TerniEnergia is active in the energies from renewable sources
business, particularly in the photovoltaic segment, where it operates
as a system integrator. The Issuer, through a business model that
provides for the integration and control of the entire process
(marketing, design, installation and maintenance of systems) offers
systems on a “turnkey” basis. Starting in 2007, the Company, through
investees, added to the system integrator activity the production of
electrical energy through the conversion of solar energy.
The photovoltaic systems built by the Issuers generally have a power rating above 20 kWp. TerniEnergia mainly
targets nationwide industrial groups, municipal or national electrical
companies, and local authorities. As of March 31, 2008, TerniEnergia
had completed 76 photovoltaic systems for a total installed power of
approximately 6,037 kWp, emerging as one of Italy’s leading operators,
characterized by significant knowledge and experience within the
industry. The Company manages all the phases of the process including
the installation and commissioning of the photovoltaic system, passing
through site identification, marketing, project development and system
construction, and the remote control and maintenance phases. The
development of the solar sector was given considerable and decisive
momentum as a result of the promulgation of the Ministerial Decree on
July 28, 2005, and in particular of the Ministerial Decree on February
18, 2007, which introduced in the Italian law an incentive scheme for
the production of electrical energy from photovoltaic systems (the
so-called Conto Energia, i.e. Energy Account, and Nuovo Conto Energia,
i.e. New Energy Account). |