External factors and trends

External factors that drive our business

Global climate targets

To limit global warming to no more than 1.5°C, in line with the Paris Agreement, emissions must be reduced by 45 percent by 2030 and reach net zero by 2050.

Electrification

The ongoing electrification of various sectors, from transport to heavy industry, is shaping our market. It is creating a growing demand for reliable, clean electricity.

Economic and social drivers

The energy transition fuels economic growth through innovation, job creation, and industrial competitiveness. Falling technology costs and scalable solutions contribute to lower energy prices, supporting both businesses and households.

Energy security

Geopolitical uncertainty places greater value on the energy security benefits of renewable energy. This includes energy independence through domestic production, reduced reliance on foreign energy, stabilized prices, and greater economic resilience.