Energy transition

Growth strategy
Strategic action
Eco-Fin

Our growth strategy

Our plan for the energy transition foresees investments amounting to around 11 billion euros, destined mainly to the development of renewables, flexibility and the electrification of consumption, with a 2030 EBITDA target of around 1.7 billion euros.

Contributing to the energy system of tomorrow with res growth, new flexibility and electrification of consumption

The infographic shows how A2A plants, leveraging the primary sources of the sun, water, wind and gas, manage to provide the system with about 9 TWh of renewable energy and 10 TWh of flexible energy, distributed through its electricity networks to five million customers.

Notes: (1) Includes electric energy production from utility-scale solar, wind and hydroelectric. Production from small-scale solar not included

11€B

Capex Cumulative

1.7€B

EBITDA @2030

Our strategic action

Accelerating RES growth

The over 2 billion euros already invested during the first two years of the Plan in the energy transition have enabled us to strengthen our position in the field of generation from renewable sources, consolidating a platform for subsequent greenfield development. By 2030, the Group’s ambitious Plan aims to build up a 5 GW portfolio encompassing hydroelectric, solar and wind power, and able to produce about 9 TWh of clean energy.

A2A renewable capacity¹ | GW – ITALY

The graph refers to the installed capacity of renewables, indicating a growth trend (in installed GW) with +0.45 GW in two years (2020-22) through M&A and +2.5 GW of capacity in 2030 principally as a result of organic growth: 2.1 (2020), 2.5 (2022F), 5.0 (2030).

Notes: (1) Includes solar, wind and hydroelectric plants. Includes M&A and greenfield

1.8GW

Solar capacity @2030

1.1GW

Wind capacity @2030

9TWh

Renewable energy produced @2030

Guaranteeing system flexibility

In order to guarantee the greater penetration of intermittent renewable sources, it will also be necessary to invest in the flexibility of the electricity system. To this end, we are going to develop a mix of solutions that will contribute to a 1.7 GW increase in new flexibility by 2030, thanks to a new hydrogen-enabled CCGT (winner of a Capacity Market auction), a new gas peaker (already authorised), electrochemical storage solutions and upgrades designed to enhance the flexibility of plants (two of which already completed).

New flexibility | GW – 2030

1.7 GW

Supporting the process of the electrification of consumption

We confirm our commitment to supporting the electrification of consumption, which will be enabled by means of investments in the upgrading and development of the A2A electricity network, with 16 new primary substations, the laying of 2,500 km of new networks and greater peak power managed.

Distribution networks RAB evolution | €B

The graph referring to the electrification of consumption process (electricity and gas networks) illustrates the following RAB results of electricity and gas networks from 2021 to 2030. Electricity networks: from €0.8bn (2021) to €1.9bn (2030). Gas networks: from €1.6bn (2021) to €1.8bn (2030).

Guiding our customers’ choices towards the energy transition

At a market level, we will expand our customer base by offering new VAS solutions, promoting e-mobility and the development of distributed generation, small-scale solar and Energy Communities.

Customer base evolution | M

The bar chart shows the customer base growth trend (in millions) for electricity and gas from 2022F to 2030: 3.0 (2022F), 4.5 (2026), 5.0 (2030).

~ 30TWh

Power volumes sold @2030

~ 3.4Bcm

Gas volumes sold @2030

~ 30%

Acquisitions through digital channels

Eco-Fin

Investments

Our plan for the energy transition foresees investments amounting to around 11 billion euros, mainly focused on RES, flexibility and the electrification of consumption, with a 2030 EBITDA target of around 1.7 billion euros.