Terna Energy () is a Greek renewable energy company that is listed on the

Athens Exchange The Athens Stock Exchange (ASE or ATHEX; , ''Chrimatistírio Athinón'') is the stock exchange of Greece, based in the capital city of Athens. It was founded in 1876. There are currently five markets operating in ATHEX: regulated securities mark ...

. Until 2024, it was a subsidiary of Greek conglomerate

GEK Terna GEK Terna Holding Real Estate Construction (Genikós etaireía Kataskevastikí)() is a large Greek conglomerate which is listed on the Athens Exchange. Its construction branch Terna is one of the leading enterprises of its sector in Greece. ...

, which through its subsidiary Heron S.A. is as well involved in the construction and operation of

thermoelectric The thermoelectric effect is the direct conversion of temperature differences to electric voltage and vice versa via a thermocouple. A thermoelectric device creates a voltage when there is a different temperature on each side. Conversely, when ...

power generation Electricity generation is the process of generating electric power from sources of primary energy. For utilities in the electric power industry, it is the stage prior to its delivery ( transmission, distribution, etc.) to end users or its stora ...

fuelled with natural gas. However, the company produces energy exclusively from

renewable energy Renewable energy (also called green energy) is energy made from renewable resource, renewable natural resources that are replenished on a human lifetime, human timescale. The most widely used renewable energy types are solar energy, wind pow ...

sources, including

wind farm A wind farm, also called a wind park or wind power plant, is a group of wind turbines in the same location used to produce electricity. Wind farms vary in size from a small number of turbines to several hundred wind turbines covering an exten ...

s and small

hydroelectric plant Hydroelectricity, or hydroelectric power, is electricity generated from hydropower (water power). Hydropower supplies 15% of the world's electricity, almost 4,210 TWh in 2023, which is more than all other renewable sources combined and also mo ...

s. 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 Athens ( ) is the Capital city, capital and List of cities and towns in Greece, largest city of Greece. A significant coastal urban area in the Mediterranean, Athens is also the capital of the Attica (region), Attica region and is the southe ...

-based company has been listed at the

since 2009 and belongs to the 25 companies forming the

FTSE/Athex Large Cap The FTSE/Athex Large Cap is the stock index of the twenty-five largest companies on the Athens Stock Exchange. the stocks comprising this index are: Viohalco, Coca-Cola HBC AG, EYDAP, Terna Energy, Lamda Development S.A., Hellenic Pet ...

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 Masdar (Arabic: مصدر‎), also known as the Abu Dhabi Future Energy Company, is an Emirati state-owned renewable energy company. It was founded and chaired by Sultan Al Jaber in 2006 as a subsidiary of Mubadala Investment Company. The compan ...

had completed the purchase of a 70% stake in Terna Energy for $3.3 billion.

References

Sources

External links

* {{Authority control Renewable energy companies of Greece Construction and civil engineering companies of Greece Companies based in Athens Energy companies established in 1997 Renewable resource companies established in 1997 Companies listed on the Athens Exchange Companies in the FTSE/Athex Large Cap Greek brands Greek companies established in 1997 2024 mergers and acquisitions

History

See also

References

Sources

External links