Finance
Enel plans 53 billion euro investments by 2028 with focus on Europe, US
Published by Global Banking & Finance Review®
Posted on February 23, 2026
1 min readLast updated: February 23, 2026
Quick Summary
Enel will raise investments to about €53bn for 2026–2028 and launch a €1bn share buyback from Feb 23 to July 31, 2026. Spending is set to target grids and renewables.
By Francesca Landini
MILAN, Feb 23 (Reuters) - Italy's biggest utility Enel said on Monday it would increase its capital expenditure in the next three years, shifting its focus onto renewables mainly in Europe and the United States.
The state-controlled group will invest around 53 billion euros ($63 billion) in the 2026-2028 period, half of which will be dedicated to power grids and roughly 38% to renewables, it said in a statement.
Under its previous three-year strategy, Enel had planned capital expenditures worth 43 billion euros, 60% dedicated to the regulated business of grids and 28% to green energy projects.
"The group foresees a sharp acceleration of investments in renewables, reaching around 20 billion euros, with a focus in the geographies characterized by significant growth in electricity demand," Enel said.
On Saturday the group announced a new share buyback programme worth 1 billion euros to be executed by the end of July.
Earnings per share will increase to 0.80-0.82 euros in 2028 from 0.69 euros expected in 2025. The dividend per share is expected to grow by 6% on average each year from 0.49 euros in 2025.
($1 = 0.8454 euros)
(Reporting by Francesca Landini, editing by Gavin Jones)
Key Takeaways
- •Enel plans around €53bn of investments for 2026–2028, a €10bn increase.
- •A new €1bn share buyback will run from Feb 23 to July 31, 2026.
- •Spending is expected to prioritize grids and renewable energy projects.
- •Enel, Italy’s largest utility, is updating its multi‑year strategy.
- •The plan underscores stronger capex and shareholder returns.
Frequently Asked Questions about Enel plans 53 billion euro investments by 2028 with focus on Europe, US
1What is the main topic?
Enel is increasing its 2026–2028 investment plan to about €53bn and launching a €1bn share buyback, signaling stronger capex and shareholder returns.
2How much is Enel investing and over what period?
The company targets roughly €53bn in total investments across the 2026–2028 period, up by €10bn from the previous plan.
3When does the share buyback run?
Enel’s new buyback is up to €1bn and is scheduled from February 23 to July 31, 2026.
