BAKU, Azerbaijan, February 28. Plenitude closed 2024 with steady growth in renewables and EV charging infrastructure, despite slight declines in customer numbers and gas sales, Trend reports.
As of December 31, Plenitude’s retail and business customer base stood at just over 10 million, down slightly year-on-year due to intensified competition in Italy, though partially offset by an increase in customers outside Italy.
Retail and business gas sales remained stable in Q4 at 1.73 bcm, but for the full year, they dropped by 9% to 5.51 bcm, reflecting lower consumption patterns. Meanwhile, power sales to end customers rose by 2% year-on-year to 18.28 TWh in 2024, showing resilience despite market pressures.
A major highlight was Plenitude’s expansion in renewable energy. By the end of 2024, installed renewable capacity reached 4.1 GW, marking a 37% YoY increase. This growth was driven by organic development in the U.S., Spain, the UK, and Italy, as well as strategic acquisitions in Spain, Germany, and the US. Renewable energy production also jumped 20% year-on-year in Q4 to 1.2 TWh and rose 18% for the full year to 4.7 TWh.
Plenitude also made significant progress in electric mobility, with EV charging points increasing by 12% YoY to 21.3 thousand. This expansion aligns with the company’s broader strategy of energy transition and sustainable mobility.