MILAN (Reuters) – Italian energy group Enel said on Monday it will increase its minimum dividend for the 2025-2027 period to 0.46 euros per share, from 0.43 euros previously.
In its updated plan, the state-controlled group announced plans to invest around €43 billion over the next three years, €7 billion more than previously envisaged in the strategy. 2024-2026.
“Between 2025 and 2027, we will focus on our core activities and flexible capital allocation, increasing investments primarily in regulated assets with predictable returns that will also support the acceleration of the energy transition,” said in a statement. communicated the general director, Flavio Cattaneo.
The group’s investment spending on electricity networks will increase by around 40% compared to the previous plan to reach 26 billion euros. Furthermore, investments in renewable projects will amount to 12 billion euros, almost stable compared to the 2024-2026 strategy, while 2.7 billion euros will also be devoted to customers.
This year, Enel plans to complete its asset disposal plan begun at the end of 2022, reducing its debt to around 2.4 times its core earnings, below the industry average.
In addition, the Italian group plans to achieve all its objectives for 2024, in particular thanks to the good results of its renewable division.
(Reporting Francesca Landini in Milan and Nilutpal Timsina in Bangalore; Etienne Breban; edited by Augustin Turpin)
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