Terna to invest €16.5bn to strengthen electricity network in Italy

Rome: Italian power grid company Terna has announced plans to invest €16.5bn over the next five years to support Italy’s integration of renewable energy sources.

In comparison with a prior strategy, this will represent a 65% surge in capital investment in the group’s 2024–28 plan, which was drafted by new CEO Giuseppina Di Foggia.

In 2024, the company plans to invest around €2.6bn.

The investment will also be used to enhance digitalisation and flexibility of the national power network.

Di Foggia also revealed that the company is considering the possibility of buying distribution assets.

This follows new regulations incentivising power distributors to divest certain assets that could bolster Terna’s transmission operations.