Italian Energy Firm Edison Mulls EUR 5 Billion Investment in Renewables

Mar 22, 2023 11:28 AM ET
  • The objective of Edison is to raise its installed renewable capacity by the end of this decade to 6 GW.
  • It intends to ensure 40% of its energy mix to be of renewable energy by 2030.

The renewable resource firm of Italy-- Edison-- has actually revealed that it will be investing EUR 5 billion in the renewable energy market. The objective of Edison is to raise its installed renewable capacity by the end of this decade to 6 GW.

Edison is had by French renewable significant EDF as well as it has actually existing installed renewable energy capacity of 2 GW.

Marco Stangalino, Executive Vice President and also Power Asset Director, Edison, stated in a main statement, "By 2030 green energy will account for 40% of our power combine with a considerable push toward decarbonisation."

In the scheme of things prepared, the company is mulling to develop 1 GW of installed wind power as well as 2 GW of solar energy. It will additionally be establishing 1 GW of renewable resource resources to generate hydrogen and create energy storage space facilities.

Edison says that it is committed to growing in the renewables industry in order to provide Italian families and companies with an increasing number of lasting energy.

It has actually long been present in the hydroelectric market, with its very first plants dating back to the late 19th century. It's increasingly enhancing its presence in the wind field, where the target of Edison is to coming to be the Italy's leading operator.

In the wind and photovoltaic or pv sectors, Eidson operates via E2i Energie Speciali, a company formed by Edison as well as F2i in 2014, as well as the Castelnuovo Wind Farm.

Until now, the firm has actually installed 77 MW of solar energy in Italy and 922 MW of wind energy with a bank of 33 wind farms. The EDF had company additionally has 89 hydro nuclear power plant in Italy (of which 50 mini hydro) with an installed capacity of 1,132 MW.

Edison has established a goal to end up being the leading wind operator in Italy via the E2i Energie Speciali collaboration.

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