On the 140th anniversary of its founding, Edison, Europe's oldest energy operator, looks ahead and reveals its development strategy through 2030. CEO Nicola Monti announced a 10-billion-euro investment plan, 85% of which is aligned with the United Nations Organization's Sustainable Development Goals (SDGs). The Group plans to double its EBITDA to between 2 and 2.2 billion euros by 2030, up from 1.1 billion euros in 2022. This objective will be reached as a result of a substantial change in the industrial portfolio, which will result in zero or near-zero direct issuance activities representing 70% of EBITDA, compared to the average of 35% over the past three years. This evolution will be funded by operating cash flows and loans with investment grade ratings. Renewable electricity generation will account for more than 45% of the group's profitability by 2030, according to the portfolio of activities. About half of the 10 billion euros in planned investments will be allocated to the development of renewable sources, 1 billion euros to flexibility systems, and 2.5 billion euros to energy services for the decarbonization of consumption. The remaining 1 to 2 billion euros will be allocated to gas activities and customer portfolio growth.
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