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Terna Energy

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(Redirected from Terna Energy SA) This article is about the Greek energy company. For the Italian company, see Terna Group.
Terna Energy S.A.
Native nameΤΕΡΝΑ Ενεργειακή
Company typePublic
Traded asAthex: TENERGY
IndustryEnergy, Construction
Founded1997; 28 years ago (1997)
HeadquartersAthens, Greece
Area servedGreece
Key people
  • Giorgos Peristeris (Chairman)
  • Emmanuel Maragoudakis (CEO)
ProductsEnergy
Construction
Concessions

Waste management
Mining
Real Estate
Revenue€328.09 million (2020)
Operating income€124.53 million (2020)
Net income€73.38 million (2020)
Total assets€1.974 billion (2020)
Total equity€495.66 million (2020)
ParentMasdar
Websitewww.terna-energy.com Edit this at Wikidata

Terna Energy (Greek: ΤΕΡΝΑ Ενεργειακή) is a Greek renewable energy company that is listed on the Athens Exchange.

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

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. 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.

In November 2024, it was announced that Masdar had completed the purchase of a 70% stake in Terna Energy for $3.3 billion.

See also

References

  1. "Financial Statements".
  2. "Financial Statements".
  3. "Financial Statements".
  4. "Financial Statements".
  5. "Financial Statements".
  6. ^ "Company profile: Terna Energy". Athens Exchange. Retrieved 21 December 2015.
  7. "US fund to invest 100 mln euros in Greece's GEK Terna". Reuters. 4 November 2013. Retrieved 21 December 2015.
  8. "Masdar completes $3.3bn Terna Energy acquisition". Yahoo! Finance. Retrieved 2024-12-13.

Sources

External links

Greece Selected FTSE/Athex Large Cap companies of Greece (2 July 2017)
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