TERNA ENERGY joins the Energy Web ecosystem as a member and validator
Zug, Switzerland — 8 February 2022 — Today, Energy Web announced that TERNA ENERGY has joined as Energy Web’s newest member and Validator of the Energy Web Chain. TERNA ENERGY holds a leading position in the RES market in Greece, through the development of Wind Farms, Hydroelectric, Hybrid, and Pumping Projects, Solar energy projects as well as Integrated Waste Management and biogas projects. Currently, TERNA ENERGY Group has more than 1,300 MW in operation, under construction or ready for construction in Greece, Central, and Eastern Europe.
Having invested approximately €2 billion so far, TERNA ENERGY continues its dynamic growth with new investments of another 2 billion euros and a goal of 3,000 MW of RES plants by 2025. In this context, new wind projects with a total capacity of almost 2,200 MW are in the phase of licensing maturity (having secured production license), photovoltaic parks (onshore and offshore) with a total capacity of 1,700 MW are being planned and developed, while hybrid projects and storage systems (mainly pumped storage projects) with a total capacity of about 3,750 MW are being promoted, along with projects of various other technologies (hydroelectric, biogas, biomass, etc.) with an installed capacity of 200 MW. Moreover, the Group has been timely placed in the offshore wind parks market, where it plans to develop projects in the Greek seas.
“We, at TERNA ENERGY, are convinced that blockchain is a technology with a potential to transform the energy sector as we know it today, building on new ways to implement energy transactions and contributing to an accelerated energy transition. For this reason, we are proud to be the first Greek energy company to become an endorsing partner of Energy Web, the world’s largest and most respected energy blockchain network, next to the most prominent energy majors around the world. We look forward to collaborating within the Energy Web ecosystem to develop the next big ideas and innovative projects of the future” said Dr. Alexander Karyotakis, Director of Concessions and Head of Strategy Committee of TERNA ENERGY
‘’We are thrilled to welcome another major Renewable Energy developer to the Energy Web ecosystem,’’ added Jesse Morris CEO of Energy Web. “We are actively developing traceability-focused solutions to help companies like TERNA ENERGY offer value-add services to their customers using the Energy Web stack.”
About TERNA ENERGY
TERNA ENERGY is the RES arm of the Greek infrastructure and energy Group GEK TERNA. For more than 20 years, TERNA ENERGY plays a leading role in clean energy production while carrying out innovative projects for the environment, which contribute to sustainable development. It is a vertically organized Renewable Energy Sources company undertaking the Development, Construction, Financing, and Operation of renewable energy projects (wind, hydro, solar, biomass, waste management). With a strong portfolio of projects in Greece and abroad, TERNA ENERGY is the largest investor in the RES sector in Greece and the biggest Greek company in the sector worldwide.
About Energy Web
Energy Web is a global, member-driven non-profit accelerating the low-carbon, customer-centric energy transition by unleashing the potential of open-source, digital technologies. Our Energy Web Decentralized Operating System (EW-DOS) enables any energy asset, owned by any customer, to participate in any energy market. The Energy Web Chain — the world’s first enterprise-grade, public blockchain tailored to the energy sector — anchors the EW-DOS tech stack. The Energy Web ecosystem comprises leading utilities, grid operators, renewable energy developers, corporate energy buyers, IoT / telecom leaders, and others.
