Endesa increases power grid investment to 5.5 billion euros in new three year strategy
The Spanish utility will spend 5.5 billion euros on network upgrades through 2028 while scaling back renewables. This shift follows a major regional blackout.
Insights:
Endesa, S.A. has announced a €10.6 billion three-year investment plan that directs more than half of its capital to building and upgrading power networks while cutting planned spending on renewables. This strategic reallocation, which includes reduced investment in power storage and wind projects, shifts the company’s capital mix and has led to an update in its financial guidance. The total capital envelope represents an approximate 10% increase compared to the company’s previous three-year strategy.
