Veolia Accelerates Local Decarbonizing Energy Development With €4 Billion Investment by 2030
11 Janvier 2024 - 4:24PM
Business Wire
Regulatory News:
Velio (ParisVIE):
> A €500 billion market that is set to further expand
in the years to come
> Veolia is uniquely positioned to tap into the potential of
over 400 GW of unused local energy reserves
> An untapped local, affordable resource that can be
sufficient to cover the consumption of a country with a population
of over 50 million
▁▁▁
The world is undergoing a significant transformation in its
energy landscape, where the unsustainable wastage and loss of
energy, as well as the disregard for untapped energy sources, can
no longer be sustained. To tackle the challenges of
decarbonization and achieving self-sufficiency, the Local
Decarbonizing Energy emerges as a crucial component, with a
€500 billion market that is set to further expand in the years to
come.
Veolia is particularly well positioned to be a major player in
the local decarbonization energy, and to tap into the potential of
over 400 GW of unused local energy reserves. More
specifically, this new resource reflects the untapped bioenergy,
waste heat and cooling, efficiency gains and expansion in district
heating networks, as well as energy efficiency in buildings and
industries.
This unexploited local, affordable supply, that does not
necessitate the extraction of new resources, can be sufficient to
cover the consumption of a country with a population of over 50
million, or to reduce the EU's dependence on imported fossil fuels
(gas and coal) by 30%.
A long-term energy player, Veolia has a unique position that
builds on its activities in water and waste, its advanced know-how
in energy management, digital optimization and geographical
footprint. With over €10 Billion of its business already linked to
energy, Veolia has set itself ambitious targets to further develop
its portfolio driving the sector forward and is ready to accelerate
its growth-oriented investment efforts on the best value
creating projects which will bring the overall amount to €4 billion
between now and 2030.
Estelle Brachlianoff, chief executive officer of Veolia
said: “We can no longer afford to waste or lose energy. With 400 GW
of untapped potential that could save us from importing fossil
fuels, let's accelerate the development and implementation of these
crucial solutions of local decarbonizing energy. At Veolia, we
already have the capacity to meet ambitious targets and grow our
portfolio, but with regulatory support unlocked, we can do even
more. Collectively, we must be able to meet and exceed the recent
COP 28 ambitions. The time for global action on a local scale is
now.”
The Group will address growing
customer demand through strong 2030 ambitions in 4 main
areas:
Bioenergy & Renewables, Flexibility
& Ancillary Services
● +50% bioenergy and renewables capacity
to 8 GW
● +50% flexible capacity to 3 GW
District Heating & Cooling
Networks
● n°1 heating networks in Europe
● Total coal withdrawal in Europe
Energy Efficiency Services to Buildings
& Industries
● n°1 Energy efficiency services in Europe
and Middle East
Local Decarbonizing Energy for our
customers
● +50% scope 4 / avoided emissions
▁▁▁
ABOUT VEOLIA
Veolia Group aims to become the benchmark company for ecological
transformation. Present on five continents with nearly 213,000
employees, the Group designs and deploys useful, practical
solutions for the management of water, waste and energy that are
contributing to a radical turnaround of the current situation.
Through its three complementary activities, Veolia helps to develop
access to resources, to preserve available resources and to renew
them. In 2022, the Veolia group provided 111 million inhabitants
with drinking water and 97 million with sanitation, produced nearly
44 million megawatt hours and recovered 61 million tonnes of waste.
Veolia Environnement (Paris Euronext: VIE) achieved consolidated
revenue of 42.885 billions euros in 2022. www.veolia.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240111226615/en/
GROUP MEDIA RELATIONS Laurent Obadia - Evgeniya
Mazalova Anna Beaubatie - Aurélien Sarrosquy Tél.+ 33
(0) 1 85 57 86 25 presse.groupe@veolia.com
INVESTORS RELATIONS Ronald Wasylec - Ariane de
Lamaze + 33 (0)1 85 57 84 76 / 84 80
investor-relations@veolia.com
Veolia Environnement (EU:VIE)
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