Greek renewable energy company Terna Energy plans to invest about 1.5 billion euros ($1.9 billion) in wind-power capacity by 2012, the chief executive of its parent company, GEK Terna group, said. Greece is struggling to cut its green power shortfalls in a bid to meet EU directives.
New wind-farm planning laws have removed bureaucratic hurdles, making investment more attractive. Terna Energy plans a total capacity of 1,200 megawatts in Greece and abroad by 2012, Georgios Peristeris, CEO of Greek construction and energy company GEK Terna, told Reuters in an interview yesterday.
“We’ll stick to this target,” said Peristeris, adding the company had set up subsidiaries in Bulgaria, Romania and Poland. “Along with these Eastern European countries, we are also exploring intensively some markets in Latin America.” The firm currently has a 142 MW wind farm capacity in Greece and a further capacity of 6.5 MW from a small hydroelectric plant.
(www.kathimerini.gr, 12/03/2009)