According to the EIB, the project will finance a submarine direct current high-voltage cable connecting the Marche and Abruzzo regions.

The aim is to improve the reliability and security of the network while strengthening renewable generation production capacity along other onshore investments.
The project will contribute to EIB's climate action and environmental sustainability objectives, in particular to climate mitigation, as well as to to the REPowerEU plan.
Additionally, it will be implemented in cohesion transition regions.

The project is a submarine direct current high-voltage cable connecting the Marche and Abruzzo regions. The Project contributes to addressing multiple market failures, with significant impacts and net economic benefits for Italy and for the Marche and Abruzzo regions, which are "Cohesion Regions". The Project contributes to the REPowerEU initiative of the Bank.

Thanks to the Project, the Country can progress towards its energy and climate plans faster and achieve a more cost-effective decarbonisation and energy transition. The project will increase the transmission capacity between market zones and will support the integration of higher volumes of renewable generation. As a result, the project has an excellent economic rate of return and broader social benefits. The high quality of the results of the Project is underpinned by significant experience and competence of the Promoter with the development and operation of this type of infrastructure.

According to the EIB, the project will run across coastal and marine areas and may result in temporary or permanent impacts on the terrestrial and marine environment through habitat damage or loss, noise, chemical pollution, waste generation, temporary land occupation, dust emissions, heat and electromagnetic field emissions. The level of appropriate mitigation measures to minimise potential impacts will be verified at appraisal.
In case of Natura 2000 areas affected, the due diligence will focus on verifying that Authority decisions are duly considered in the implementation of the project. In particular, no marine Natura 2000 areas are affected. The EIB's Environmental and Social due-diligence will focus on the review of the project's assessments under the Habitats and Water Framework Directives, as applicable, as well as the associated feedbacks from competent authorities.

As stated by Bloomberg, Terna - Rete Elettrica Nazionale SpA transmits electricity over the high-voltage and extra-high voltage grid in Italy. Through subsidiaries, the Company owns a substantial share of the national electricity transmission grid.

No project contacts provided at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

ACCOUNTABILITY MECHANISM OF EIB

The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address: complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf

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