Enel to Invest 36 Billion Euros in 2024-2026, Adopt More Selective Approach to Renewables
Feb 14,2024 | DAXTROMNSOLAR
Italian power utility Enel announced plans to invest 36 billion euros ($42.78 billion) between 2024 and 2026. The company aims to be more selective in its renewable energy investments, focusing on projects that offer higher profitability and growth potential. Enel's decision comes as the energy sector faces increasing pressure to transition away from fossil fuels and towards cleaner sources of power.
This strategic shift will allow Enel to prioritize investments in solar and wind projects that promise higher returns. The company plans to leverage technologies, such as advanced digital solutions and artificial intelligence, to enhance the performance and efficiency of its renewable energy assets. By adopting a more targeted approach, Enel aims to maximize both environmental and financial benefits.
Enel's move underscores the growing importance of sustainable energy in the global transition towards carbon neutrality. The company recognizes the need to balance profitability with environmental concerns, and their increased strategic focus on profitable renewables is a step in the right direction.
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