Over the five-year period, Hera will concentrate more than half of its 4.1-billion-euro investment plan on Networks, with the aim of leveraging on the existing infrastructure, a real strategic asset that will be strengthened and transformed to respond to the new challenges of Climate Change, while offering the Group visible returns with a low risk profile.

Hera will also allocate significant capital to Waste (29% of total investments), with this area expected to generate attractive returns that will drive the Group’s EBITDA growth. Hera will intercept a demand for increasing circularity, also in new vertical segments, by offering services that thoroughly meet the needs of business customers.

Hera enjoys a leading competitive position in the Waste business in Italy. The new Plan to 2026 outlines a clear strategy: to leverage the Group’s existing widespread plant base and its ability to intercept annual waste volumes of over 6.7 million tonnes to increase its competitive advantage.

The idea is set in a context that is favourable from several points of view: the issue of protecting the environment through proper waste treatment and disposal is felt by citizens and is a legal responsibility for the companies that generate the waste. Both the new tariff framework for the treatment of municipal waste and the Italian government’s PNRR contain mechanisms that incentivise investment in the business, while the market price-trend has been positive for six years.