Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 12 May 2025, IPTO (the Greek TSO) and Terna (the Italian national grid operator) signed a three-year Memorandum of Understanding in Rome for the GRITA 2 Italy–Greece HVDC interconnector and announced that they expect to invest approximately €1.9 billion in the 1,000 MW, ~300 km link, including about 240 km of subsea cable. The MoU establishes joint project governance and coordination of activities, including future joint tendering for cables and converter stations, framing this planned €1.9 billion outlay as the indicative project budget by the two TSOs.