OUTLOOK Home Investors Strategy Outlook Share We keep focusing on development of the national transmission grid in order to facilitate the integration of renewables and improve the security of the system, stepping up the pace of investment We are pursuing our strategic objectives, stepping up the pace of investment, which will focus on development of the national transmission grid in order to facilitate the integration of renewable sources and improve the security of the system. At the same time, we intend to renew the Group’s asset base in order to mitigate the risk of interruptions to supply, boost environmental sustainability and make it easier to carry out maintenance activities through the use of digital grid technologies. We continue to invest in innovation and digital solutions in order to manage the growing complexity of the system. Given the backdrop of considerable uncertainty, in consideration of the health emergency caused by the outbreak of Covid-19, which had a major impact on markets and on the Italian and global economies, we will continue nonetheless to be engaged in delivering new grid infrastructures and carry out renewable work and boosting the security of our assets, confirming Terna’s leading role for a sustainable energy transition. This will involve leveraging innovation, skills and distinctive technologies to the benefit of all stakeholders. The Covid-19 health emergency is not expected to have a significant financial impact on our group performance, given the highly regulated nature of its business. REGULATED ACTIVITIES We will continue to step up investments and to strengthen the core business. This will involve direct engagement across the country, through dialogue with all the key stakeholders, local communities, authorities and institutions. Following the Covid-19 health emergency, we are working hard to implement the action plan drawn up in order to make up for earlier delays. This will be done by bringing forward the timing of work (speeding up activities and carrying them out in parallel) and by expediting suppliers (optimising the supplier base and monitoring performance). Main projects under construction include the interconnection with France, as well as the start of work on the new SA.CO.I.3 project (strengthening the link between Sardinia, Corsica and the Italian mainland). In addition, the main projects to increase the exchange capacity between the various areas of the Italian electricity market include the Paternò-Pantano-Priolo power line and the reorganisation of electricity grids in metropolitan areas, such as Naples. NON-REGULATED ACTIVITIES In terms of non-regulated activities, we will continue to consolidate our role in: Competence-based activities, developing high value-added services for corporate customers, including energy efficiency solutions, and taking advantage of market opportunities for traditional and renewable customers. Asset-based initiatives, where we will pursue opportunities linked to connectivity, based on exploiting the Group’s own fibre infrastructure. In relation to non-regulated activities, we have identified specific steps to compensate for the slowdown in activity with the aim of mitigating the negative impact of delays caused by the Covid-19 emergency. In the last quarter of 2020, we will continue to benefit from the full integration of Brugg Cables. INTERNATIONAL ACTIVITIES For what concerns International Activities, they will continue to focus on managing and maintaining the power lines that have entered into service in Brazil and Uruguay, and on completing existing projects in Peru and Brazil. The process of scouting for further opportunities in overseas markets will continue. This may take the form of partnerships and will involve the careful selection of projects with a view to ensuring a low risk profile and avoiding the need to tie up large amounts of capital. TERNA IS THE FIRST GRID OPERATOR FOR ELECTRICITY TRANSMISSION IN EUROPE. WE PROMOTE THE ENERGY TRANSITION AND SUSTAINABLE DEVELOPMENT BY FOCUSING ON PEOPLE AND INNOVATION. We work every day to build an atmosphere of dialogue and trust in local areas, to which we bring a vital asset for everyone’s economic and social lives: electricity. > FIND OUT MORE Useful links CALENDAR GENERAL ARCHIVE CERT REAL ESTATE ASSETS ACCESSIBILITY PRIVACY COOKIE DECLARATION LEGAL NOTICE INSERT CV Portals PURCHASES SUPPLIERS QUALIFICATION GAUDI GSTAT ENERGY DISTRIBUTORS MY TERNA TITOLARI RTN OUR SITES: OPEN AND TRANSPARENT SETTLEMENT CERTIFICATION WHISTLEBLOWING TERNA PLUS TERNA S.p.A. - Capitale sociale € 442.198.240 interamente versato - Sede Legale in Italia, Viale Egidio Galbani, 70 - 00156 Roma - Tel +39 06 83138111 Registro delle Imprese di Roma - Codice fiscale e Partita IVA 05779661007 - R.E.A. di Roma 922416