CEO FERRARIS AT CONFINDUSTRIA ENERGIA: “THE ACCELERATION OF INVESTMENTS IS AN ENABLING FACTOR FOR TRANSITION”

Terna represents 15% of investments in energy infrastructure
  • 22/01/2019
CEO Ferraris at Confindustria Energia: “The acceleration of investments is an enabling factor for transition”

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Energy infrastructure, environment and territory. These issues are the central themes of the conference organised by Confindustria Energia at the Auditorium Via Veneto in Rome. A study conducted with the support of the consultancy agency PwC Strategy& on how investments in energy infrastructure for the 2018-2030 period will have a very positive economic impact on a national scale — also in terms of employment — was presented during the event. In addition to Terna’s CEO, the attendees represent companies and institutions of strategic importance on a national level for energy and development issues, such as the CEOs of Snam, Cdp and Arera.

During his speech at the conference, CEO Luigi Ferraris commented, “Terna is certainly playing a leading role in the current energy transition process and contributing to the identification of planned investments for energy infrastructures”. In fact, the CEO highlighted that “Terna represents 15% of all investments”.  

According to the study, investments are valued at € 96 billion for the 2018-2030 period and will lead to a progressive increase in GDP from 0.3% in 2018 to 0.9% in 2030. The overall impact on the national economy equates to € 305 billion; in terms of employment this is 140,000 employees annually until 2030 and 35,000 post-2030. By 2030, the energy mix made possible by primary infrastructures will also reduce greenhouse gas emissions by 72 million tonnes per year.

It is specifically the energy transition process moving toward complete system decarbonisation which is at the centre of discussions on national energy infrastructures. Synergy between renewable sources and traditional sources is important for the safety, competitiveness and sustainability of the energy sector during the transition phase. In this context, the grid planning phase is fundamental to efficiently connect increasingly sustainable and widespread electricity generation.

Today, fossil fuels still cover more than 80% of primary global energy consumption. Changes are therefore necessary in order to reduce dependency on traditional sources and limit global warming. “For every euro spent on new generation from renewables, we need to invest another euro in grid infrastructure and related grid services”, highlighted the CEO. In fact, to reach decarbonisation targets, the electricity system represents a key tool but the real challenge is the development and modernisation of the electricity system for energy transition.

Following the growth in renewables recorded over the last ten years, there has been a significant impact on the management of the Electricity System. Over the last 10 years, the installed power from photovoltaic plants has reached around 20 GW compared to 0.4 GW in 2008, while wind power has reached around 10 GW compared to 3.5 GW in 2008. It is therefore necessary “to make significant investments using the best technologies and integrated planning methods. Terna’s Development Plan, as can be noted, foresees € 12 billion in 10 years”, added CEO Luigi Ferraris. 

In this context Terna’s role is fundamental to the research of innovative solutions and technologies to be made available for the development of the grid, while always taking great care to consider the local territories and communities, which will be involved during the planning phase of each project. The company’s approach is to always be open to dialogue and discussion with local, national and municipal authorities, citizens, trade unions and environmental organisations.

“We believe that involving those affected in the planning and construction processes and welcoming their suggestions and interest in improving the project is instrumental for achieving our business goals and for the development of social well-being overall”, continued CEO Luigi Ferraris. Since 2010, the attention paid to the territory has enabled Terna to remove over 1000 km of old power lines and to anticipate, in the new Strategic Plan, the construction of various “invisible” power lines, both underground and undersea: from the Mainland - Sicily - Sardinia connection to the undersea cable along the Adriatic backbone needed for efficient exchanges between the North and the South.