Wind
We are the leading producer of wind energy in Italy and among the top ten in Europe. In 2017 alone, we avoided 2,901 kt of CO2 emissions, equivalent to 780,000 roadtrip flights from Rome to New York.
Wind is freedom, strength, and motion. It is an inexhaustible source of clean energy that comes from nature and becomes nature. We have decided to follow the simplicity of the wind and today we are the largest producer of wind power in Italy. As an operator we are continuing to expand abroad, we are among Europe's top ten onshore wind power producers.
Thanks to the wind, we produce energy without carbon dioxide emissions and we do it with a business approach based on real skills in the area. Since 2006 we have increased our installed capacity more than tenfold (from 134 to 1,768 MW) achieving a wind-based production of 3.501 GWh of energy in 2016 alone.
That is our concrete contribution to the effort to reduce greenhouse gas emissions in Italy and around the world, as we fight climate change (see the details of the Paris agreement below) and transition to a greater amount of energy from renewable sources.
Thanks to the wind, we produce energy without carbon dioxide emissions and we do it with a business approach based on real skills in the area. Since 2006 we have increased our installed capacity more than tenfold (from 134 to 1,768 MW) achieving a wind-based production of 3.501 GWh of energy in 2016 alone.
That is our concrete contribution to the effort to reduce greenhouse gas emissions in Italy and around the world, as we fight climate change (see the details of the Paris agreement below) and transition to a greater amount of energy from renewable sources.
CO2 AVOIDED 2016-2018
(From 2017 Sustainability Report - Consolidated Non-Financial Reporting drawn up pursuant to Italian Leg. Decree 254/2016 )
| The Paris Agreement (COP 21) On 12 December 2015, in Paris, an agreement on climate change was reached and signed by 196 countries. They committed to:
The agreement is unprecedentedly widespread since almost all the countries in the world signed it. |
The prospects of wind energy and our approach
Wind-based energy is a radical change in the way we produce energy, that has proven to be economically sustainable and that has significant growth prospects. According to Bloomberg data, worldwide installed wind power capacity is expected to increase by seven times by 2040, reaching 2,033 GW from the 282 GW data recorded in 2012.
The growth in Europe will also be significant, as it is expected to quadruple its installed capacity, from 110 GW to 400 GW.
We believed in it right from the start. Back in 2006 we bet on the industry with determination and wind power now accounts for 60% of our invested capital and generates three-quarters of our profits.
We did it with a business approach. We are one of the few wind energy operators with expertise that spans the entire supply chain: from the identification of sites to the maintenance of turbine blades and forecasting the weather. By choosing to do so, we have become a highly specialised and efficient operator.
We directly operate and maintain our wind farms with a technical team that is highly specialised in operational management.
After a period of strong growth achieved through acquisitions, we will now focus on consolidating our existing assets and on growing organically abroad, to further improve our geographic diversification.
Our goal is to grow abroad, adding 200 MW of installed capacity. By expanding our wind farms in Europe we intend to create an optimal mix that is capable of handling the uncertainties of the wind business. There are two types of risk: meteorological risk (i.e. the variability of wind conditions in the areas where the wind farms are) and regulatory risk (i.e. changes to the regulatory framework).
This risk diversification logic has always characterised the way we operate and is a pillar of our economic sustainability.
Wind-based energy is a radical change in the way we produce energy, that has proven to be economically sustainable and that has significant growth prospects. According to Bloomberg data, worldwide installed wind power capacity is expected to increase by seven times by 2040, reaching 2,033 GW from the 282 GW data recorded in 2012.
The growth in Europe will also be significant, as it is expected to quadruple its installed capacity, from 110 GW to 400 GW.
We believed in it right from the start. Back in 2006 we bet on the industry with determination and wind power now accounts for 60% of our invested capital and generates three-quarters of our profits.
We did it with a business approach. We are one of the few wind energy operators with expertise that spans the entire supply chain: from the identification of sites to the maintenance of turbine blades and forecasting the weather. By choosing to do so, we have become a highly specialised and efficient operator.
We directly operate and maintain our wind farms with a technical team that is highly specialised in operational management.
After a period of strong growth achieved through acquisitions, we will now focus on consolidating our existing assets and on growing organically abroad, to further improve our geographic diversification.
Our goal is to grow abroad, adding 200 MW of installed capacity. By expanding our wind farms in Europe we intend to create an optimal mix that is capable of handling the uncertainties of the wind business. There are two types of risk: meteorological risk (i.e. the variability of wind conditions in the areas where the wind farms are) and regulatory risk (i.e. changes to the regulatory framework).
This risk diversification logic has always characterised the way we operate and is a pillar of our economic sustainability.
Page updated at 7 Nov 2018