The energy transition drives investments by utilities in Italy, which, according to Agici, amounted to 17.1 billion in 2023. This is what emerges from the Agici-Accenture 'Utilities Report 2024', created in collaboration with Intesa Sanpaolo and presented today at Milan during the 'Cfo Utilities Conference'.
Compared to 2022, investments grew by 17% for multi-utilities, 20% for energy groups and 16% for network operators.
A trend destined to continue, given that by 2030 investments in Italy will exceed 74 billion euros and in Europe they will be equal to approximately 337 billion.
Renewable energy will absorb around 200 billion in Europe in a context in which revenues have fallen but profits have risen.
The former fell from 108.9 to 92.5 billion in Italy and from 839.9 to 779 billion in Europe due to lower consumption and lower prices, while the latter rose by 13% to 4.7 billion in 2023 in Italy and by 212% to 51.5 billion in Europe.
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