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 11.6 gigawatts and spend €5.4bn 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.