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TERNA Energy: EBITDA over € 700 million from the 6.4 GW projects in 2029

“TERNA Energy is the undisputed leader in Renewable Energy Sources in Greece, having all the guarantees to become one of the largest RES Groups at European level.” With this phrase, o President of TERNA Energy, Mr. George Peristerisgave the stigma of the intentions of the Management, during today’s investment day organized by the company.

The upgraded target of 6.4 GW of installed capacity by 2029, reflects estimated EBITDA over 700 million euros (from 162 million euros in 2021) and revenues over 1.25 billion euros (from 405 million euros in 2021 ).

Regarding the priorities of the investment plan, TERNA Energy will invest over 2.3 billion euros in the next 4 years, so that by 2025 it has acquired an additional installed capacity of 2.4 GW, a goal that the company considers that it is secured, taking into account that there are currently 1.5 GW projects in an advanced stage of implementation or under construction. With these data by 2025 TERNA Energy will have exceeded 3 GW of total installed capacity.

Respectively in the period 2026-2029 TERNA Energy will add additional projects with an installed capacity of 3.1 GW, through investments of 3.6 billion euros, creating one of the largest clean energy portfolios in Southeastern Europe.

As for the projects that stand out, the flagship of TERNA Energy in wind farms is Kafireas in Evia, which will be the largest wind farm in Greece, with a total installed capacity of 330 MW and which is expected to be partially operational by the end of 2022-early 2023.

In photovoltaics, TERNA Energeiaki is preparing to develop one of the largest parks in Greece with an installed capacity of 470 MW in Thessaly.

At the same time, in the promising sector of energy storage and hybrid RES projects, TERNA Energeiaki starred in the 680 MW pumping and storage project of Amfilochia and the largest hybrid project in Europe that will combine wind energy and pumped storage with a total capacity of 15 .

The company presents a consistent positive course both in terms of operation and development, with the installed power, the energy produced, the revenues and the EBITDA are constantly increasing.

In addition, TERNA Energeiaki returns a stable value to its shareholders by showing an increase in the share price of 370% in the last five years and having distributed to the shareholders a total of 176 million euros in the same period, while it is characteristic that the investment plan of 2.3 billion by 2025 is not only guaranteed, but also provides for the parallel continuation of dividend distribution at the usual high levels of about 40 million euros per year.

The company’s portfolio includes high quality projects, diversified technologies and secured funds, which produce guaranteed cash flows and are supported by long-term contracts.

Of the 895 MW of installed capacity, 763 MW are in Greece, while there are another 11 GW available at various stages of development.

In addition, as mentioned in the presentation, the prospects for Renewable Sources in Greece by 2030 appear particularly positive as it is expected to accelerate the green transition with the goal of RES and Energy Storage at 30 GW of installed capacity. In addition to the development of floating wind farms, the target for 2030 is set at 2 GW, while the new institutional framework for Energy Storage (Pump Storage and Batteries) sets the target for 2030 at 5 GW.

However, development opportunities are presented in the neighboring countries as well, with TERNA Energeiaki estimating that there are margins for the company to develop projects with a total installed capacity of more than 1 GW in countries such as Poland, Romania, Albania and Bulgaria.

Among the comparative advantages of TERNA Energeiaki, is the fact that it is a fully vertical company with an internal laboratory of energy measurements and development, specialized unit of regulatory and licensing issues, strong construction and operational arm, as well as the largest SOPoreE Soreftiki. ), Optimus Energy, which is the first energy company established in Greece with the aim of providing integrated representation and financial optimization services to Renewable Energy Producers (RES) in the Greek wholesale electricity market, which has secured a market share of 50%.

It is worth noting that in addition to the leading position of TERNA Energy in RES, the company has a significant presence in the growing field of waste management, already having long-term contracts (via PPPs) with the Regions of Epirus and Peloponnese, while also operating in Metafiki. such as the Passenger Transport Electronic Ticket and Ultra-High Speed ​​Broadband Networks (UFBB).

Answering relevant questions of analysts and investors, the President of TERNA Energy, Mr. George Peristeris, noted that “TERNA Energy is not a patchwork of assets – no matter how profitable they are – but a complete platform of Renewable Energy Sources which to utilize to the maximum of their potential they must be supplemented by Energy Storage – especially through pumped storage “. Asked about possible opportunities from the current developments in the international energy market with the Russia-Ukraine war, Mr. Peristeris noted that “A war can never be treated as a humanitarian opportunity. And it is also sad that a war was needed to confirm this. which for years should have been self-evident, that Renewable Energy Sources are the only viable answer to energy issues “.

Source: Capital

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