Terna high voltage pylons are seen in Montalto di Castro, central Italy, April 27, 2016. REUTERS/Max Rossi/FilesMILAN, July 7 (Reuters) - Italy's Terna (TRN.MI) has pledged to invest a record 18.1 billion euros ($21 billion) in the country's power grid over the next 10 years to meet the demands of the energy transition and economic recovery. Terna, one of Europe's biggest power grid players, said the projects in the new long-term development plan for the national grid would make it possible to cut carbon emissions by 5.6 million tonnes per year, double that of the previous plan. The future of Europe's energy transition away from fossil fuels to cleaner sources is heavily dependent on more efficient digitalised grids being developed, to cope with less predictable flows from solar and wind power. Terna makes most of its revenues from developing the high voltage domestic power grid.

Source: The North Africa Journal July 07, 2021 08:54 UTC