Renewables

Terna Energy to invest EUR 250 million in renewables in Greece

Greece

Photo: Viotia wind farm (terna)

Published

October 28, 2019

Country

Comments

0

Share

Published:

October 28, 2019

Country:

Comments:

0

Share

Greek energy group Terna Energy has announced EUR 250 million in new investments in renewable energy sources in Greece.

Continuing its investment program in Greece, Terna is implementing new investments of more than EUR 250 million in the clean energy production sector, the company has said on its website.

In 2019 the company began its investment of EUR 150 million in Evoia, with the implementation of nine wind farms with a total capacity of 121 MW. The project is expected to be gradually completed in the first half of 2020.

The company is in the late stages of additional EUR 800 million in investments

At the same time, through recent tenders in the renewables’ market, Terna has secured additional new projects in Central Greece, where new wind farms with a total capacity of 96.6 MW will be constructed. The total budget exceeds EUR 104 million while the construction of the wind farms will begin in the coming months and is expected to be completed between 2021-2022.

George Peristeris, Chairman of Terna, has said the company hopes that soon the institutional interventions that are now pending will be finally implemented, in order to allow additional investments of EUR 800 million in the field of pumped energy storage. These investments are ready for immediate implementation, Peristeris said.

In September, Terna Energy said that the 158 MW Gopher Creek (Fluvanna 2) wind farm in Borden County, Texas, has commenced commercial operation while all the procedures for the acquisition of the Bearkat wind farm in Glasscock County, Texas have been successfully completed.

In August, Terna secured EUR 117 million in non-recourse refinancing for the 73.2 MW Aghios Georgios wind farm, largest in Greece.

Overall, the company operates, is constructing or has fully licensed 1,512 MW of renewables power plants in Europe and the US. The total installed capacity of the Group amounts to 1,390 MW.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Greece remains world most attractive renewable energy markets

Greece remains among world’s most attractive renewable energy markets

29 November 2022 - EY kept Greece and Turkey in its Renewable Energy Country Attractiveness Index of 40 countries. In another ranking, Greece is second in the world!

romania popescu minister power storage battery

Romania to grant EUR 103.5 million for battery storage projects

29 November 2022 - The Government of Romania has launched a public call for EUR 103.5 million in grants for investments in electricity storage capacities

EU heavily dependent on solar panels, wind turbines imports Eurostat

EU green technology imports twice as high as exports – Eurostat

29 November 2022 - Buyers in the European Union spent EUR 15.2 billion last year on solar panels, wind turbines, and liquid biofuels from abroad

Coal regions Western Balkans Ukraine funds just transition

Coal regions in Western Balkans and Ukraine lack dedicated funds for just transition

29 November 2022 - The Initiative for Coal Regions in Transition in the Western Balkans and Ukraine held an annual meeting in Brussels