Italian utility Enel targets US green energy assets and boosts shareholder returns
Enel plans to invest 53 billion euros through 2028 and boost dividends by 6% annually. The utility is targeting US renewable assets to drive future growth.
Insights:
Enel S.p.A. announced a new corporate strategy on February 23, 2026, which centers on a €53 billion capital expenditure program for the 2026-2028 period. The plan, presented by Flavio Cattaneo, includes a commitment to increase the dividend per share by an average of 6% annually through 2028. This strategy marks a significant shift in capital allocation, with a greater portion of the budget dedicated to the development of grids and renewables.
A key component of the new strategy involves the pursuit of brownfield renewable acquisitions in the US 
US. By targeting established assets, the company aims to refine its geographic footprint and asset mix. This focus on infrastructure and clean energy expansion also encompasses operations in Chile 
CL, as the firm reassigns capital to meet its long-term industrial goals while prioritizing the modernization of power grids.
US. By targeting established assets, the company aims to refine its geographic footprint and asset mix. This focus on infrastructure and clean energy expansion also encompasses operations in Chile CL, as the firm reassigns capital to meet its long-term industrial goals while prioritizing the modernization of power grids.
