Enel Group Plans 12.1 Billion Euros Investment For Renewable Sector

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  • The Group is planning a gross capital expenditure (capex) of approximately 3 billion euros for its Customers segment.
  • This investment will reach approximately 73 GW by 2026

Enel Group has unveiled its plans for approximately 12.1 billion euros between 2024 and 2026, specifically for renewables.

This investment will focus on onshore wind, solar, and battery storage. Apart from this, innovation will be the next central focus area.

Enel Group is poised for significant expansion in its renewable energy capacity, with ambitious plans to add approximately 13.4 gigawatts (GW) of new renewable capacity across all the regions where it operates. This growth is underpinned by a robust pipeline, which currently stands at an impressive 450 GW, with around 160 GW already in advanced stages of development. This extensive pipeline provides a strong foundation for predictable returns while mitigating risks.

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The strategic investment is expected to have a substantial impact on the Group’s renewable capacity, with projections indicating that it will reach approximately 73 GW by 2026, representing a substantial increase from the estimated 63 GW in 2023. This surge in capacity will result in emission-free energy production comprising around 86% of the Group’s total output by 2026, underscoring their significant commitment to environmental sustainability

In addition to its renewable energy initiatives, the Group is planning a gross capital expenditure (capex) of approximately 3 billion euros for its Customers’ segment. This allocation will support geographical realignment and customer-centric strategies, with a particular focus on Italy, Iberia, and Latin America. The primary goal is to enhance customer engagement across various market segments by offering bundled solutions and dedicated services.

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