Italy's A2A lifts investment plan to $27 billion on data centre demand

Group 1 - A2A has raised its total projected investments for 2024-2035 to €23 billion ($27 billion), with €1.6 billion allocated for data centres [1] - The updated business plan increases projected investment by €1 billion and raises financial targets for the latter part of the strategy period, while confirming a minimum annual dividend growth of 4% [1] - A2A's stock fell by 7% due to overly cautious financial estimates for the upcoming year, despite a 14% increase in stock price over the last 30 days [2] Group 2 - A2A aims to become a developer of data centres and a power supplier, estimating that Italian data centre electricity demand could reach 42 Terawatt hours by 2035, up from 3 TWh this year [3] - The company is in a strong position to support the development of digital infrastructures in Lombardy, which is expected to increase electricity demand and network needs [4] - A2A sees opportunities to enhance its district heating business by leveraging digital infrastructures [5] Group 3 - A2A is considering potential acquisitions beyond Italy, although it is not interested in acquiring a minority stake in rival Edison [6] - The company reported a 4% year-on-year decline in its nine-month core profit, amounting to €1.73 billion [6]