Enel aims to triple its total renewable capacity to 154 GW by 2030
Post date: 25/11/2021 - 10:58
Italian utility Enel S.p.A. expects to mobilize €210 billion ($235 billion) between 2021 and 2030 to accelerate the achievement of the Group’s electrification and decarbonization goals. By 2030, the Enel Group expects to reach a total renewable capacity of around 154 GW, tripling its 2020 portfolio. At the end of 2021, Enel's total renewable capacity is expected to grow from 54 GW to 77 GW.
The company plans to directly invest around €160 billion through the ownership business model. Nearly half (around €70 billion) will be devoted to renewables. An additional investment of around €70 billion is planned to be deployed in infrastructure and networks, with a €10 billion increase compared to the previous plan, concentrated in Europe.