TerniEnergia Romania, a subsidiary of Italian energy and waste management company TerniEnergia, signed an agreement with Enhergie to construct three solar power parks in Romania with a combined capacity of 2.5MW.
The plants are in the Lugoj Darova region of Romania and the deal is worth around €2.8 million (US$3.7 million). This will include TerniEnergia Romania undertaking turnkey EPC duties and panel supply.
Two days previously, parent company TerniEnergia announced financial results for the first half of 2013, which included net profit of €5.4 million (US$7.2 million), compared with €1.7 million (US$2.3 million) for the period ending 30 June 2012, a tripling of profits.
TerniEnergia is listed on the Borsa Italia, the main Italian stock exchange. As of the end of the second quarter of this year, TerniEnergia had built 270 solar power plants totalling 272MW. The company’s other interests outside Italy include the subsidiary TerniEnergia South Africa and the building of 19 PV plants in Greece during 2012.
Enhergie is itself a subsidiary of Bissi Holding Group and the two parties originally signed a framework agreement in May for the building of six solar plants, including the three announced yesterday. The total combined capacity of the six plants is 5.5MW.