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Energy: 100 billion euro ready for grids and acquisitions from EU utilities

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(ANSA) – MILAN, 07 MAY – To overcome the energy crisis, the European utilities listed on the stock exchange are pushing on the energy transition and putting more funds on the plate for investments in small and medium-sized acquisitions and to modernize the networks. This is what emerges from a Bloomberg Intelligence analyst.

Large-scale acquisitions and special dividend programs, on the other hand, could be “held back due to economic uncertainty caused by Russia’s invasion of Ukraine and tighter financial conditions,” analysts explain.

On the investment front, in particular, the European utilities included in the Stoxx Europe 600 index are ready to put on the plate a capital of 95-100 billion euros per year in 2022-2023, according to the analysis, marking an increase in 24% compared to 2021.

Furthermore, the acceleration of investments in network infrastructures and renewable capacity is set to increase with the growth of earnings in the medium term. On the financial side, with the volatility of commodity prices and uncertainty about supplies from Russia, companies fear an increase in debt, according to analysts. (HANDLE).

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Source: Ansa

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