Introducing Terna
From Strategy to Results
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«The results achieved in 2024, which come from the efforts and expertise of our people, allow us to continue to create value for all our stakeholders and confirm our position as an increasingly solid Group in the national energy landscape, fully aware of the responsibility entrusted to us: to enable the energy transition, ensuring the highest transmission service quality standards at the lowest possible cost for businesses and citizens.»
GIUSEPPINA DI FOGGIA
Chief Executive Officer and General Manager
Overview of 2024
Letter to stakeholders
«We can achieve the ambitious objectives of the Industrial Plan, generate further shareholder value and contribute to the development of the country thanks to our most important capital – the people – their excellence and their constant work: more than 6,400 employees who, every day, take care with passion and expertise in management, maintenance and the evolution of the national electricity grid.»
IGOR DE BIASIO
Chairman
GIUSEPPINA DI FOGGIA
Chief Executive Officer and General Manager
Terna's role in the just transition
Terna is driving the complex transition towards a new carbon-free model, aware of the fact that the task of meeting ambitious national and international targets over the coming years must be addressed by taking into account not only the environmental aspects, but also the social dimension, in order to deliver a just transition that is as fair and inclusive as possible.
The value creation strategy
Terna’s process for creating value over time is shaped by a form of governance that targets sustainable success through the definition of a solid medium- to long-term strategy, based on the 2025 Development Plan and the 2024-2028 Industrial Plan Update, with the aim of delivering an energy and digital transition that takes into account the impact on society (a just transition).
2024-2028 Industrial Plan Update
The update of the 2024-2028 Industrial Plan provides for total Capital expenditure of € 17.7 billion, through which Terna will accelerate its commitment to the country’s energy transition, energy independence and decarbonisation.
2024-2028 Sustainability Plan Update
Achieving an energy and digital transition that is both fair and inclusive is the priority goal of the 2024-2028 Sustainability Plan and the Plan’s contribution to the Industrial Plan, providing further impetus towards the objective of delivering long-term value and sustainable success.
2025 Development Plan
Terna’s 2025-2034 Development Plan, containing investments of more than € 23 billion over the next ten years, consolidates our role in service of the nation, towards a sustainable and decarbonised future.
The value creation process (business model)
In line with the enabling factors of the 2024-2028 Industrial Plan Update, the Terna Group’s business model is structured into two main distinct areas of activity: Regulated Activities and Non-regulated Activities.
Sustainable finance
Terna is delivering on its commitment, made at the time of the bond issues, to report annually on its use of the proceeds and the environmental benefits resulting from the projects financed with those proceeds.
Financial data
Terna has identified the following indicators as the most representative of its economic and financial performance: Revenues, EBITDA, Operating results, Group Net Profit, Net Debt and Investments.
KPI/Historical data
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Presentation of the annual report 2024
The Terna Group’s 2024 Annual Report contains the Report on Operations, which by virtue of recent regulatory obligations in the area of reporting information of an ESG nature includes the Consolidated Sustainability Statement in a separate section, as well as the Consolidated Financial Statements, the Parent Company’s separate financial statements.
