Terna Energy ( el, ΤΕΡΝΑ Ενεργειακή) is a Greek renewable energy company that is listed on the
Athens Exchange.
The company is a subsidiary of Greek conglomerate
GEK Terna
GEK Terna Holding Real Estate Construction ( el, ΓΕΚ ΤΕΡΝΑ) 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.
GEK Terna's el ...
, 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 stor ...
fuelled with natural gas. ''Terna Energy'' however exclusively produces energy from
renewable energy
Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...
sources, including
wind farm
A wind farm or wind park, also called a wind power station or wind power plant, is a group of wind turbines in the same location used Wind power, to produce electricity. Wind farms vary in size from a small number of turbines to several hundre ...
s and small
hydroelectric plants. It also constructs renewable energy plants and integrated process units for the overall management and energy utilization of wastes and biomass.
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 ( ; el, Αθήνα, Athína ; grc, Ἀθῆναι, Athênai (pl.) ) is both the capital and largest city of Greece. With a population close to four million, it is also the seventh largest city in the European Union. Athens dominates ...
-based company has been listed at the
Athens Exchange 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 Petrol ...
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.
See also
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Energy in Greece
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat an ...
References
Sources
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External links
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{{Athex Large Cap companies
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
Greek brands
Greek companies established in 1997