The Board of Directors at TerniEnergia has approved the company’s strategic plan for the years 2010 to 2012. The list of projects announced for this period will now exceed 150MWp of installed capacity.
Starting from 2011, TerniEnergia will diversify photovoltaic energy trading activity. During the 2010-2012 time frame the MTA of Borsa Italiana listed company will start new joint ventures for increased power generation activity for a total installed capacity of 100MWp within 2012.
TerniEnergia will also amplify EPC activity for an installed capacity exceeding 70MWp. The production value target for 2012 will come somewhere in the region of €92 million (CAGR +21%) while the 2012 EBITDA target is approximately €14 million (CAGR +19%).
The Board of Directors is also expected to propose the distribution of 2009 dividends whose payout is in the region of 40% to 45%. Stefano Neri, chairman and managing director of TerniEnergia, said, ”TerniEnergia establishes itself in the energy sector, notably in the photovoltaic field, with 35MWp of installed capacity and with a portfolio of No.122 already completed plants in three years, when it started its operation. Our pipeline of projects includes the setting up of a capacity exceeding 150MWp during the next three-year period, partially to be performed through joint ventures with industrial partners aimed at energy production.
The strengthening of power generation shall increase the visibility on the business development thus limiting the risk profile. We do not exclude to transfer in the future a part of the plants completed also thanks to financial partners’ support. Operating results and financial solidity shall guarantee our plan feasibility”.
Overall, investments will be approximately €18 million over the next three-year period. These investments will focus on the development of PV plants installed through joint ventures.