Enel boosts Spanish power grid spending to five billion euros amid network stability debate

Endesa will increase its grid investment in Spain to five billion euros under a new plan from parent company Enel. The move follows recent network outages.

Insights:
Enel, the energy group based in Italy ITIT, has unveiled a $63 billion investment plan that designates approximately €26 billion for power grids through 2028. Within this global framework, the company has earmarked roughly €5.5 billion for its operations in Spain ESES, which will be executed through its subsidiary Endesa, S.A. . This strategic move signals a significant expansion in infrastructure commitment for the region.
Electric power transmission pylon miniatures and the Enel logo are shown in this illustration taken on December 9, 2022. REUTERS/Dado Ruvic/Illustration
Electric power transmission pylon miniatures and the Enel logo are shown in this illustration taken on December 9, 2022. REUTERS/Dado Ruvic/Illustration
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