Enel Group has unveiled plans to invest approximately €12 billion in renewable energy from 2025 to 2027, aiming to expand its clean energy portfolio by 12 GW.
This initiative is part of its Strategic Plan, which emphasizes flexible capital allocation and a selective approach to maximize returns and minimize risks. Enel also plans to capitalize on brownfield asset opportunities to enhance profitability further.
The group's renewable energy strategy focuses on diversifying its technological mix, with over 70% of the new capacity coming from onshore wind and dispatchable technologies such as hydropower and battery storage. By 2027, Enel's total installed renewable capacity is projected to reach 76 GW.
Geographically, Europe will receive about 65% of the planned gross capital expenditure in renewables, with Italy accounting for 34% and Iberia for 31%. The favorable regulatory frameworks in these regions are expected to bolster decarbonization efforts. Latin America and North America will receive the remaining 35% of the investment.
Enel anticipates a more than 15% increase in total clean energy production by 2027, with Europe and the United States contributing around 55% of the group's renewables output.
