The investment plan of the TERNA group Energy

TERNA Energy, member of GEK TERNA Group, has reached agreement of cooperation with the investment fund Copenhagen Infrastructure Partners (CIP) for the…
financing part of the investment programme of TERNA ENERGY on the market of Renewable Energy Sources in the united states.
The first phase of the cooperation concerns the wind farm Fluvanna 1, power 155MW with wind turbines Gamesa implemented by the TERNA ENERGY in the region of Scurry County in Texas of united states. In particular, the CIP will provide funds amounting to € 61 million. dollars to cover part of the cost of development.
The total budget of this investment over 250 million. dollars. Goldman Sachs is also involved in providing capital to 150 million. at the start of operation, while during the construction period the financing needs are covered by a group of banks consisting of HSBC, NordLB, Morgan Stanley and Rabobank.
In accordance with the programming of TERNA ENERGY, the wind farm Fluvanna I will have been in operation by the end of 2017.
It is recalled that the TERNA ENERGY already operates a wind park with a capacity of 138 MW in the USA, in the area of Elmore County Idaho, while promoting and other investments in the market of RES in the united states. In this context, already planning the development of a wind park (Fluvanna (II) power of 130 MW in Texas, for which the CIP has also expressed interest in cooperation.
The total installed capacity of the Group, TERNA ENERGY now amounts to 738 MW. The Group has installed 468 MW in Greece, 138 MW in the USA, 102 MW in Poland and 30 MW in Bulgaria. At the same time, the Group has under construction or ready to build RES installations power 242 MW in Greece and abroad. Overall, the company operates, manufactures, or has been fully authorised 980 MW of RES installations in Europe and America. The objective of the company is, within the next few years, to reach the size of 1,000 MW of RES projects in operation in all countries of activity.
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