The European Investment Bank (EIB), SACE, and Intesa Sanpaolo have collectively committed €1.5 billion to support Terna’s Adriatic Link project. This strategic submarine power line will connect Italy’s Marche and Abruzzo regions as part of the National Integrated Plan for Energy and Climate.
The financing package includes a €750 million loan from the EIB, a €500 million credit line from Intesa Sanpaolo, and an additional €250 million loan from Intesa Sanpaolo with indirect EIB funding. All transactions are backed by SACE’s Archimede Guarantee exceeding €1 billion.
On July 10, 2025, agreements were signed in Rome by representatives including EIB Group President Nadia Calviño, EIB Vice-President Gelsomina Vigliotti, Terna CEO Giuseppina Di Foggia, SACE CEO Alessandra Ricci, and Riccardo Dutto from Intesa Sanpaolo’s IMI Corporate and Investment Banking Division.
The project aims to enhance energy exchange in central Italy while integrating renewable energy sources. The high-voltage direct current line will span 251 km, mostly underwater at depths up to 100 meters. It is designed to minimize regional impact while contributing positively to local economic development.
EIB Group President Nadia Calviño stated that the investment would boost stability in Italy’s energy market. EIB Vice-President Gelsomina Vigliotti emphasized the bank’s role in mobilizing resources for Europe’s energy transition.
Terna CEO Giuseppina Di Foggia highlighted the project’s importance for modernizing Italy’s power grids and promoting renewable energy integration. Mauro Micillo of Intesa Sanpaolo expressed confidence in public-private cooperation for sustainable infrastructure development.
SACE CEO Alessandra Ricci underscored the significance of the agreement for supporting innovation towards a sustainable future in Italy’s energy system.
