Our vision to 2030
In November 2021, Iren launched its most ambitious project to date, a ten-year Business Plan that aims to design a sustainable future for its territories for the benefit of every community. In November 2025, Iren updated its Business Plan, increasing its strategic focus and reviewing its capital allocation in order to ensure careful financial discipline.
The business plan for 2030 envisages investments of €6.4 billion and is integrated into a transition plan for 2040, which sees Iren committed to a concrete and measurable long-term path, in line with the European Sustainable Development Goals. The ESG commitments and targets are developed in accordance with the guidelines of ecological transition and the centrality of communities and people, and are divided into five focus areas: decarbonisation, circular economy, water resources, resilient cities and people. For each performance indicator identified, Iren has set quantitative improvement targets for 2028, 2030 and 2040, outlining a clear and monitorable path over time. In order to achieve these objectives, the commitment in terms of investment has been assessed and technological developments such as CO2 capture have also been hypothesised.
Our integrated strategy
Strongly integrated with the sustainability strategy, Iren's industrial strategy is developed according to the guidelines of the green transition, the centrality of communities and people and is divided into five focus areas: decarbonisation, circular economy, water resources, resilient cities and people.
Strategic pillars
Green Transition, Value creation from territories and Service Quality guide the action of Iren S.p.A.'s Business Plan. The three strategic pillars point the way to meeting the needs of citizens and territories, maximising the commitment to offering the highest quality standards while reducing environmental impacts.
Sector trends
Iren's growth strategy is consistent with the main sector macro-trends, for each of which concrete actions are in fact planned to achieve European and national objectives. The preservation of natural resources, circular economy, energy transition, and decarbonization of energy generation sources are the basis of all investment projects identified by Iren in the 2030 Business Plan.
6.4 Bn €
investments to 2030
Action Plan
A €6.4 billion investment plan over five years, 40% of which will support the development of all the Group's business lines, based on projects with low execution risk, high predictability of results and significant investment in sustainable projects/activities.
+330 mln €
in EBITDA (vs 2024)
Eco-fin and ESG targets
Iren aims for a sharp increase in EBITDA, reaching €1.6 billion in 2030, with an annual growth rate of 4% and a solid financial profile.
8%
Annual growth
until 2028
Dividend Policy
The new dividend policy envisages until 2027 a dividend equal to the maximum value between an annual increase of 8% and a pay-out of 60% of ordinary Group net income. For subsequent years equal to a 60% pay-out.
Risk Profile
The risk assessment mode is integrated, cross-cutting, dynamic and enhances the management systems already in place in individual business processes, starting with those related to fraud prevention, corruption, health, quality and environmental safety.