A2A, 485 million invested in Milan in 2023 for the ecological transition

The group moves forward with 'green':an agreement with Enel, district heating and recovery

MILAN - In 2023, A2A generated value for the territory and its stakeholders amounting to 1,224 million, investing more than 485 million in the province's infrastructure:This is a record figure for the group, up 32% compared to the previous year.

CEO Renato Mazzoncini clarifies, today at the presentation of theeighth territorial sustainability report of the group at the Parenti theater:“The decarbonisation of Milan is at the center of our strategy for this area.In 2023 we have invested almost 500 million euros for make the infrastructure necessary for the ecological transition more efficient“.

THE AGREEMENT WITH ENEL

The CEO points out that supporting the electrification of consumption includes "the recent 1.2 billion agreement with Enel, the installation of the first waterproof underground electrical substation and the planned investments in electric mobility", in addition toexpansion of district heating.

Still, in the metropolitan city A2A recovers 100% of the municipal waste collected:by anticipating the European Union's objectives to 2035, through virtuous integrated management, "landfill disposal has been eliminated".

All the waste collected by Amsa, whose work over 95% of Milanese citizens declared themselves satisfied with, was transformed into new material (63%) or energy (37%).A partnership was also started with Fri-El Geo, a producer of geothermal energy the goal of increasing the use of renewable sources in district heating, a system that now serves the equivalent of 248,750 apartments, with a network of 390 km, avoiding more than 110 thousand CO2 emissions in 2023.To help further decarbonise the city, A2A also continues to develop energy from renewable sources and sustainable mobility.

Over the past year they have continued the works for the construction of the largest photovoltaic system on the roof in Italy, inaugurated last May at Rho Fiera.Also in the direction of investments in the network, there is also the agreement signed with E-distribuzione for the purchase of 90% of the share capital of a newly established corporate vehicle ("NewCo"), into which the electricity distribution activities will be transferred in some municipalities in the provinces of Milan and Brescia.

E-MOBILITY AND THE FIRST 'NEIGHBORHOOD CHARGING'

With regard to e-mobility, in 2023 A2A designed and launched the first "Neighbourhood Charging" with the installation of City Plug columns, without parking limits and up to 7 kW of power.Together with the Municipality, it is planned to install 4,000 charging points in the next 2 years, against 12 million investments in the period 2024-2025.

In 2023 it was also inaugurated in Milan the first underground and waterproof secondary electrical substation in Italy:“The innovative design reduces the occupied volume and allows greater flexibility in installation compared to traditional ones”, they explain from A2A.There is no lack of realization of new headquarters of A2A Torre Faro (144 meters high for a total of 28 floors) in conjunction with the 2026 Winter Olympics.The group calls it “an example of sustainable and efficient construction, which respects the standards of international LEED certification":an estimated 30% reduction in consumption and 35% saving in drinking water. The works began in January 2024 and the basement floors are expected to be completed by September.“Torre Faro is under construction.By December - CEO Renato Mazzoncini anticipated - we should already have six floors above ground, the objective for the end of 2025 is to have finished construction.We are running, the project has a timing:the building is extremely sustainable, as well as very beautiful."

BUTTONS:“WE ARE PUTTING 1.4 BILLION TO ENHANCE THE EX ENEL MILAN NETWORK”

Over the next 10 years, “in addition to the 1.2 billion euros already spent to acquire the network from Enel, we will invest 1.4 billion in its expansion alone”.Thus Renato Mazzoncini, CEO of the A2A group, interviewed by reporters today on the sidelines of the presentation of the eighth territorial budget of Milan.Operating investment numbers aside, on the expected economic return the CEO notes that "the network is regulated, this means that Arera remunerates all investments in a regulated manner, currently at 5.9%.".Mazzoncini is keen to point out that the Milan goal is one of those, at a national level, that will mark "the greatest need for strengthening in the coming years:in Milan, where a lot of people live in not too much space, the electrical density is five times higher than that of Rome, so the work on the networks is extremely important".

POCKET:“1.2 BILLION OF VALUE GENERATED BY A2A IN 2023”

“For the city, to which we are linked by a historical relationship, our mission is to continue investing in infrastructure and technological innovation" capable of making it "a virtuous example of growth and shared well-being in Italy and Europe", highlights Roberto Tasca, president of A2A.

Furthermore, “through the activities of Banco dell'Energia offers concrete support to families in difficulty in this area.Strengthened by the results and aware of the new challenges, we are determined to continue on this path."

Tasca adds:“In 2023, we generated and distributed an economic value of over 1.2 billion euros, confirming our commitment to the sustainable development of this area. Our activities translate into tangible benefits for local communities, contributing to improving the quality of life of citizens", points out the A2A president.

COUNT COUNCILOR:“STABILITY DIVIDEND A2A MAKES US INVEST”

“We share long-term objectives with A2A, linked to the ecological and environmental transition. Our actions are strategic and complementary, at the same time.On the one hand there is our Air and Climate plan, which sets very important objectives, and on A2A's side there is their industrial plan".This was highlighted by Emmanuel Conte, Councilor for Budget and Real Estate of the Municipality of Milan.

An industrial plan that "gives important results in economic terms, with the dividend that we collect with a certain stability (the latest weighs 83.1 million euros, ed.): it allows us to invest and build our balance sheets.There is A2A's ability to generate value for shareholders as well as for the territories".