Masdar, the Abu Dhabi-based renewable energy major, said it has agreed to buy Greece’s Terna Energy in a €3.2 billion ($3.4 billion) deal. The agreement signed June 20 is one […]
Italian power grid company Terna said on Tuesday it would invest 16.5 billion euros ($18 billion) over the next five years to help the country integrate renewable energy sources into its economy and make the network digital and more flexible. This will represent a 65% increase in capital expenditure in the group's 2024-2028 plan drafted by new Chief Executive Giuseppina Di Foggia, compared to a previous strategy. The plan does not explicitly mention M&A, but Di Foggia said Terna was considering the possibility of buying distribution assets.
MILAN (Reuters) -Wind and solar energy production hit a record last year in Italy, as the country more than doubled its newly-installed green source capacity, power grid operator Terna said on Monday. Solar panel generation rose to 30.6 Terawatt hours (TWh) while wind farms produced 23.4 TWh, Terna said.