At the national and European level, the 2020-2030 decade will be characterised by the ecological transition that combines the progressive decarbonisation of all activities with the strengthening of the circular economy and the sustainable use of natural resources, as well as attention to the needs of people and territories. Such trends can only prove to be a tremendous opportunity for multi-utilities, which can in this way actively lead the process of ecological transition, becoming partners of choice for local stakeholders.

Iren's strategic vision is also reinforced by the new geopolitical, regulatory and macroeconomic scenario. The energy crisis and the disruption of logistics supply chains, the acceleration in the electrification of consumption, the increase in energy efficiency requirements for buildings, the capability to execute Repower EU funded investments and the increase in interest rates, in order to counterbalance higher inflation, find direct responses in Iren's strategy, based on the increase in renewables and material recovery capacity, infrastructure development, new consumption models and the integration of services, the share with the territories our capability to execute development investments and the strengthened positioning in regulated businesses.

Sources: MiTE “Energia elettrica rinnovabile verso l’obiettivo EU del -55%”; ISPRA; Eurostat; Osservatorio sui Conti Pubblici Italiani (June 2021)