Terna Energy S.A.

http://www.terna-energy.com

TERNA ENERGY SA (hereafter TERNA ENERGY) is a vertically organised Renewable Energy Sources company undertaking the Development, Construction, Financing and Operation of renewable energy projects.  TERNA ENERGY, with a strong pipeline of around 8,000MW of RES projects  in operation, under construction or in an advanced stage of development, has a leadership position in Greece and South East Europe, with a footprint in Central Europe, Middle East and North Africa, as well as in North and South America.  TERNA ENERGY is active in a portfolio of technologies with a strong position in wind, hydro, solar, geothermal and waste to energy technologies.  TERNA ENERGY is also active internationally as a shareholder of the Desertec Industrial Initiative (Dii) and a corporate member of the European Renewable Energy Federation (EREF), among others.  TERNA ENERGY is an IPP and Developer of Renewable Energy Projects with capacity that extends from site investigation and assessment of available renewable energy potential, to the design, licensing construction, as well as the operation, maintenance and commerical exploitation of RES projects.  TERNA ENERGY, being a member of the GEK TERNA GROUP, enjoys strong synergies from the GROUP’s presence in South East Europe, Middle East and North Africa in construction, concessions, real estate, industrial production, as well as thermoelectric stations and cogeneration units.  In addition, TERNA ENERGY also undertakes the construction of energy projects as an EPC Contractor in the Private and Public Works sector.

History

TERNA ENERGY S.A. was incorporated in 1997 as a subsidiary of TERNA S.A. and as member of the GEK TERNA GROUP of companies, to undertake the development of RES generation activities, in light of the business opportunities arising from the Kyoto Protocol and the subsequent EU and national legislation prioritize increased reliance on RES-generated electricity.  The first wind park entered into operation in 2000, with an installed capacity of 11.22MW.  In the following years, the installed capacity of our wind parks increased rapidly as we continued to expand our wind park portfolio.  In 2004, we began exploring opportunities in RES markets outside of Greece and began the process of identifying suitable sites for wind projects, principally in the Balkans and then in Central Europe in 2005.  We began diversifying into different RES segments by starting the construction of the first two small hydroelectric plants in 2006.  In 2007 following an IPO the company was listed in the Athens Stock Exchange.  In 2011 we started the operation of our wind parks in Poland of 32MW and we obtained production licenses for our first wind parks in the USA of 178MW.  During the same year, we completed construction of our first wind parks in Bulgaria of 30MW.