Italian ENEL expects to invest 5 billion euros in Brazil in next 3 years

In its long-term strategic plan announced on Wednesday (24), Enel brought forward by ten years, to 2040, the goal of zero net carbon emissions, and further announced the exit of coal segments by 2027 and natural gas by 2040.

RIO DE JANEIRO, BRAZIL - ENEL, an Italian multinational manufacturer and distributor of electricity and gas, maintained at €5 (R$31.3) billion its investment forecast in Brazil for the next three years. For the company, the worst of the water crisis in the country has already passed and the solution to avoid new problems is the expansion of solar and wind sources.

In its long-term strategic plan announced on Wednesday (24), Enel brought forward by ten years, to 2040, the goal of zero net carbon emissions, and further announced the exit of coal segments by 2027 and natural gas . . .

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