Enel has set $39.05 billion in capex for the next three years with 'selective investment' in renewable energy generation. : Global electricity giant Enel SPA has set EUR 35.8 billion ($39.05 billion) in capital expenditure for the next three years with “selective investment” in renewable energy generation. The Italian company expects renewable power to grow but sees a need to expand storage infrastructure to support the growth. The 2024–26 capex includes EUR 18.6 billion ($20.28 billion) for grid upgrading and expansion and EUR 12.1 billion ($13.2 billion) for renewables.