The company, which is working on a €65 million (£58million/ $70.5million) Livigno-Premadio connection that will improve the resilience of the Lombardy grid upon which the Games will demand, has had 29 projects involving more than €2.5 billion (£2.2billion/$2.7billion) in investments approved in 2022 by the Italian Ministry of the Environment and Energy Security and regional councils.

After exceeding the €1 billion (£0.9billion/$1.09billion) in approved investments in 2021 for the first time in history, the company led by Stefano Donnarumma achieved a new record in 2022, more than doubling the figure for the previous year and increasing the 2020 number of €266 million (£236million/$288million) tenfold, industry newsletter marketscreener reported.

Getting the green light for the eastern branch of the Tyrrhenian Link was the biggest factor in achieving the results for Terna.

This stretch of undersea power line, worth more than €1.9 billion (£0.97 billion/$1.18 billion), will connect Campania and Sicily.

Continued collaboration between Terna and the Italian Ministries and regions has made it possible to achieve unexpected results, accelerating the normal times for approval procedures and administrative paperwork.

With seven approved projects out of 29 decrees issued (24 from the Italian Ministry of the Environment and Energy Security and five from regional councils), the Lombardy Region has the highest number of new projects.

Next is Campania, with five projects, and then Sicily and Autonomous Province of Bolzano, with four.