Enel announces €53 billion investment plan focused on renewables and grids

Enel plans to increase capital expenditure to approximately €53 billion ($63 billion) for the 2026–2028 period, according to Agerpres.

Under the new strategic plan, about half of the investment will be allocated to electricity grids, while roughly 38% will go to renewable energy. The previous three-year plan had earmarked €43 billion, with 60% directed to grids and 28% to green energy projects.

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“The Group expects a significant acceleration of investments in renewables, reaching approximately €20 billion, focusing on geographical areas characterized by strong growth in electricity demand,” the company said in a statement.

The strategy targets mainly Europe and the United States, where electricity demand and energy transition efforts continue to intensify.

Share buyback and improved financial outlook

Enel also announced a €1 billion share buyback program to be carried out by the end of July.

For 2028, the company expects earnings per share between €0.80 and €0.82, compared with around €0.69 forecast for 2025. The dividend per share is set to increase by 6% annually between 2026 and 2028, starting from €0.49 in 2025.

On Monday morning, Enel shares were up 3.5%, outperforming the 0.3% rise of the Milan Stock Exchange.

Photo: Enel