A2A, 485 million invested in Milan in 2023 for the ecological transition
The group moves forward with 'green' with 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.
The CEO Renato Mazzoncini points out, today at the presentation of the group’s eighth territorial sustainability report at the Parenti theatre: “The decarbonisation of Milan is at the center of our strategy for this territory In 2023 we have invested almost 500 million euros tomake 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 to ‘expansion of district heating
Again, in the metropolitan city A2A recovers 100% of the urban waste collected: bringing forward the European Union’s objectives to 2035, through virtuous integrated management, “landfilling 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%). Furthermore, a partnership was launched with Fri-El Geo, a producer of geothermal energy, with the aim 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.
During the past year, work continued 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 RECHARGE’< /h3>
As regards 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, the first underground and waterproof secondary electrical substation in Italy was also inaugurated in Milan: “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 construction of the new headquarters of A2A Torre Faro (144 meters high for a total of 28 floors) in conjunction with the 2026 Winter Olympics. The group defines it as “an example of construction sustainable and efficient, 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 completion of the underground floors is expected by September. “Torre Faro is under construction. By December – CEO Renato Mazzoncini anticipated – we should already be six floors above ground, the objective for the end of 2025 is to have finished construction. We are racing, the project has a timing: the building is extremely sustainable, as well as very beautiful”.
MAZZONCINI: “WE PUT 1.4 BILLION TO ENHANCE THE EX ENEL MILAN NETWORK”
In 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 A2A group, asked by reporters today on the sidelines of the presentation of the eighth territorial budget of Milan. Operational investment numbers aside, on the expected economic return the CEO notes that “the network is regulated, this means that the Arera remunerates in regulated manner, today at 5.9%, all investments”. Mazzoncini is keen to point out that the Milan network is one of those, at a national level, which will mark “the greatest need for expansion in the coming years: in Milan, where many 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 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 the Energy Bank we offer 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” .
Adds Tasca: “In 2023, we generated and distributed an economic value of over 1.2 billion euros, confirming our commitment to the sustainable development of this territory. Our activities translate in tangible benefits for local communities, contributing to improving the quality of life of citizens”, points out the A2A president.
COUNCILOR CONTE: “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”.