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Enel to spend 160 billion euros to become green 'super major'
Enel
“We plan to strengthen our position as a super major in the renewable sector,” CEO Francesco Starace said in a call with investors. Around 80% of production will be generated from green energy by 2030, up from 54% today, he said.
Starace said the U.S. market remained attractive for green energy investments as did Europe too while Asia and India would play “a big part” for growth further out.
The utility, which plans to expand its green hydrogen capacity to more than 2 GW by 2030 and phase out coal earlier than expected in 2027, has also earmarked around 46% of spending for its regulated network business.
Enel to spend 160 billion euros to become green 'super major'
Europe's biggest utility Enel will spend 160 billion euros ($190 billion) over the next 10 years to become a green "super major" and make the company carbon-free by 2050.
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