Finance
Italy’s Enel to invest over $45 billion by 2027
Global Banking and Finance Review
Company
(Reuters) – Italy’s Enel plans to invest 43 billion euros ($45.30 billion) in the next three years, of which 26 billion euros will be allocated for power grids and the remainder for
(Reuters) – Italy’s Enel plans to invest 43 billion euros ($45.30 billion) in the next three years, of which 26 billion euros will be allocated for power grids and the remainder for renewable projects, the utility said on Monday.
In its previous 2024-2026 business plan presented last year, the state-controlled group said its investments would total 35.8 billion euros including grants.
Enel pledged to increase investor reward, setting a fixed minimum dividend at 0.46 euros per share from 0.43 euros indicated previously.
($1 = 0.9491 euros)
(Reporting by Francesca Landini in Milan and Nilutpal Timsina in Bengaluru; Editing by Abinaya Vijayaraghavan)
Renewable energy is energy derived from natural processes that are replenished constantly, such as solar, wind, and hydroelectric power. It is considered more sustainable compared to fossil fuels.
A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. Dividends can be paid in cash or additional shares.
Power grids are interconnected networks that deliver electricity from producers to consumers. They include generation stations, transmission lines, and distribution systems.
An investment is an asset or item acquired with the goal of generating income or appreciation. Investments can include stocks, bonds, real estate, and other financial instruments.
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