Enel is planning to cut renewable investments (from €17 bln to €12.1bln), spend more on grids and pledged more fiscal discipline, under the new management. Italy will account for 49% of investments. Enel’s debt was €69 bln at the end of 2022 and should be cut by €11.5 bln by the end of 2024. The group will exit Argentina, Peru and Romania.