The Italian energy group Enel has unveiled its 2025-2027 Strategic Plan, planning to invest around €43bn into its grid networks and renewable projects between 2025 and 2027, of which about 75% will be invested in Europe and the remaining 25% in Latin and North America.

About €26bn (60% of the total investment) will be allocated on the improvement and expansion of its grids, of which 78% will be invested in Italy (over €16bn) and Spain (€4bn) and the remainder in Latin America (€6bn). Enel will also invest €12bn (28%) in renewables, seeking to increase its renewable energy production by 12 GW (of which about 70% should come from onshore wind, hydro and batteries) to reach 76 GW of renewable capacity by 2027; 65% of renewable investments will be directed to Europe and 35% to Latin and North America. The group will also invest €2.7bn in its customer segment, expecting to increase its free-market power customer base in Italy and Spain to over 19 million in 2027.

Enel also confirmed plans to close all of its remaining coal-fired power plants by 2027, and to reach zero emissions across all scopes by 2040.