Luigi Ferraris: Terna will spend record sums on grid for shift to renewables
The electricity system will be reshaped by the energy transition under way: in this context Terna, and the other networks operator will play a leading role in leveraging innovation, skills and distinctive technologies for the benefit of all stakeholders. This is the mission defined in the new strategic plan of the Society. Between 2019 and 2023, they will invest 6.2 billion euros in Italy, which represents the highest ever economic commitment, as Luigi Ferraris reported.
Luigi Ferraris presents Terna 2019-2023 strategic plan
Considering a long-time horizon is essential in planning business strategies. Luigi Ferraris, Terna CEO and General Manager, explained the 2019-2023 strategic plan “Grids and Value- Accelerating a Sustainable Growth”, which details the investments that the Group plans for the next five years. It marks an important stake in the difficult path towards achieving the energy transition objectives, with a strong focus on land development, grid security and service quality. For the five-year period, a substantial financial commitment has been prepared: 6,2 billion in investments, which represents the highest ever economic commitment, as Luigi Ferraris reported. The strategic plain is based on the development of the national electricity grid, with works on the rationalization of power lines, interconnections with foreign countries and the construction of new underground or undersea cables with lower environmental impacts. Terna CEO also emphasized the important contribution of everyone to achieve this goal: “As a shared goal on global scale, decarbonization can only be successfully achieved is everyone involved contributes. Terna plays a leading role in the Italian National Electricity System. A role we carry out by managing the system and investing heavily in grid infrastructure”.
Terna: company profile and core business of the Group led by Luigi Ferraris
Italian excellence, Terna, managed by Chief Executive Officer Luigi Ferraris, is among the leading electricity transmission system operators in Europe in terms of kilometres of lines managed. They manage the high voltage Italian transmission grid, one of the most modern and technologically advanced in Europe, as well as playing a central role in transforming the electricity market towards the use of eco-compatible sources, guaranteeing a secure and efficient supply to households and businesses. The company structure of the Group consists of the holding company, Terna S.p.A., and its two operating subsidiaries: Terna Rete Italia and Terna Plus. The service which the society provides in Italy is crucial to the operation of the entire electricity system and for guaranteeing the supply of electricity to all, companies and private individuals alike. In playing such a prime role, Terna has responsibility for supplying the entire country’s electricity needs, not directly but via those companies that distribute and sell electricity to end-consumers. Because of its strong effort in promoting a sustainable approach and their performances, it has been recognized as the global leader of the electric utilities sector with its tenth consecutive placing in the Dow Jones Sustainability Index. In addition, the Group led by Luigi Ferraris, is also present in other important international sustainability indices such as Bloomberg GEI, Euronext (World, Europe and Eurozone), FTSE4Good (Global and Europe), STOXX® ESG (Global, Environmental, Social and Governance), STOXX® Low Carbon, ECPI, ESI (Ethibel Sustainability Index), MSCI, United Nations Global Compact (“GC100”); and in the Italian indices FTSE ECPI Italia SRI Benchmark and Italia SRI Leaders, drawn up only from listed Italian companies.