Terma Energy takes on 380-MW wind-energy facility in Texas

Terna Energy, a subsidiary of the GEK Terna group, has acquired a wind-energy license for a capacity of 380 MW in the US area of Fluvanna, Texas.

As part of the deal, the listed company has taken on a partially developed wind-energy facility from Tri Global Energy LLC, a Dallas-based company active in the renewable energy sector (RES) in Texas and New Mexico.

According to information released, Tri Global Energy will collaborate with Terna Energy during the construction stage, until the facility is launched commercially.

A first part of the wind-energy park is scheduled to begin operating in 2017. The unit will be developed on an expanse measuring 3,200 hectares leased by private landowners.

Terma Energy’s total installed capacity amounts to 648 MW. The company operates facilities with capacities of 394 MW in Greece, 138 MW in the USA, 86 MW in Poland, and 30 MW in Bulgaria. The company also possesses a further 237 MW of RES faclities under construction, both in Greece and abroad.

Overall, Terma Energy holds RES licenses for a total of 885 MW in Europe and the USA. The company’s objective is to reach a 1,000 MW-capacity within the next few years.