Enel said it would increase the carbon - free part of its power operations to 62 % from the current 48 % by 2021 , and would spend 42 % of resources on renewable energy . Of that spending , 4 % would be directed to the firm ’s energy - solutions division Enel X. Total renewables spending would be € 10.6bn ( $ 12bn ) and be aimed at generating € GW of capacity . The company also said it was cutting its spending on thermal capacity , which it would reduce to 7 GW . Elsewhere in the three - year plan Enel said it would invest almost 50 million smart meters and spend € ##500 on digitisation .
Enel said it would increase the carbon-free part of its power operations to 62% from the current 48% by 2021, and would spend 42% of resources on renewable energy. Of that spending, 4% would be directed to the firm’s e-solutions division Enel X. Total renewables spending would be €10.6bn ($12bn) and be aimed at adding 11.6 GW of capacity. The company also said it was cutting its spending on thermal capacity, which it would reduce to 7 GW. Elsewhere in the three-year plan Enel said it would install almost 50 million smart meters and spend €5.4bn on digitisation.