TERNIENERGIA: Completed in the IV quarter 2011 3 photovoltaic plants for a total capacity of 5,8 MWp
· In advanced stage of completion a photovoltaic plant of 4,8 MWp in Greece
TerniEnergia, a company operating in the renewable Energy sector and listed on Star Segment of Borsa Italiana, completed in the fourth quarter of 2011 the building of 3 new industrial sized photovoltaic plants, for a total installed capacity equal to 5,8 MWp. Plants are located in Marche, Puglia and Sicilia, and they were performed for third parties without panels supply.
Therefore the total number of installed plants during the year 2011 increased up to 41 with a total installed capacity equal to 75,5 MWp (10,4 MWp of which performed “full equity”, 12,8 MWp performed for joint venture and the remaining were performed for third parties).
Recorded industrial results of the fourth quarter 2011 confirm the excellent performance of the industrial management, even in a changed macroeconomic scenario and with a new incentive system following the approval of the Fourth Energy Bill. It shall be highlighted the increase in average power of installed plants (1,75 MWp during the year 2011 compared to 0,98 MWp during the year 2010) and it should be pointed out how the Company, in a phase of considerable normative uncertainty, has pursued the enhancement of Power Generation activity, also through the production of plants in “full equity” and with a use of massive investment aimed to support this important production line and revenues.
The total number of plants built by TerniEnergia from the beginning of its activity until December 31st, 2011 increased to no. 245 for a total aggregate capacity equal to 192,7 MWp ( 10,4 MWp of which performed in “full equity” and 62,1 MWp were performed for joint venture for Power Generation activity). With reference to 10.4 MWp performed in “full equity”, 3 MWp were sold to other companies, the remaining 7.4 MWp remained in full ownership of the Company.
TerniEnergia announces also that an industrial sized photovoltaic plant for a total installed capacity of 4,8 MWp in Greece is in an advanced stage of completion.
Stefano Neri, Chairman and Managing Director of TerniEnergia, commented as follows:“
We are deeply satisfied with the industrial results achieved during a year affected by the sudden cancellation of the Third Energy Bill performed by the government, by a long period of normative uncertainty and by the revision of the incentive system. Thanks to the good production performance, TerniEnergia maintained an excellent balance sheet also just in concluded the financial year. In 2011, moreover, the Company anticipated the entry into the segment of the Energy Efficiency with the aim to gain a leadership position in Italy, through the acquisition of Lucos Alternative Energies, and started activities for the construction of photovoltaic plants abroad, strengthening partnerships with Italian and European utilities. The obtained results allow to confirm the objective to the Board of Directors and propose to Shareholder’s Meeting to maintain the dividend unchanged in the year 2011 compared to 2010 in absolute value, to Euro 0.19 per share. Finally, in addition to this, is combining a good visibility for the beginning of 2012 with the building already started of important photovoltaic plants”.
