Terna Supplies 36% of Q1 Electricity Demand With Renewables
European electricity transmission system operator Terna on Thursday said renewable energy has supplied 36% of the 80 terawatt-hour national power demand in Q1, and has accounted for 42% of the company's net total production of 68 TWh.During the quarter, the company has integrated 1.6 gigawatts of renewable capacity and around 1 gigawatt-hour of storage capacity.As of March, it has validated 84 GW of renewable energy projects, a rise from the prior quarter's 79 GW. The company's fully-permitted and ready-to-build renewable projects also grew to 12 GW, versus the previous quarter's 11 GW.Terna also saw growth in energy storage segment, with validated projects as of March increasing to 63 GW from the prior quarter's 56 GW, and ready-to-build projects expanding to 8 GW from 6.8 GW.In terms of revenue, the company posted a year-over-year rise in Q1, primarily due to higher contribution from the transmission segment.The report showed that transmission sales grew by 35 million euros ($41.20 billion), more than offsetting a 2-million-euro decline in dispatching revenue.