Italian energy group Enel has announced a major investment plan totaling around EUR 43 billion (USD 45.6 billion) over the next three years, primarily aimed at enhancing energy grid efficiency and expanding renewable energy production. The company revealed that EUR 26 billion will be allocated to improving and expanding its energy grids, with 78% of this sum focused on Europe, particularly in Italy and Spain, while the remainder will be invested in Latin America. The second-largest portion of the investment, EUR 12 billion, will be dedicated to increasing renewable energy capacity, including onshore wind, hydroelectric production, and battery storage, with the goal of adding 12 gigawatts (GW) of new capacity.
Enel plans to boost its total renewable energy production by 15% by 2027, aiming to reach 76 GW. The company emphasized that the strategic plan for 2025-2027 will not only improve profitability, flexibility, and resilience but also enhance overall efficiency through continuous optimization of processes and offerings. This new investment plan marks an increase of around EUR 7 billion compared to the previous one, underscoring Enel’s commitment to a sustainable energy future.
