Italy to invest $22 B into sustainable power grid
Italy, Rome: Terna, the Italian transmission system operator, plans an investment of over $22 B in the next 10 years to accelerate the energy transition.
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Italy, Rome: Terna, the Italian transmission system operator, plans an investment of over $22 B (€21 B) in the next 10 years to accelerate the energy transition.
Terna has published its 2023 Development Plan, which includes the fulfilment of the European targets set by the “Fit for 55” package (55 % reduction in CO2 emissions by 2030 compared to the levels from 1990). These targets are the integration of renewable sources, the development of international transmission interconnections, increasing the security and resilience of the electricity supply system, and investment into grid digitalisation.
The ambitious plan will span over the next ten years in an effort to accelerate the energy transition, promote decarbonisation and reduce the dependence of Italy on foreign supply sources.
One of the key features of the development plan is the Hypergrid network, leveraging HVDC transmission technology to reach the energy transition and sustainability goals.
The Hypergrid project will enable doubling the exchange capacity between market zones from the current 16 GW to over 30 GW. The development of the direct current backbones will also minimise the environmental impact.
Source: Terna
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