Related Articles
Enel is investing in decarbonisation
Forward article link
Share PDF with colleagues

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 asset



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
UK’s Britishvolt secures funding for EV battery gigaplant
24 January 2022
Plant designed to produce 300,000 lithium-ion EV battery packs a year, with startup schedule for late 2023 or early 2024
Shell targets new hydrogen and CCS projects in 2022
21 January 2022
Oil major must be a pace setter in energy transition with a bolder strategy, CEO Ben van Beurden says
New York’s first offshore windfarm to begin construction
21 January 2022
Orsted and Eversource project secures final regulatory approval from Boem following environmental review
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video