Increased Investment in Energy Transition
Terna updated its industrial plan for 2024-'28, outlining investments totaling EUR17.7 billion, an increase of EUR1.2 billion compared to the previous plan, to drive Italy toward decarbonization and reduce dependency on foreign energy supplies.
Record Regulated Investment
Terna plans to invest EUR16.6 billion in the five-year period to develop and modernize the national electricity transmission grid, marking a historical record level of regulated investment.
Completion of Significant Infrastructure Project
Completion of the first submarine cable of the eastern section of the Tyrrhenian Link, connecting Campania and Sicily, marking progress in major power infrastructure projects.
Strong Financial Performance
Group revenues and EBITDA increased by 5% and 4% respectively, with group net income rising by 3% to EUR275 million.
Robust CapEx Growth
Group CapEx reached EUR562 million, recording a 16% growth versus the first quarter of last year.
Increased Solar Production
Solar production grew to around 7 TWh, up 14% compared to the first quarter of last year.
Improved Credit Rating
Standard & Poor’s upgraded the long-term rating of Terna from BBB+ to single A minus.
Successful Green Bond Issue
Terna issued a EUR750 million green bond to finance projects with environmental benefits.