Energy Transition in our strategy

As part of Energy Transition, the Group will support electrification of consumption by investing in robust and efficient networks, developing new plants to produce clean energy at competitive costs for businesses and customers. 

Planned investments in the power distribution infrastructure will drive the growth of the electricity networks RAB to 3.4 billion euros in 2035, overtaking the gas RAB well before the historical perimeter. This target will also be achieved thanks to the acquisition of assets in Milan and Brescia, to be completed within 2024, which will drive industrial growth and enable operational synergies with the power grid already under management. In line with the Group's future-fit growth guidelines, lower investments are planned for the gas network.

The Group confirms its ambitious growth targets in renewables, with the goal of developing 3.1 GW of additional RES capacity, contributing to a total of 5.7 GW installed by 2035. Construction sites already identified and/or under development, amounting to roughly 0.4 GW, and organic development projects pending authorisation contribute 42% to the target, on top of M&As and organic projects still to be implemented.

To integrate the new RES in the system, we will develop +0.7​ GW storage @2035​

The goal of expanding the customer base to reach more than 5 million customers by 2035 will be achieved through 800k yearly acquisitions in the 2025-35 period, a target which is definitely withing the Group’s reach considering the successful acquisition track record of 2024.

Growth will be mainly driven by power customers, with the goal to triple the electric customer base by 2035 compared to 2020, following the electrification of consumption. Such goals will be reached though the development of physical channels, with more than 120 new shops opened in Italy by 2030, and the Group’s innovative offerings, such as the “Noi2” and “NeN Dieci” Mass Market PPAs which aim to foster customer loyalty in the long-term by sharing the benefits of the renewable energy supplied by the Group’s.