility by installed
capacity. Endesa is the leading electricity company in Spain, the first private electricity company in Latin America and has a strong position in the Mediterranean basin, with a growing
presence in various presence segments of the natural gas market in Spain and Portugal.