Terna has signed an agreement with the European Investment Bank (EIB) for a loan of 300 million euros to support the 2021-2025 “Driving Energy” Business Plan, which envisages investments for a total of 8.9 billion for the energy transition. In particular, Terna’s investments for the next five years, considered to be 95% sustainable based on the criteria of the European taxonomy, are aimed at integrating non-programmable renewable sources and increasing the safety and resilience of the system, with objective of solving grid congestion and strengthening the backbones essential for the transport of energy from the places of production to those of consumption, thus contributing to the achievement of national and EU long-term energy and climate objectives.
This 22-year loan, characterized by a longer duration and more competitive costs compared to those of the market, is part of Terna’s policy to optimize the financial structure. With this operation, total loans between Terna and the EIB rose to approximately 2.3 billion.