Executive summary: the strategy’s main themes
The next decade is set to be characterized by the growing role of renewable energy and digital networks, the use of platforms and the gradual electrification of consumption. These are all opportunities that the Enel Group will seize as it focuses its strategy on the acceleration of the energy transition, on digital platforms that boost traditional business models and enable new ones, generating sustainable growth and creating value for all: customers, society, the environment and shareholders.
The coming decades will see a revolution in the world of energy that will require unprecedented global investment. Enel, thanks to its leadership in the sector, is perfectly positioned to harness the value deriving from the acceleration of the energy transition, mobilizing its own investments and those of third parties for a total of 190 billion euros over the next 10 years.
More than 150 billion euros will be invested directly by the Group through its traditional Ownership business model, plus around 10 billion euros through the Stewardship business model with which the Group will also catalyze investments made by third parties via joint ventures and partnerships in renewables, fiber optics, electric transport and flexibility services. Therefore, a further 30 billion euros will be mobilized from third parties.
Renewables, energy storage and green hydrogen
For 2030 the Group expects to have tripled its capacity from renewable sources, reaching around 145 GW of installed capacity (the equivalent of a global market share of over 4%), from the current figure of around 49 GW (a 2.5% market share). This will be possible thanks to the mobilization of around 85 billion euros during this period.
A further 5 billion euros will be invested in the hybridization of renewable sources and energy storage, the potential of which is estimated to reach approximately 20 TWh in 2030.
Significant opportunities will also emerge in the field of green hydrogen through the integration of electrolyzers at renewable plants, with the goal of exceeding 2,000 MW of capacity in 2030.
Thanks to its commitment to decarbonization, at the end of the decade the Group will have reduced direct emissions of CO2 by 80% compared with 2017 levels, a goal certified in the SBTi (Science-Based Targets initiative) in line with the current 1.5 °C scenario (today’s most challenging goal).
Infrastructure and networks: towards 90 million end users
As far as the planned investments in the Ownership business model are concerned, about 46% will be allocated to the Infrastructure and Networks business, and this will strengthen the Group’s position as a world leader in terms of size, digitalization, quality and network resilience. At the end of 2030, the Group is expected to reach about 90 million end users (today there are 74 million), all equipped with smart meters (compared with 60% today).
Increasing customer value in the B2C, B2B e B2G segments
Ordinary EBITDA (€bn)
Net ordinary income (€bn)
Guaranteed DPS (€/share)