Terna has signed an agreement with the European Investment Bank (EIB) for a 300 million euro loan to support the 2021-2025 “Driving Energy” Business Plan, which provides for investments totaling 8,9 billion euro for the transition energy. This was communicated by the company that manages the national electricity grid.
In particular, Terna's investments for the next five years, considered 95% sustainable on the basis of the criteria of the European taxonomy, are aimed at integrating non-programmable renewable sources and increasing the security and resilience of the system, with the objective of solving grid congestion and strengthening the backbones essential for transporting energy from production to consumption sites, thus contributing to the achievement of national and EU long-term energy and climate objectives.
This 22-year loan, characterized by a longer term and more competitive costs than those on the market, is part of Terna's policy of optimizing the financial structure.
With this transaction, the total outstanding loans between Terna and the EIB rise to approximately 2,3 billion.
