The president of TERNA Energeiaki, George Peristeris, characterizes the detoxification from the imported energy and the massive shift in RES as one way.
“International developments and their impact on the global and domestic energy market, come to confirm – unfortunately in a painful way – what we have consistently argued for years now about the need for rapid recovery of our country from imported energy and accelerating investment in domestic “Renewable Energy Sources, both for reasons of national and energy security, as well as for economic reasons, in addition to the critical issue of climate disaster”, says Mr. Peristeris in a statement on the occasion of the announcement of the company’s financial results and adds:
“Our country has the ability – even now – by accelerating the ongoing investments in the production and storage of clean energy and electricity interconnections to ensure its energy efficiency and self-sufficiency and low energy prices for all, households and businesses.
It is now clear that RES are not just throwing away, but are slashing energy costs. It is also clear worldwide that the only solution to remove the impasse, caused exclusively by geopolitical factors, is the massive shift to RES and to this end we have been systematically preparing and moving dynamically as a Group for 25 years for the benefit of shares. us, but also our country.
The great investment interest recorded internationally in the RES sector is another proof of the correctness of what we support.
TERNA ENERGIAKI is the largest Greek RES company and stars with new investments, setting even higher goals for the future. ”
At 6.4 GW the installed capacity until 2029
The development of the TERNA ENERGY Group continues dynamically and its investment program is evolving at an intensive pace.
The Group’s goal is for its total installed capacity to reach 6.4 GW within the next seven years.
In this context, the development of new wind and photovoltaic parks with a total capacity of about 4 GW is planned (the Group has been placed in time in the market of marine wind farms, where in a joint venture with OCEAN WINDS it plans to develop parks in the Greek seas).
At the same time, hydroelectric parks and pumping storage projects with a total capacity of 1.25 GW are developed and designed, while storage projects of other technologies (biogas, biomass, etc.) are also promoted. with a total power of approximately 0.25 GW.
Basic financial figures for the year 2021
The consolidated results of TERNA ENERGY in 2021 were as follows:
Consolidated sales amounted to 405.4 million euros, compared to 248.7 million euros in 2020.
The pre-tax profits, by incorporating the loss into the US, amounted to 4.4 million euros, compared to 89.6 million euros in 2020. The burden of consolidated financial results of 94 million euros corresponds to the result of the divestment of the three wind farms in Texas, USA, as it has been announced. and in previous announcements. It is emphasized once again that the loss from this divestment is a non-recurring event.
The adjusted net profitie the profitability of all the Group’s activities (electricity generation, cross-border electricity trading, construction activity and concessions – PPPs) in all operating countries except the USA, amounted to 69 million euros, compared to 58.4 million euros in 2020 .
THE net loan position1 of the Group (borrowing less cash) at the end of 2021, amounted to 528 million euros compared to 491.4 million euros in the third quarter of 2021.
1 The alternative measures of EDMA measurement were determined as in note 6 of the Annual Financial Report for the period 01/01 / 2021-31 / 12/2021.
Source: Capital
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