Vision 2030: a decade of opportunities

Published on Wednesday, 25 November 2020

In a decade of profound transformation, characterized by the growing role of renewables, electrification and digitalization, our broad and long-term strategic vision is focused on accelerating the energy transition and on new operational systems and business facilitated by platforms to create shared and sustainable value for all stakeholders. This was the main new feature introduced at Capital Markets Day 2020, which saw the presentation of the 2021-2023 Strategic Plan with a vision towards 2030.

This year our Group has confirmed its leadership in renewables, boasting around 49GW of total capacity at global level. Not only that, it is recognized as the private operator with the largest retail client base, consisting of more than 70 million customers worldwide.

Between now and 2030 we will consolidate this leadership by mobilizing investments worth 190 billion euro based on two specific approaches: more than 150 billion euro through the traditional system of ownership, and around 10 billion through the stewardship model, through which we offer services, products and know-how through platforms that mobilize third parties’ investments for a further 30 billion euro, with the aim of maximizing the creation of value.

Overall around 70 billion euro will be allocated to generation from renewables, making it possible to almost triple the installed capacity compared with today, bringing this to almost 120 GW in 2030. New opportunities will arrive also from the segment of green hydrogen, in which we plan to integrate electrolysers into renewable plants that produce electricity for direct sale or for dispatching services, with the aim of increasing this capacity to more than 2GW by the end of the decade.

Almost half of total investments (46%) will then be assigned to infrastructure and networks to boost resilience and efficiency based on the digitization of systems managed on platforms. This will enable the systemization of distributed generation assets and will rationalize the demand from increasingly active customers.

 “With this new Strategic Plan we are pioneering a route for the next 10 years, mobilizing investments worth 190 billion euro in order to achieve our goals in a decade of opportunities,” commented our CEO and General Manager Francesco Starace.

In the coming three years we will invest around 14 billion euro in Italy and 90% of overall investments, on a consolidated basis, will be in line with the UN’s Sustainable Development Goals (SDGs).

We will continue the process of decarbonization, reducing direct emissions of CO2 by 80% compared with 2017 and we will contribute to the creation of more than 240 billion euro of GDP in countries in which we are present through local investments in generation and electrification. It’s a model of value creation shared with the communities in which we operate that takes into account the planet and the future. To 2030 and beyond.

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