A significant agreement for the energy sector
Terna, leader in the management of the Italian electricity grid, has recently signed a strategic agreement with Areti S.p.A., a subsidiary of Acea S.p.A. This transaction involves the acquisition of 100% of a new corporate vehicle that will include part of Areti’s high-voltage infrastructure in the metropolitan area of Rome. This step represents an important evolution in the Italian energy landscape, with the aim of improving the efficiency and sustainability of the electricity grid.
Details of the operation
The perimeter of the operation includes 73 high-voltage power lines, spread over about 481 km of network, and the high-voltage components of three primary cabins. These infrastructures are essential to guarantee a reliable and quality electrical service for Roman citizens. In addition, the fiber optic network associated with the lines will be used to monitor the National Electric Transmission Network, thus contributing to a more intelligent and responsive management of energy resources
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Evaluation and future impacts
The transaction is valued at approximately 224 million euros, based on an estimated asset value of 203 million euros by the end of 2024. This agreement includes a 10% premium on the provisional Regulated Asset Base (RAB), an aspect that highlights Terna’s confidence in the growth potential of the acquired infrastructures. In addition, the agreement provides for adjustments related to the future confirmation of RAB 2024 and to Areti’s investments until the closing scheduled for the first half of 2025. These developments will not only improve the electricity grid, but will also contribute to greater environmental sustainability and a reduction in carbon emissions
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