Enel is investing in decarbonisation
Enel brings forward net-zero target to 2040
Group accelerates investment in renewables capacity and networks as it looks to electrify new sectors
Italian utility Enel has brought forward its net-zero commitment from 2050 to 2040 as it seeks to accelerate the pace of its transition to low-carbon technologies. The group will now invest €170bn ($190bn) between 2021 and 2030, up from €160bn under its previous plan, CEO Francesco Starace announced at the firm’s capital markets day. “We will continue to grow in renewables, leveraging on what is already the world’s leading private renewable asset base,” he said. The firm expects to have 154GW of renewables capacity by 2030, more than triple its 2020 capacity of 49GW. 154GW – Enel’s targeted renewables capacity by 2030 Of the €170bn investment planned, €160bn will go on assets directl
Also in this section
3 September 2025
Binding CO₂ injection targets for oil and gas firms are ill-defined and very unrealistic, oil major tells London CCS summit
2 September 2025
Policymakers acknowledge crucial role for direct air capture and other removal technologies in meeting climate goals
26 August 2025
Merchant storage project off western Norway takes first CO₂ shipment, but government warns of significant cost challenges ahead for CCS
14 August 2025
Innovation is moving at pace in the direct air capture sector, but will costs fall quickly enough to make it a mainstay of the voluntary carbon market?
