Four international investors buying into Terna Energy, to invest €1.7 bn

Four major international investors, Blackrock Inc, Anavio Capital Partners LLP, Kayne Anderson Capital Advisors LP, and Impax Asset Management, most entering the Greek market for the first time, are set to acquire stakes in Terna Energy, following a company decision to increase its equity capital.

The four investment companies have agreed to join Terna Energy for an agreement worth 11 euros per share, to provide capital totaling 68.5 million euros. This amount will be used to finance Terna Energy’s investment plan for green energy and climate change confrontation, according to chief executive Giorgos Peristeris (photo).

This share price agreement is close to Terna Energy’s record level, highlighting the confidence of the four international investors in this company plan, the Greek economy and the country’s energy exchange.

The investors had expressed interest in this investment through a collection of binding offers.

The Terna Energy investment plan is expected to offer multiple benefits for local communities, the Greek economy and employment prospects, while also helping reduce energy costs for households and businesses and offering environmental protection by contributing to a national effort for a bigger turn to renewable energy sources.

Overall, the Terna Energy group has planned 1.7 billion euros of investments in Greece for the green energy, pumped storage and waste management sectors.

The group aims to increase its total installed capacity by 1,000 MW over the next five years, to 2,800 MW, a figure expected to keep it at the forefront of Greece’s RES market.

Terna Energy’s portfolio is now comprised of facilities – operational, under construction or at the pre-construction stage – with a total capacity of 1,800 MW in Greece, the US, central and eastern Europe.