Enel’s Strategic Plan

Company News    Nov 25, 2021 5:39 PM

The Enel Group announced its (global) 2030 strategic plans, which will set the tone for the company in the midst of economic recovery and in pursuit of decarbonization.

The company set out its strategic actions through 2030 in four main axes, Valora Analitik reported.

First, the allocation of capital to support the supply of decarbonized electricity. The firm expects to invest €210B between 2021 and 2030.

The company expects to reach a total renewable capacity of around 154GW by 2030, tripling its 2020 portfolio.

Second, the company plans to enable the electrification of customers’ energy demand. The Group’s strategic actions will aim to increase customer value in the Business to Consumer (B2C), Business to Business (B2B) and Business to Government (B2G) segments by increasing the level of electrification of those customers.

Third, Enel expects to leverage the value creation of its productive processes. To reinforce its customer strategy, the Group is creating a Global Customers business line, which will be responsible for defining commercial strategy and driving capital allocation toward customer needs, leveraging electrification and achieving service excellence.

The fourth axis will be to advance the sustainability of the zero network.

The Group’s strategy and its planned positioning for 2030 allow it to bring forward its Net Zero commitment by ten years, from 2050 to 2040, for both direct and indirect emissions.

The Enel Group plans to abandon coal-fired generation by 2027 and gas-fired generation by 2040, replacing its thermal fleet with new renewable capacity and leveraging the hybridization of renewables with storage solutions.

In addition, the company expects that all electricity sold will come from renewable sources by 2040 and, by the same year, the Group will abandon its gas sales business.

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