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I would like to summarise in three points the cornerstones of the 2024-2028 Industrial Plan update presented today: significant increase in investments, with €17.7 billion over five years marking a new milestone for Terna; territorial planning, in order to facilitate the integration of renewable sources into the grid, which we set out to make even more reliable and efficient; and strengthening the Group's role in underpinning Italy’s electric security and energy independence. We are focusing on sustainability and digitalisation to build infrastructure that is key for the country’s decarbonisation, with a reduced environmental impact, and to manage a grid that is more resilient and ready to face the challenges of the energy sector.
GIUSEPPINA DI FOGGIA, CHIEF EXECUTIVE OFFICER AND GENERAL MANAGER
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Energy Transition

Growth in investments to integrate RES, guaranteeing the resilience and reliability of the grid

Sustainability of investments, with regulatory support

Greater energy independence through new renewable capacity

Cost-effectiveness
Generation from RES
Security
Flexibility
Regulation
Circular economy
Sustainability
Energy independence

for a just transition

Digitalisation
AR/VR
AI
Cloud
Digital twin
IoT
Connectivity
Cybersecurity

Digital Transformation

Increase in digital investments to support the Plan's execution

Digital as a lever for optimising the decision-making process, automating processess and strengthen team's operating capacities

A focus on adopting and scaling digital solutions throughout the grid

Green by nature

Icona di decarbonizzazione

Commitment to Net Zero by 2050

Icona di certificazione ambientale

Science-based Target for Nature certification by 2026

Icona di adattamento ai cambiamenti climatici

Adaptation to climate change through the increase of grid's resilience

Social by Purpose

Icona di sicurezza

Safety indicator1 ≤ 1 within the plan's timeframe

Icona di coinvolgimento degli stakeholder

100% significant projects2 joined by stakeholder engagement in 2024-2028

Icona della Fondazione Terna

Establishment of Terna Foundation to pursue an inclusive transition

Icona di direttiva sulla sostenibilità aziendale

First application of the Corporate Sustainability Due Diligence Directive by 2026

Regulated Activities in Italy will continue to represent our core business, with total investments of 16.6 billion euros over the five-year period 2024-2028 (+7% over the same length of time compared to the previous Plan, with the increase concentrated mainly on renewing electricity assets and on the Safety Plan). We intend to develop and modernise the transmission grid and to develop international interconnection capacity, in order to guarantee the increased security, resilience, independence, and efficiency of the system. Investments in Regulated Activities will contribute to achieving the Fit-for-55 targets of the European Fit-for-55 package and REPowerEU, implemented in Italy by means of the 2024 Integrated National Energy and Climate Plan (PNIEC).



10.8

billion euros

Development of the Italian national electricity grid

We will invest 10.8 billion euros over the course of the plan for the development of the national electricity grid. Interventions will be linked to the creation of direct-current lines and the construction of submarine cable connections, the resolution of grid congestions, an increase in the transport capacity between the different market zones, the integration of renewable sources and the improvement of service quality. Moreover, international interconnections will increasingly position Italy as the Mediterranean electricity hub, increasing the reliability and security of the system.

The most important infrastructural projects in the 2024-2028 Industrial Plan include:

  • the Tyrrhenian Link, the submarine power line that will connect Sicily to Sardinia and Campania;

  • the Adriatic Link, the submarine connection that will link the regions of Abruzzo and Marche;

  • the Sa.Co.I.3, an infrastructure between Sardinia, Corsica, and the Italian mainland;

  • the 380 kV Chiaramonte-Gulfi-Ciminna power line in Sicily.

A crucial role will also be played by international interconnections, particularly the invisible electricity bridge Elmed, which will link Italy and Tunisia to facilitate the optimisation of resources between Europe and North Africa

2.3

billion euros

Safety Plan

Around 2.3 billion euros (compared to around 1.7 billion euros envisaged by the previous Plan over the same period of time) will be dedicated to the Safety Plan, which aims to strengthen and enhance the technical and technological capabilities of the electricity system. This primarily involves supporting the interventions needed to manage energy flows at the most critical points of the grid and to strengthen cybersecurity initiatives to defend the system. Investments in the Safety Plan also include those dedicated to grid resilience. These interventions are crucial in facing up to the challenges posed by extreme weather events, which have become increasingly frequent in recent years.

3.6

billion euros

Renewal and efficiency of assets

Finally, around 3.6 billion euros will be dedicated to activities for asset renewal and efficiency (compared to around 2.9 billion euros under the previous Plan over the same period of time), primarily for the rationalisation of existing infrastructures and the replacement of obsolete components.

Thanks to all the planned investments, the value of the Regulated Asset Base (RAB) will reach around 32 billion euros in 2028, with a compound annual growth rate (CAGR) of about 9% over the duration of the Plan. By the end of 2025, the RAB will be equal to 24.8 billion euros, a figure which stood at 22.5 billion euros at the end of 2024.