Photovoltaic plants for a total power of 19.5 MWp completed at the end of the third quarter 2010 industrial targets exceeded

  • The installation of 19 Mwp is scheduled for the fourth quarter of 2010, 4 MWp of which are for JVs
  • The diversification strategy relating to the Power Generation has been speeded up through the construction of Full Equity plants, totally belonging to the Company and for a total power of 2 MWp

During the third quarter of 2010, TerniEnergia, a company operating in the renewable energy sector, listed on MTA market of Borsa Italiana, completed the construction of 18 new industrial sized photovoltaic plants, for a total installed capacity amounting to 19.5 MWp. Notably, 6.8 MWp are for equally owned joint ventures (5.8 MWp of which are for joint venture with EDF EN Italia), while the remaining MWp have been performed on behalf of third parties clients. The new plants are placed in the following regions: Puglia, Umbria, Marche, Veneto, Piemonte and Lazio.

As a matter of fact, during the first nine months of 2010, the total number of plants increased up to 44, for a total installed power equal to 43.7 MWp, 22.4 MWp of which are for joint ventures and the remaining MWp are for third parties clients.

As at September 30, 2010 the total number of built plants rises to 172 for an aggregate power equal to 83.7 MWp, 42.2 MWp of which are for joint venture companies in the context of Power Generation activity. The industrial results obtained in the third quarter of 2010 confirm the excellent trend of the management and the significant increase of the activity if compared to the results as at 2009 (during the third quarter of 2009, 10 photovoltaic plants for a total power of 10,5 MWp were installed, 6,7 MWp of which on behalf of joint venture companies).

Thanks to the completion of 18 new plants, the Company reached one quarter early the industrial targets that it intended to achieve within the whole year 2010.

Furthermore, TerniEnergia announces its program to open new working sites for installing industrial sized photovoltaic plants for a total power amounting to approximately 19 MWp during the fourth quarter of 2010.

13 MWp shall be performed on behalf of third parties clients, 4MWp shall be for equally owned joint ventures (mostly with EDF EN Italia), while the remaining 2 MWp shall be performed autonomously by the Company in the way of a diversification in Power Generation sector, by means of Full Equity plants, wholly belonging to the same Company.