TERNA Renewable Energy

Promoter – Financial Intermediary

TERNA Energy S.A.
Contact: Mr K. Demopoulos

Location

• Greece

Description

Then project comprises seven wind farms with a combined capacity of 144 MW.

Objectives

The project supports Greek and EU policy promoting the production of electricity from renewable sources. The project’s output replaces fossil-fuel power electricity generation, and thus contributes to the reduction of CO2 and other harmful emissions released to the atmosphere.

Sector(s)

• Energy

Proposed EIB finance (Approximate amount)

Up to EUR 75 million

Total cost (Approximate amount)

Estimated at EUR 170 million

Environmental aspects

The Bank requires the promoter to comply fully with all relevant EU legislation in the field of the environment.

Procurement

The Bank requires the promoter to comply fully with the provisions of the relevant EU procurement legislation.

Status

Signed - 30/06/2003