Terna Energy
Native name | ΤΕΡΝΑ Ενεργειακή |
|---|---|
| Company type | Public |
| Athex: TENERGY | |
| Industry | Energy, Construction |
| Founded | 1997 |
| Headquarters | Athens, Greece |
Area served | Greece |
Key people | |
| Products | Energy Construction Concessions Waste management Mining Real Estate |
| Revenue | €328.09 million (2020[1]) |
| €124.53 million (2020[2]) | |
| €73.38 million (2020[3]) | |
| Total assets | €1.974 billion (2020[4]) |
| Total equity | €495.66 million (2020[5]) |
| Parent | Masdar |
| Website | www |
Terna Energy (Greek: ΤΕΡΝΑ Ενεργειακή) is a Greek renewable energy company that is listed on the Athens Exchange.[6]
Until 2024, it was a subsidiary of Greek conglomerate GEK Terna, which through its subsidiary Heron S.A. is as well involved in the construction and operation of thermoelectric power generation fuelled with natural gas. However, the company produces energy exclusively from renewable energy sources, including wind farms and small hydroelectric plants.
It also constructs renewable energy plants and integrated process units for the overall management and energy utilization of wastes and biomass.
History
[edit]The company was incorporated in 1997 as a subsidiary of Terna, which in 1999 merged with GEK to form Greece's largest conglomerate. The Athens-based company has been listed at the Athens Exchange since 2009 and belongs to the 25 companies forming the FTSE/Athex Large Cap index.[6] In 2013, U.S. investment firm York Capital Magagement bought a 10% share of parent company GEK Terna and another 3% share of Terna Energy.[7]
In November 2024, it was announced that Masdar had completed the purchase of a 70% stake in Terna Energy for $3.3 billion.[8]
See also
[edit]
References
[edit]- ^ "Financial Statements".
- ^ "Financial Statements".
- ^ "Financial Statements".
- ^ "Financial Statements".
- ^ "Financial Statements".
- ^ a b "Company profile: Terna Energy". Athens Exchange. Retrieved 21 December 2015.
- ^ "US fund to invest 100 mln euros in Greece's GEK Terna". Reuters. 4 November 2013. Retrieved 21 December 2015.
- ^ "Masdar completes $3.3bn Terna Energy acquisition". Yahoo! Finance. Retrieved 2024-12-13.
Sources
[edit]- "Annual Financial Report 2014" (PDF). Terna Energy.
External links
[edit]- Official website
(in English and Greek)
- Renewable energy companies of Greece
- Construction and civil engineering companies of Greece
- Companies based in Athens
- Energy companies established in 1997
- Renewable resource companies established in 1997
- Companies listed on the Athens Exchange
- Companies in the FTSE/Athex Large Cap
- Greek brands
- Greek companies established in 1997
- 2024 mergers and acquisitions