Italian utility group Enel SpA (<a href="https://live.euronext.com/en/product/equities/IT0003128367-MTAA" target="_blank">BIT:ENEL</a>) plans to pour EUR 38 billion (USD 40.05bn) into its grid and renewables businesses but will stick to a selective cash allocation approach as it aims to further boost its profitability and lower risk in 2025-2027.