TerniEnergia, a company active in the renewable energy sector, energy efficiency and waste management, listed on Star segment of Borsa Italiana, as a part of its development strategy and business internationalization has completed the establishment of TerniEnergia South Africa Ltd in Cape Town (RSA), a 100% subsidiary.
The South African subsidiary will operate with maximum efficiency in carrying out the substantial program of activities in which the Group expects to develop in South Africa and neighboring countries, considered to be strategic in terms of tendency for growth business related to renewable energy and environment.
In particular, TerniEnergia South Africa will be involved in this first phase in the construction, as EPC contractor for primary European utility, of a photovoltaic plant at the airport of Upington, with a total capacity of 9.5 MWp, that will be connected to the grid by the end of October 2013. The company was also deeply involved in the preparation of technical and financial offers (as EPC and O&M contractor) to develop 7 projects for new plants, with a total capacity of 280 MWp.
The subsidiary was also involved in preparatory activities to the develop new projects both in the energy sector, through the creation of additional photovoltaic palnts, both in the environmental sector, through the possible implementation of activities in the “circular economy” (material recovery), also in neighboring countries.
