Feb 24 • 06:14 UTC 🇮🇹 Italy Il Giornale

Enel invests 53 billion and raises dividends

Enel's CEO Flavio Cattaneo has unveiled a new industrial plan for 2028 focused on growth and investment, allocating 53 billion euros while also raising dividends.

Enel, under the leadership of Flavio Cattaneo, is embarking on a significant new chapter with the introduction of its industrial plan for 2028. This follows the first phase from 2023 to 2026, which prioritized debt reduction. The new plan emphasizes growth and development, despite adjustments from Italy's Energy Decree, and has been bolstered by improved financial flexibility. Cattaneo highlighted that the future of the company lies in international markets rather than solely in Italy.

The industrial plan outlines 53 billion euros in investments through 2028, focusing heavily on enhancing networks and renewable energy solutions. A key aspect of this strategy includes addressing the rising energy demands from data centers while incorporating advanced technologies like artificial intelligence in energy solutions. The announcement was well-received, resulting in a notable share price increase of 6.8% to 9.70 euros.

Enel's strategy is structured around three primary pillars: accelerating growth in countries with favorable economic conditions, investing in renewables and advanced technologies, and enhancing financial returns for stakeholders. With these plans, Enel aims to solidify its position in the international energy market and respond to the evolving energy landscape.

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