**Italy’s A2A Boosts 2035 Investment Plan to €23B, Adds €1.6B for Data Centers**
Italian multi-utility company A2A has increased its investment projection for the 2024-2035 period from last year’s €22 billion to €23 billion. Notably, nearly €1.6 billion of this amount is earmarked exclusively for data center projects.
A2A has observed a surge in new digital infrastructure across Italy’s northern Lombardy region, which includes Milan and the industrial city of Brescia. The updated investment plan also raises financial targets for the final phase of the company’s strategy, according to A2A.
Renato Mazzoncini, CEO of A2A, highlighted that the company’s long-standing presence in Lombardy uniquely positions the group to support the rollout of data centers. The recent acquisition of electricity networks in the provinces of Milan and Brescia is expected to further increase electricity demand, along with heat management requirements and network connections.
Mazzoncini anticipates that data centers around Milan will add approximately two gigawatts (GW) of capacity over the next five years—a tenfold increase from current levels.
A2A emphasized that more than 35% of its investment plan has either been completed, is currently ongoing, or has already received the necessary approvals.
### A2A’s Ambition for 2035 Expands on Two Fronts
The group outlined its growing ambitions for 2035 in two key areas.
First, in the energy transition sector, A2A expects a return on investment (ROI) of RAB €4 billion in electricity grids. The company also plans to serve over five million customers and operate 3.7 GW of combined solar and wind capacity.
Second, on the circular economy front, A2A aims to treat 6.6 million tons of waste. The development of new data centers will leverage energy assets as a foundational platform.
Additionally, the Lombardy-based superutility intends to extend its reach beyond Italy’s borders to achieve greater geographical diversification. The selection of countries for expansion will be strategically based on market potential, development speed, and performance criteria.
Expansion initiatives will be evaluated as alternatives to projects within Italy to ensure optimal growth and investment returns.
https://bitcoinethereumnews.com/finance/italys-a2a-boosts-2035-investment-plan-to-e23b-adds-e1-6b-for-data-centers/