2023 UNIVERSAL REGISTRATION DOCUMENT

With VINCI Energies and Cobra IS, our two Energy business lines, VINCI is directly involved in the energy transition. As confirmed by the COP28 agreement in Dubai in December 2023, this means tripling the world’s renewable energy production by 2030. Reconnecting with its early 20th century beginnings in electricity concessions, VINCI has come full circle and now finances, develops and operates renewable energy production sites, such as the solar farm that went into service in 2023 in São José do Belmonte in Brazil (see page 94) . On the downstream side, VINCI Energies and Cobra IS are front and centre of projects to deploy and upgrade transmission infrastructure, whose capacity must be considerably increased to support the mass shift to electricity.

The energy transition is also generating an output of large civil engineering projects. For example, VINCI Construction and VINCI Energies are working together to build two converter stations that will enable a new electrical interconnection between France and Spain. The Group’s builders are at work on major projects for low-carbon railway infrastructure, such as the Grand Paris Express in France and the High Speed 2 line in the United Kingdom, and in the future will take part in the relaunch of the nuclear programme and the construction of a new generation of reactors. Energy efficiency measures are another powerful driver of projects for our building activities.