Terna Energy starts building 10.8 MW wind park in central Greece

Infrastructure works began on the construction of Terna Energy’s wind power plant, which will be part of a 67 MW complex in the Eyrytania area. The company has a EUR 1.5 billion program for investment in renewables and it just raised 68.5 million in capital.

Terna Energy launched the construction of a wind park in a mountain in Eyrytania, with road access from the Karditsa regional unit, Thessalia Economy reported. The 10.8 MW project in central Greece consists of three turbines.

Works include building access roads, internal roads and the medium voltage network in the municipalities of Makrakomi in Phthiotis, Karpenissi in Eyrytania and Sofades in Karditsa.

The 10.8 MW project will have three turbines

In other news, Terna Energy just raised EUR 68.5 million from four investors. It said it issued 6.23 million shares for “significant investments in clean energy production and storage” and environmental protection in the domestic market and that the approval should be obtained at the extraordinary general meeting on September 1. The utility intended to raise EUR 50.1 million.

The offering was oversubscribed, documents showed. Anavio Capital Partners, Blackrock, Kayne Anderson Capital Advisors and Impax Asset Management invested in the company.

Anavio, Blackrock, Kayne Anderson and Impax invested a combined EUR 68.5 million in Terna’s capital increase

Chairman George Peristeris said the move would strengthen the group’s equity position and optimize its capital structure.

The Pikrovouni wind park is one of four parts of Terna Energy’s planned 67 MW complex in Eyrytania. The company has a EUR 1.5 billion investment program for projects such as pumped storage hydropower units in Amari in Crete and in Amfilochia. It is also developing three wind farms with a total capacity of 47.6 MW in the island of Euboea (Evia) and a wind power plant of 30 MW in Taratsa in Boeotia.