Enel Green Power SpA (EGPW.MI), one of the world's biggest renewables companies, said Friday it plans to invest EUR6.1 billion under its new 2012-2016 business plan.

In a slide presentation, the company said its dividend policy under the new plan will include a 30% payout of profits.

Enel Green Power, controlled by Italy's biggest utility Enel SpA (ENEL.MI), forecasts earnings before interest, taxes, depreciation and amortization, or Ebitda, at about EUR1.7 billion in 2012.

Ebitda is seen growing to EUR2.2 billion in 2014 and to EUR2.6 billion in 2016.

The company expects to raise its installed capacity by 4.5 gigawatts over the 2012-2016 period.

-By Giada Zampano, Dow Jones Newswires; +39 06 69766920; giada.zampano@dowjones.com

Enel (BIT:ENEL)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Enel Charts.
Enel (BIT:ENEL)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Enel Charts.