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Enel boosts renewable energy investment to 53 billion euros, targeting 80 GW capacity by 2028 and raising earnings forecasts.
Enel, the Italian energy company, unveiled a 2026–2028 strategic plan to invest 53 billion euros—10 billion more than its prior plan—focused on expanding renewable energy and upgrading grids.
The company aims to increase its installed renewable capacity to over 80 gigawatts by 2028, adding 15 gigawatts through wind and solar projects, including an 830-megawatt U.S. portfolio acquired for $1 billion.
Enel expects earnings per share to rise to 0.80–0.82 euros by 2028, up from 0.69 euros in 2025, with dividends growing at a 6% annual rate and a 1-billion-euro share buyback approved.
The plan is backed by strong investor confidence, reflected in a 6.5% stock surge.
Enel aumenta la inversión en energía renovable a 53 mil millones de euros, apuntando a 80 GW de capacidad para 2028 y elevando las previsiones de ganancias.