Italy's Edison to invest 5 bln euros to boost renewable growth

MILAN, March 21 (Reuters) – Italian energy group Edison (EDNn.MI) said on Tuesday it would invest 5 billion euros to increase its installed renewable capacity to 6 gigawatts (GW) by 2030 from the current 2 GW.

“By 2030 green energy will account for 40% of our power mix with a significant push toward decarbonisation,” Edison Executive Vice President and Power Asset Director Marco Stangalino said in a statement.

EDF’s (EDF.PA) Italian unit Edison said it aims to add 1 GW of installed wind power and 2 GW of solar energy and develop 1 GW of renewable for hydrogen production and for creating energy storage systems.

Reporting by Francesca Landini, editing by Gianluca Semeraro

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