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
12 March 2026
Role of world’s largest carbon cap-and-trade market under scrutiny as war in Iran threatens to drive EU energy costs to unsustainable levels
10 March 2026
Europe urgently needs to bring more projects to FID, as CCS investors warn they might divert capital to faster-growing regions
9 January 2026
A shift in perspective is needed on the carbon challenge, the success of which will determine the speed and extent of emissions cuts and how industries adapt to the new environment
2 January 2026
This year may be a defining one for carbon capture, utilisation and storage in the US, despite the institutional uncertainty
