. . Europe's largest energy company, Enel, will spend 160 billion euros over the next 10 years and mobilize even more as it steps up its plans to clean up its business and create a carbon-free company by 2050. The group announced that it would spend 70 billion euros on renewable energy by 2030 to almost triple its capacity to 120 gigawatts, thereby helping to cut CO2 emissions by 80%. The tidy core earnings are expected to grow 5 to 6% annually through 2023, while net debt is set to climb to 57 to 58 billion euros to fund growth.