Italeaf S.p.A.: TerniEnergia has connected to the grid the "giant" PV plant of Tom Burke (South Africa)

8 juni 2016

PRESS RELEASE 8 JUNE 2016

Italeaf: TerniEnergia has connected to the grid the "giant" PV plant of Tom Burke (South Africa)

• The south african subsidiary TerniEnergia Projects PTY Ltd has completed the construction of the plant from 66 MWp in advance on the timetable
• Provided a four-year renewable contract for operation and maintenance
• Resignation of an effective member of the Board of Auditors

TerniEnergia, smart energy company active in the fields of renewable energy, energy efficiency, waste and energy management, listed on the Star segment of the Italian Stock Exchange and part of Italeaf Group, announces that, today, the second of the two "giant" photovoltaic worksites in South Africa, on behalf of a leading Italian utility, has been completed. The PV plant has been connected to the national transmission grid managed by Eskom.
In particular, TerniEnergia Projects PTY Ltd, a South African subsidiary of TerniEnergia SpA, has completed the construction of the PV plant in Tom Burke (for a total installed capacity of 66 MWp), in advance of the timeline envisaged by the final contracts for EPC (engineering, procurement and construction) and O&M (operation and maintenance) four-year and renewable term, and in compliance with the expected financial results.
The worksite of Tom Burke, in the south African region of Limpopo, which is spread over an area of 200 hectares, has employed more than 350 workers in the various functions for the installation of 500,000 photovoltaic PV panels, with a capacity between 125Wp and 140Wp. It were installed in total 82,700 structures of metallic carpentry and laid 2,550 km of electric cables. TerniEnergia operated in compliance with the promotion of political participation in the economic life of "black people".
TerniEnergia also announces that Dr. Vittorio Pellegrini has resigned, due to supervening personal commitments, his resignation from the position as member of the Board of Auditors. As a result of these resignations, Dr. Marco Chieruzzi, former Deputy Auditor, will take over the office of Statutory Auditor.

TerniEnergia , a company incorporated in September of 2005 and part of Italeaf Group, is the first Italian smart energy company and operates in renewable energy, energy efficiency, energy and waste management. TerniEnergia operates as system integrator, with a turn-key offer of industrial sized photovoltaic plants, on behalf of third parties and on its own, for the Power Generation business, also through joint venture companies with leading national players. TerniEnergia operates in the waste management sector, recovery of the material and energy, development and production of technologies. In particular, the Company is active in the recovery of tires out of use, in the treatment of biodegradable waste through the implementation of biodigesters, management of plant for the biological depuration; development and production of technological apparatus. Through TerniEnergia Gas & Power, the Group is active in the energy management, energy sales to energy intensive customers, software and services for energy management, administrative, financial and credit management. The Group is also active on the natural gas and liquefied natural gas (LNG) market, offering a range of services and activities in order to develop Client's business and achieve a competitive advantage providing the best market conditions and creating a high added value.
TerniEnergia operates in the development of energy efficient plants both through EPC scheme and FTT scheme (Financing Through Third Parties), pursuing the objectives of increasing energy production from renewable sources, of energy saving and reduction of emissions as set forth by environmental European policy.
TerniEnergia is listed on STAR segment of Borsa Italiana S.p.A..

This press release is also available on the Companies website: www.italeaf.com and www.ternienergia.com

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For further information please contact:  
Filippo Calisti
CFO - Italeaf S.p.A.
E-mail: calisti@italeaf.com

Mangold Fondkommission AB
Tel. +46 (0)8 5030 1550
info@mangold.se

Italeaf SpA, established in December 2010, is a holding company and a business accelerator for companies and startups in the areas of innovation and cleantech. Italeaf operates as a company builder, promoting the creation and development of industrial startups in the fields of cleantech, smart energy and technological innovation. Italeaf has headquarters and plants in Italy at Nera Montoro (Narni), Terni, Milano and Lecce; has international offices in London and Hong Kong and a research and development centre in the Hong Kong Science and Technology Park. The company controls TerniEnergia, listed on the STAR segment of the Italian Stock Exchange and active in the fields of renewable energy, energy efficiency and waste management, WiSave in the "internet of things" field, for the development and production of thermostats and smart technologies for the remote control of electrical and heating items of buildings managed through a cloud infrastructure, and Skyrobotic, in the business development and manufacture of civil and commercial drones in mini and micro classes for the professional market, Numanova, operating in the field of innovative metallurgy and additive manufacturing and Italeaf RE, a real estate company.

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