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Tag: Enel S.p.A.

Italy’s Enel Plans to Boost Investments, Cut Costs as Part of 2024-26 Strategy
22Nov By adminNo Comments
World

Italy’s Enel Plans to Boost Investments, Cut Costs as Part of 2024-26 Strategy

Updated Nov. 22, 2023 2:58 am ETEnel plans to boost investments in grids and refocus its renewables strategy while boosting cash generation and cutting costs as part of its plan for the 2024-26 period.The Rome-based energy company said it aims to focus on its regulated businesses, improving grids’ resiliency and digitalization, and on higher-margin renewables investments, specifically in onshore wind, solar and battery storage.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Enel Raises Guidance After Surge in Profit
7Nov By adminNo Comments
World

Enel Raises Guidance After Surge in Profit

Enel upgraded its guidance for the year after profit more than doubled in the first nine months.The Rome-based energy company on Tuesday reported a net profit of €4.25 billion ($4.56 billion), up from €1.76 billion in the first nine months of last year. On an adjusted basis, net profit—or net ordinary income—climbed 65% to €5.03 billion.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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