A €500 million financing agreement has been initiated to modernize and expand Areti’s electricity infrastructure, the main provider of Rome and Formello’s electric grid network and a wholly-owned subsidiary of ACEA Group. The European Investment Bank (EIB), Cassa Depositi e Prestiti Contact online >>
A €500 million financing agreement has been initiated to modernize and expand Areti’s electricity infrastructure, the main provider of Rome and Formello’s electric grid network and a wholly-owned subsidiary of ACEA Group. The European Investment Bank (EIB), Cassa Depositi e Prestiti (CDP), and SACE have co-financed the first tranche of this multi-million project, set to enhance the network’s resilience, efficiency, and integration with renewable energy sources in line with the EU’s REPowerEU objectives.
The project’s primary goal is to support Areti’s ambitious plans for infrastructure modernization through digitization and automation of Rome''s low- and medium-voltage networks. On October 28, agreements were signed in Rome for an initial €320 million financing package, including €200 million directly from the EIB, with 70% backed by SACE’s Archimede Guarantee, and €120 million facilitated by CDP through EIB funding. A second tranche of €180 million is expected in 2025 to complete the financing for Areti’s five-year investment plan.
Smart Grid Development: Strengthen grid intelligence with real-time dynamic management, supported by the rollout of 2G smart meters, and enable large-scale demand response through AI and IoT technology.
This substantial investment aligns with REPowerEU’s mission to reduce fossil fuel dependency and accelerate green energy integration across the continent. The intervention will enhance Rome’s electricity infrastructure, enabling a more resilient grid capable of supporting Italy’s transition to renewable energy and contributing to a sustainable urban environment.
ACEA’s CEO Fabrizio Palermo expressed the strategic importance of these agreements, noting the pivotal role the funding will play in strengthening Italy’s infrastructure resilience through modern technologies. “The agreements signed today with EIB, CDP, and SACE validate the strategic importance of the investments ACEA has planned. The new technologies integrated into these upgrades will provide the infrastructure with the necessary flexibility and resilience to meet future demands,” Palermo remarked.
EIB Vice President Gelsomina Vigliotti underscored the Bank''s commitment to supporting REPowerEU''s energy objectives, announcing an additional €45 billion in financing through 2027 to further bolster Europe’s energy transition. “Modernizing electricity infrastructure is crucial to creating an efficient, resilient grid that supports the integration of renewable energy sources,” Vigliotti added.
CDP CEO Dario Scannapieco highlighted the enduring partnership with EIB and SACE, emphasizing CDP’s ongoing role in supporting high-impact infrastructure initiatives across Italy. “Thanks to close collaboration with European institutions, CDP continues to support strategic investments in Italian infrastructure, totaling nearly €13 billion to date,” Scannapieco commented.
SACE’s CEO Alessandra Ricci reinforced the role of SACE’s Archimede Guarantee in facilitating ACEA’s expansion of electric infrastructure. “SACE remains dedicated to supporting projects that enhance Italy’s competitiveness, as demonstrated in this transformative project. Our partnerships with EIB and CDP aim to achieve tangible benefits for the Italian economy and beyond,” Ricci said.
As Rome''s electric grid transforms with cutting-edge upgrades, this project underscores the strategic role of PDBs and institutional investors in meeting Italy''s and Europe’s energy resilience and green transition goals, showcasing a model for future energy infrastructure projects across the EU.
The European Commission will lay out a €584 billion ($637 billion) plan to overhaul the region''s power grids so they''re ready to handle the expected influx of electricity from renewable sources.
The bloc''s executive branch will announce next week its vision to spur investments in the backbone of the energy transition, particularly in cross-border connections to better integrate offshore renewable power, according to a draft document seen by Bloomberg News. The plan contains a pledge to accelerate permitting and a call for new financing instruments, including from the European Investment Bank.
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The Africa programme analyses the geopolitics of the Africa-Europe relationship. In particular, the programme delves into relations between the African Union and the European Union to find creative foreign policy tools and strategies. It also focuses on two regions that are particularly relevant for Europe: the Horn of Africa and the Sahel.
The Asia programme seeks to help Europe recalibrate its relationship with China and its Asian partners. The programme analyses China’s domestic situation, its role in the region, and its increasing global influence. It also places a renewed emphasis on fostering Europe’s relationships with the Indo-Pacific, especially India and Japan.
The European Power programme is focused on helping Europeans develop sustainable policy solutions to the issues affecting the European Union’s capacity to act with unity on the global scene. This includes analysing the path forward for enlargement, the energy transition, and European support for Ukraine.
The Middle East and North Africa programme seeks to support a coherent European agenda in pursuit of regional interests. The programme works with European and regional governments, local voices, and civil society to advance channels of dialogue as well as providing direct policy prescriptions to secure conflict de-escalation, regional stabilisation, and democratic transition.
The US programme helps Europeans create policy responses to developments in US domestic politics and foreign policy. The programme seeks to strengthen transatlantic relations by exploring the obstacles to a more balanced partnership and developing ideas to overcome them.
The Wider Europe programme aims to help the European Union defend its interests and values in the Western Balkans, Turkey, Russia, and eastern Europe, as well as the South Caucasus and central Asia. The programme also supports EU decision-makers work on a unified and coherent policy to address the challenges resulting from Russia’s full scale-invasion of Ukraine.
Currently, the EU is spending around €23 billion per year on the expansion of electricity distribution networks, with approximately 141 projects regarding transmission networks underway in both the EU and in cooperation between the EU and third countries. The bloc has also planned to increase the length of transmission lines by 20 per cent and distribution grids by 6.7 per cent by 2030.
Currently, Europe’s cross-border exchange capacity is expected to be at 136 GW by 2030, but the system is estimated to need between 148 and 187 GW to avoid such issues. Of the 141 existing projects on transmission networks, some concern the expansion of connections between member states. The key issue is that they are completed on time. So far, out of 50 cross-border projects between EU countries, only 5 are under construction, 15 are in permitting and 9 are in preliminary planning. As many as 21 projects are still in the under-consideration phase of Form
But, of the 38 cross-border projects implemented in cooperation between member states and third countries, only 3 are in the construction phase, 12 in permitting, four in the planning phase, and as many as 19 under consideration.
Going forward, the EU must place added emphasis on speeding-up its cross border connection projects, both within the EU and with third countries, to safeguard against shortages in domestic electricity production and increase access to renewable energy sources.
The EU must place added emphasis on speeding-up its cross border connection projects, both within the EU and with third countries, to safeguard against shortages in domestic electricity production and increase access to renewable energy sources
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