Enel plans to increase investments, boost cash generation and carry out cost reductions as part of its strategic plan for the 2024-26 period.

The Rome-based energy company said Wednesday that it plans for total gross capital expenditure of around 35.8 billion euros ($39.07 billion), with approximately EUR18.6 billion allocated toward grids and around EUR12.1 billion toward renewables. Net capex is expected to amount to around EUR26.2 billion.