Italy’s Grid Operator to Invest $25 Billion to Back Renewables Rise.
Italy’s power grid operator Terna SpA plans to invest more than $25 billion (23 billion euros) over the next ten years to facilitate the integration of renewable energy sources and boost the transport capacity of the grid, the company said on Friday in its 2025-2034 development plan.
The investments represent a 10% increase compared to the previous plan.
The upgrades and new links in the plan through 2034 “are essential to the pursuit of national and European targets in terms of energy transition and independence, resilience and efficiency of the electricity system,” Terna said in a statement.
Terna plans to roll out by 2030 additional power infrastructure to support Italy’s energy transition. The new links include the Tyrrhenian Link, the Adriatic Link, the connection between Sardinia, Corsica, and Tuscany, and the Italy-Tunisia energy bridge.
Terna’s development plan is aligned with Italy’s national energy and climate plan from 2024, which envisages solar and wind power capacity rising by 65 gigawatts (GW) by 2030, and by 94 GW by 2035, compared to 2023.
Source: OILPRICE