TERNA ENERGY

Terna Energy announced its 1Q18 financial results: Turnover rose by 29% YoY to EUR 71.7m, EBITDA advanced by 29.2% YoY to EUR 45.6m, while net income increased by 23.6% YoY to EUR 11.5m. Load factor in wind shaped at  a high 35.1% from 31.5% in 1Q17. Total installed capacity currently stands at 986 MW (unchanged from previous quarter), while wind farms with a capacity of 177 MW are under construction (158 MW in US and 19MW in Greece). Group net debt at the end of 1Q18 declined to EUR 518.5m from EUR 564m at the end of 2017. In other news, TE signed yesterday its second PPP waste management project for the region of Peloponnese. The concession has duration of 28 years (including construction time of 24 months) and a budget of EUR 168m.

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