Established subsidiary in Greece

• TerniEnergia Hellas M.e.p.e. will carry out “Turnkey” photovoltaic plants for leading European utilities
• The operation is part of the strategic framework  of the 2011- 2013 Business plan to achieve the internationalization process.

TerniEnergia, a Company active  in the energy field from renewable sources and listed on Star Segment of Borsa Italiana, as part of its development strategy,  finalized in Athens the setting up of the company TerniEnergia Hellas M.e.p.e. which  aims to the development, construction and operation of industrial – sized photovoltaic plants in Greece. The new company  will start its activity  with the management of working sites for the construction of two  “ turnkey” photovoltaic plants without  panels supply  and on behalf of  Special Purpose Companies (SPV) Chamolio SA and Agrilia Baka SA, both 100% owned by a leading European utility each of an installed capacity of approximately 5 MWp, as already announced to the Market on December 12, 2011.
TerniEnergia aims to acquire new orders with “EPC Contract” formula establishing also on the Hellenic market its heritage of skills in implementing the building of Photovoltaic plants  “ utility scale”  acquired by the parent company in Italy.
Mr.Paolo Ricci, engineer and Managing Director  with responsibility for development and International projects said:
 “The establishment of TerniEnergia Hellas represents an important confirmation of the internationalization strategies on EPC photovoltaic business of the Company, as provided  by 2011-2013 business Plan, presented last year at the end of September. TerniEnergia aims to achieve this goal both with the opening of  other branches abroad, as for example in South Africa, and through important industrial partnership projects  of international utility”