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Our growth in renewable energy production

Renewable energy

Renewable energy refers to energy derived from sources that naturally replenish themselves within a timescale compatible with human life, making them inexhaustible, unlike fossil fuels. The main examples include wind, solar, hydroelectric and geothermal energy. Renewable energy sources also do not release greenhouse gas (GHG) emissions into the atmosphere during their use. Biomass and biofuels are also considered renewable sources because, although they emit CO2 when burned, this corresponds to the amount of CO2 absorbed from the atmosphere by the original biomass. Thanks to these characteristics, renewable energy plays a crucial role in the energy transition.

The role of renewable energy sources in our strategy

Renewable energy is a key element of our strategy for energy diversification. Increasingly integrating them into our energy mix contributes to achieving the Net Zero target, by offering products, services and solutions that are ever more decarbonised. To accelerate the development of new businesses in this sector, we have adopted our satellite model, which enables us to create independent companies and facilitate their access to specialised capital.

Renewable sources for the zero emissions target

Plenitude gives concrete form to our commitment to progressively increase installed renewable capacity. It combines the production of electricity from wind and solar plants with the traditional sale of electricity and gas, energy efficiency services and electric mobility solutions.

Plenitude's renewables for households and businesses worldwide

By combining established conventional technologies with new solutions, we can offer an increasing production of electricity from renewable sources to households and businesses. Solar, onshore and offshore wind, storage and floating wind are the areas in which we operate in Italy and across the world. Through Plenitude we are present in Australia, France, Greece, Kazakhstan, Portugal, Slovenia, Spain, Norway, the UK and USA.

Our renewable energy plants are also applied in our upstream operations worldwide, helping to make them increasingly sustainable.

The renewables challenge

We anticipate growth in the production of energy from renewable sources (100% Plenitude).  

>10
GW

installed capacity from renewables in 2028


>15
GW

installed capacity from renewables in 2030


>30
GW

installed capacity from renewables in 2035


60
GW

installed capacity from renewables in 2050


>10
GW

installed capacity from renewables in 2028

>15
GW

installed capacity from renewables in 2030

>30
GW

installed capacity from renewables in 2035

60
GW

installed capacity from renewables in 2050

Expand Reduce

Key operating and financial results

Highlights Full Year 2024

1.7 mln
boe/d

daily production hydrocarbon

4,7
TWh

energy production from renewable sources (100% Plenitude)

13.6 bln
euro

adjusted cash flow

14.3 bln
euro

proforma adjusted EBIT

0.15

leverage proforma



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