Assets in Italy

Asset growth in Italy

In 2010, Terna enhanced its own assets in Italy by expanding and creating greater safety for its Grid by strongly increasing lines for over 1,000 km of new power lines and 48 new stations. With the photovoltaic solar transaction, Terna began an important process for enhancing unused areas within the area of the Company-owned power stations where 60 photovoltaic solar plants have already been built that have significantly contributed to energy production from renewables in Italy.
In 2010, Terna indeed closed the greatest deal on photovoltaic solar energy in Europe: with this transaction, carried out in record breaking time, the Italian photovoltaic solar production increased by 10% and the electricity system will save 135 thousand tons a year of CO2 emission. A very positive deal for Terna, for the country and its electricity system that was closed with the agreement for transferring 100% of the share capital of Rete Rinnovabile S.r.l., the photovoltaic solar company, to the London private equity fund Terra Firma. The transaction was finalized according to all obligations during the first three months of 2011 for a consideration in terms of Enterprise Value of € 641 million and net proceeds for over € 200 million.

Assets in Italy