Enel SpA (BIT:ENEL)  said on November 22, 2022, that it plans to sell its Romanian assets in 2023 and focus its activities in Europe around Italy and Spain. The decision is part of the group's long-term streamlining strategy, it said in its strategic plan for the 2023-2025 period published on its website. In Latin America, the group plans to exit Peru and Argentina.

In 2022, the deployment of the group's simplification strategy accelerated significantly, with the sale of Enel Russia and of the Fortaleza CCGT plant in Brazil and the expected sale of transmission assets in Chile, of the distribution grids in Goiás, as well as with the Gridspertise deal, Enel said. Also, by the end of 2022, the group is planning to crystallize the value of its gas portfolio in Chile. "Following the aforementioned acceleration, in 2023-2025 the group foresees a further streamlining of its structure, by exiting some businesses and geographies no longer aligned with its strategy.

The group also expects to continue to leverage on its Stewardship model in non-core countries," Enel said. "In addition, and in line with the aim to exit carbon-intensive activities, the group plans to leverage on the current market environment to initiate the exit from gas assets. This overall divestment programme is an integral component of the plan to reshape the group, maximizing shareholder value." By 2025, the group expects to manage a total of around 75 GW of renewable capacity, including 4 GW of battery energy storage systems, approximately 75% of total generation, with emission-free production reaching around 83%.