Enel Jumps on €53 Billion Investment Plan for Europe and US

MarketsGiftGiftGift this articleAdd us on GoogleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowGiftBy Alberto BrambillaFebruary 23, 2026 at 12:33 PM GMT+5:30Updated on February 23, 2026 at 3:47 PM GMT+5:30BookmarkSaveTranslateEnel SpA rose the most in almost four years in Milan trading after announcing a fresh wave of investment focused on Europe and the US.Italy’s largest utility will spend about €53 billion ($62.6 billion) through 2028, about €10 billion more than previously planned, it said Monday. About half the total will be in power generation and sales — mostly in renewables — with the remainder allocated to grids.Before it's here, it's on the Bloomberg TerminalBloomberg Terminal LEARN MOREMore From BloombergEnel to Shift Investments Toward US, Europe in New Business PlanTop European Military Powers to Work on Low-Cost Air DefenseUS Envoy Warns ‘Made In Europe’ Plan Will Damage Allied DefenseFrance on Edge After Activist Dies From Fight at Political EventPortugal Appoints Ex-Police Chief Neves as Interior MinisterTop ReadsThe Dance Floor Is Disappearing In a Sea of Phonesby Tiffany ApSix Key Trends That Are Remaking the Global Mapby Hal BrandsTrump Charts New Trade Path After Supreme Court Blocks Key Tariff Hammerby Shawn Donnan and Laura CurtisHow Private Equity Debt Left a Leading VPN Open to Chinese Hackersby Jordan Robertson and Paula Seligson