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Enel announces $63bn investment plan focused on Europe and US
Yahoo Finance· 2026-02-24 09:30
Investment Plans - Enel has announced plans to invest €53bn ($63bn) between 2026 and 2028, marking a €10bn increase from its previous three-year plan [1] - Half of the capital expenditure will be allocated to power grid infrastructure, while approximately 38% will be directed towards renewable energy projects [1] Earnings and Shareholder Returns - The management expects earnings per share (EPS) to increase from an anticipated €0.69 in 2025 to between €0.80 and €0.82 by 2028 [2] - Enel plans to raise its dividend by an average of 6% per year through 2028 [2] - A share buyback programme worth up to €1bn has been approved, set for execution by July, following earlier authorization for up to €3.5bn [2] Geographic Focus and Strategic Vision - The majority of new grid investments will occur in Italy, with additional allocations planned for Iberia and Latin America [3] - Enel Group CEO Flavio Cattaneo emphasized the ambitious strategic plan aimed at accelerating growth through increased greenfield and brownfield investments [3][4]