Terna Energy said its adjusted EBTDA rose 3% to 164.7 million euros in 2022 compared with the previous year and its adjusted net profit increased 2.5% to 69.7 million. The company’s board will seek shareholders’ approval on a plan to pay a 0.38 euro per share dividend, up from 0.34 euro/share in 2021.
Terna Energy said 2022 was a landmark year for the company with projects in operation or under construction of a total power of 2.0 GW. The company’s installed power in December 2022 was 905 MW (773 MW in Greece, 102 MW in Poland and 30 MW in Bulgaria), up 10 MW from December 2021. Terna Energy said revenue from renewable energy sales totaled 236.2 million euros in 2022, up from 224.4 million in 2021, while revenue from other activities (construction, waste management and road tolls) totaled 298.1 million euros, up from 273.1 million euros 2021.
Terna Energy said invested capital in 2022 totaled 239.9 million euros, up from 181.6 million in the previous year, while cash reserves was 391.9 million euros and borrowing amounted to 1.123 billion euros, up from 983.5 million in 2021.