Italy’s Grid Operator to Invest $18 Billion to Support the Rise of Renewables

Italy’s power grid operator Terna SpA plans a record-high five-year investment of $18 billion (16.5 billion euros) by 2028 to support and accelerate the country’s decarbonization, the company said in the details of its new industrial plan 2024-2028. Most of Terna’s capital expenditure (capex) through 2028 will go to strengthening and expanding the transmission grid and developing cross-border interconnection capacity, “to guarantee increased security, resilience and efficiency of the system enabling it to handle…