Terrae aim high and in the name of sustainability. The holding active in the renewable energy sector, in particular in the generation of energy from biomass, presented the business plan for the first five years which provides for 220 million euros of investments to build a network of mini plants for the production of electricity from biomass. In concrete terms, it is a question of building 67 plants for a total power of 47 MW.
But Terrae is also looking for new investors. 41% owned by the National Association of Beet Growers, would like to sell a additional 18% of its capital to those who are ready to bet on the future of renewables. In this way, the newcomer would join the current minority shareholders Enel Green Power (15%), Generali (15%), Gavio group (8%), Confagri Consult (2,66%).
By 2017, the Group aims to become the first system integrator in the sector, for encourage the aggregation of the various players in the supply chain in the Italian market: agricultural enterprises, energy producers, technology suppliers and financial investors. "We have a preference for investors who will embrace the company's industrial plan for the entire time frame, according to a medium-long term industrial approach", explained the president of Terrae, Federico Vecchioni.
The objective is to place 18% of treasury shares “in a tight time frame: some expressions of interest have already been received”, specified Vecchioni, specifying that a possible quotation on the stock exchange “to date is not an item on the agenda, but I believe it is a mistake to exclude it a priori. It is an option that can be considered in the medium to long term”.
