Strong investments ahead. Enel is ramping up its investment strategy with a commitment of €43 billion through its 2025-2027 Strategic Plan.
- Seventy-five per cent of this will be directed to Europe, while the remaining 25% will be allocated to Latin America and North America.
- Cattaneo is currently in Brazil for the G20 summit, following a year of strengthening institutional ties and engaging in economic diplomacy.
Key partnerships in South America. During his time in Rio de Janeiro, Cattaneo has arranged meetings with Brazilian President Lula da Silva, Argentine President Javier Milei, and Chilean President Gabriel Boric, signalling the company’s strong focus on South America.
- Cattaneo also emphasised Enel’s role as a strategic bridge between Italy, Brazil, and other emerging economies like Argentina, a role reinforced at the G7 summit in Puglia, where Enel played a central role in Italy’s economic diplomacy.
Infrastructure at the forefront. Cattaneo’s discussions with President Lula and Prime Minister Giorgia Meloni ahead of the G20 highlighted the importance of infrastructure development in Brazil, particularly in São Paulo, aligning with Enel’s broader goals.
- The strategic plan includes €26 billion for electricity distribution infrastructure, a 40% increase from the previous plan.
- Seventy-eight per cent of this will be invested in Italy and Spain, while the remaining 22% will go to Latin America, amounting to nearly €6 billion.
Renewables and green investment. The strategic plan also allocates €12 billion towards renewable energy, adding 12 GW of capacity.
- Of this, 65% will be invested in Europe, with 34% in Italy and 31% in Iberia, while the remaining 35% will go to Latin America and North America.
Growth on the horizon. By 2027, Enel expects to exceed €70 billion in total ordinary EBITDA.
- This will be driven by significant investments in power purchase agreements (PPAs) in both Latin America and North America.
- The projected ordinary EBITDA will rise to between €24.1 billion and €24.5 billion, with net income expected to reach €7.1 billion to €7.5 billion.
A new phase. Enel has already met its previous targets and is poised for a new growth phase, fuelled by successful divestments and reduced debt.
- “Between 2025 and 2027, we will focus on core activities and a flexible capital allocation, increasing investments mainly in regulated assets with predictable returns, which will support the acceleration of the energy transition,” said Cattaneo.
- “We will continue to enhance efficiency and profitability, including through new business opportunities,” he added.
