Renewables-focused Italian energy group Enel recorded an increase in net income in the past year as it eyes new acquisitions in the upcoming period.

Enel reported a 17% boost to its profit in the past 12 months to €2.6bn ($2.8bn) compared to €2.2bn year-on-year.

As a result, Enel plans to achieve “additional progress in active portfolio management, which in the first half of 2017 envisages acquisitions totaling €1.2bn