October 24, 2024 16:14 GMT
POWER: Terna Secures €400mn EIB Loan to Modernise Italy's Power Grid
POWER
Terna and the EIB have finalised a €400mn loan to modernise Italy's power grid, enhancing its resilience and reliability, with works to be carried out across the country by 2026, the EIB said.
- The Planned upgrades will incorporate sustainable solutions and improve grid resilience against extreme weather, the EIB added.
- The project aligns with the REPowerEU objectives, supported by an additional €45bn in EIB financing by 2027.
- The 22-year fixed-rate loan will aid Terna’s financial efficiency and infrastructure modernisation.
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