Italy's Terna to invest over 21 bln euros for energy transition in 10 years

Terna Energy SA

15/03/2023 10:47

MILAN, March 15 (Reuters) - Italy's Terna  TRN.MI  will
invest over 21 billion euros ($22.41 billion) in the next 10
years to speed up the energy transition and reduce the country's
dependence on foreign supply sources under a new plan unveiled
on Wednesday. 
    The investments are 17% higher than in a previous 10-year
plan, the Italian power grid company said in a statement.
    An innovative hyper grid project is the main new feature
introduced under the new plan, with investments of 11 billion
euros for five new electricity backbones that will double the
power exchange capacity from the south to the north. 
  
    ($1 = 0.9369 euros)

 (Reporting by Giancarlo Navach, writing by Gianluca Semeraro,
editing Federico Maccioni)
 ((gianluca.semeraro@tr.com; +39 06 80 307 741;))