Italy’s Grid Operator to Invest $25 Billion to Back Renewables Rise
March 15, 2025
ByCharles Kennedy– Mar 14, 2025, 10:30 AM CDT
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.
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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.
“Requests for the connection of renewable plants, storage systems and Data Centres are constantly increasing, particularly in recent months for the latter,” said Giuseppina Di Foggia, Terna’s CEO and General Manager.
In a major U-turn in energy policy, Italy has recently made the first steps toward reviving nuclear power.
Last month, the Italian government approved a proposal to begin drafting a series of laws that would ultimately lead to Italy’s return to nuclear power generation after more than four decades.
Italy halted nuclear reactors after a referendum in 1987 following the Chernobyl disaster a year earlier. In 2011, Italians rejected again the use of nuclear power in yet another referendum.
But Italy’s current government led by Giorgia Meloni said last year that it plans to adopt legislation to return to nuclear power with the latest generation of small modular reactors (SMRs), as part of efforts to decarbonize industry.
By Charles Kennedy for Oilprice.com
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