Italy's Iren unveils EUR 10.4 billion investment plan to strengthen strategic infrastructure through 2035
Italian multi-utility company Iren announced a EUR 10.4 billion investment plan through 2035, targeting infrastructure in water, electricity, and waste-to-energy sectors. The company projects EUR 1.95 billion EBITDA and EUR 550 million net profit by 2035, with 2,800 new hires planned. Iren also confirmed an 8% dividend increase through 2027, followed by 6% annually until 2030.
How this was made
The 30-second read
Why it matters
The €10.4 bn plan signals a shift toward regulated assets, aiming to boost EBITDA to €1.95 bn by 2035 and increase dividend payouts.
Market read
The announcement provides a fresh growth catalyst for Iren, potentially influencing its share price ahead of upcoming earnings.
What to watch
Potential regulatory changes in EU energy policy could affect projected returns.
Background
Iren is a multi‑utility operator in Italy, serving water, electricity distribution and waste‑to‑energy markets.
Market effects
strengthens outlook for European utility and infrastructure sectors
supports Italian market sentiment on regulated utilities
limited to investors focused on utility infrastructure exposure
Counterpoint
Execution risk and capital allocation could strain cash flow if projects face delays or cost overruns.
Key entities
- ExecutiveLuca Dal Fabbro
Executive Chairman of Iren, presented the investment plan.

