G. Peristeris: There is interest in TERNA Energy but nothing can be announced

By Harry Floudopoulos

This is not the first time that there is interest from serious investment funds for TERNA Energy, said recently the head of the company George Peristeris, in the context of the regular General Meeting of the company’s shareholders. There are such interests this year as well, but there is nothing to announce or interest for the investing public. When there will be, we will announce it, said Mr. Peristeris.

Making a brief reference to the company’s plans, Mr. Peristeris stressed that the goal of TERNA Energy remains as announced at the investors’ meeting, the achievement of projects of 6500MW of installed capacity by 2029, of all technologies. It is not something vague, these are projects named, in specific positions, with research and studies but also with secured funding, for investments that will reach 2.5 billion. euro. We will achieve them by utilizing the know-how that has been developed by the company’s executives and the trust of the financiers, said Mr. Peristeris.

He added that consistent with the policy of TERNA Energy will be paid a dividend of 40 million euros, or 0.34 euros per share, which expressed the hope that it will increase in the future without affecting the investment program.

Commenting on the current situation and the situation that prevails in general, Mr. Peristeris spoke about a tragic war with consequences for Europe, especially for the energy sector, where we saw energy bills skyrocket. The increase in energy prices that preceded six months before the war and due to geopolitical reasons confirms that we had to move faster to energy independence with RES, Energy Storage and Interconnections, Mr. Peristeris underlined. He said it was not the first time the world was facing an energy crisis and high prices, as had happened in the 1970s, 1980s and 2000s. for consumers in addition to the environmental benefits of climate change.

Mr. Peristeris expressed the hope that the State will finally be committed to the development of RES, Storage and Interconnections and to achieve what we need. He even cited as an example the market of offshore wind farms where from 2009 to 2010 there was intense interest from 10 serious interested investors, with capital adequacy. Then the government abruptly stopped everything in order to make an “excellent” framework. Nothing has changed since then, the excellent framework does not exist and not a single park has been installed while 1000MW could have been installed. This was wrong, the state could give way to the interest by letting things develop and until we get the perfect framework to install 500 to 1000MW.

Finally, it is noted that the General Assembly approved all the items on the agenda.