THE FIRST ITALIAN COMPANY BUILDER

ACTING FOR ECONOMIC AND ENVIRONMENTAL CHANGE

3 SPV FOR WHOLLY

OWNERSHIP PV PLANTS

10 JV FOR PV PLANTS WITH

INTERNATIONAL PARTNERS

100% 100% 100% 100% 100% 50%

TERNIENERGIA POLSKA

TERNIENERGIA ROMANIA

TERNIENERGIA HELLAS

TERNIENERGIA PROJECT

TEVASA TERNIENERGIA SOLAR

SOUTH AFRICA

TerniEnergiaGas & Power

80% 80%

100%100% 50%100%

TERNIERGIA MIDDLE EAST

POWER

49%

45,06%

9,10%TREASURY

SHARES45,84%OTHER

SHAREHOLDERS< 2%

100%

TERNIENERGIA MOÇAMBIQUE

LIMITADA

100% 100% 100% 51%85% 66%

RE

50%

OPERAPOWER

JV FOR PVPLANT

A COMPANY PORTFOLIO WITH THE FOUNDATION ON A LISTED SUBSIDIARY

ITALEAF CHART – GROUP STRUCTURE

2

WE TURN TECHNOLOGICAL STARTUPS INTO SUCCESSFUL GLOBAL COMPANIES

ITALEAF IS THE FACTORY OF FACTORIES

USING OUR FACILITIES, SKILLS

AND FINANCE ON SCALABLE

CLEANTECH COMPANIES

WITH GROWTH

PERSPECTIVES

USING OUR STRATEGIC

INFRASTRUCTURE, LOGISTICS

AND BUSINESS ECOSYSTEM

TO SUPPORT COMPANIES’

INDUSTRIAL NEEDS

INDUSTRIAL

ESTATE

COMPANY

BUILDERUSING OUR TEAM’S

EXPERIENCE AND NETWORK

TO SCALE OUR COMPANIES

EFFICIENTLY AND QUICKLY

RECURRENT DIVIDENDS

FROM TERNIENERGIA

HOLDING

MONICA FEDERICI

CEO

WE TRANSFORM INTENTION INTO REALITY BETTER AND FASTER

A FULLY ENGAGED AND EXPERIENCED TEAM

STEFANO NERI

CHAIRMANMARCO DIAMANTI

EXECUTIVE DIRECTOR

FILIPPO CALISTI

CFO

FEDERICO ZACAGLIONI

DEVELOPMENT & PR

CORRADO GIANCASPRO

CTO

CRISTIANO MANZONI

CIO

ITALEAF HAS A DIVERSE AND TECHNICALLY SKILLED TEAM IN CLEANTECH AND SMART INNOVATION. TOGETHER WE

HAVE MORE THAN 50 YEARS OF EXPERIENCE IN THE GREEN INDUSTRY AND IN THE FINANCIAL SECTOR. DURING

OUR CAREERS WE HAVE BEEN INVOLVED IN 3 IPOS AND MORE THAN 4 M&A OPERATIONS. WE OPERATE HANDS-ON

SUPPORTING FOUNDERS, MANAGERS AND INNOVATORS INVOLVED IN NEW VENTURES.

A SOLID TRACK-RECORD IN DEVELOPING BUSINESS AND FINANCING GROWTH

ITALEAF’S PATH OF DEVELOPMENT IN FIGURES

3 IPOTerniEnergia

TerniGreen

Italeaf

300+start-ups

analyzed

500+jobs

created

€ 22Mfund raised

through capital

increase

7 M&Aproven skills

and experience

for way-out

ITALEAF IS LISTED ON NASDAQ FIRST NORTH AT STOCKHOLM STOCK EXCHANGE

Startuppers

• Prototype

• Team consolidation

• Business model

• Incubation

• Hands-on services

START UP

BREEDING

GROUND

IMP

AC

T

TIME

YEAR 1

Incubation

Idea

validation

YEAR 2

• Share capital increase

• Industrial facilities

• Support to fund raising

• Support to exit

• Portfolio management

VALUE

MANAGEMENT

YEAR 3-4

• Due diligence

• Deal & Seed capital

• Co-management

• High skilled services

• Starting production

• Marketing

• Facilities

COMPANY

BUILDING

Tech spinoff

and co-founding

Acceleration

Production

Market launch

Way out

3/4 YEARS FROM THE START-UP BREEDING GROUND TO THE CAPITAL MARKETS

FROM IDEA TO EXIT THROUGH CO-FOUNDING

GRANTS

GOVERNMENT

€25K-250K

ANGELS

COMPANY BUILDERS

€250K-500K

VC AND ANGELS

COMPANY BUILDERS

€500K-3M

NEW STARTUPS

WE’LL GROW REDUCING NFP THROUGH AN OPPORTUNE STARTUPS TURNOVER

EVOLUTION OF THE STRATEGIC BUSINESS VISION

18,200

16,40014,600

1,0301,850 2,300

2015 2016 2017

INVESTMENTS/NFP [€/000]

NFP INVESTMENTS

2

2

2

3

2

1

3

1

STARTUP PORTFOLIO EVOLUTION

2015 2016 2017

COMPANIES BUILDED EXITS

BUILDING ITALEAF'S ABILITY TO ACHIEVE SUSTAINABILITY AND PROFITABILITY

FOCUSING CAPITAL AND TALENT ON GROWTH

ORDINARY INCOME

FROM:

• SERVICES

• GUARANTEES

• DIVIDENDS

5,700

(3,500)

(690)

(1,000)

2,4002,900

Ordinary income Costs Amortizations Interests charge Capital gain EBT

20

152

016

20

17

5,900

(4,000)

(680)

(850)

4,200 4,500

Ordinary income Costs Amortizations Interests charge Capital gain EBT

5,800

(3,700)

(680)

(900)

3,100 3,600

Ordinary income Costs Amortizations Interests charge Capital gain EBT

COSTS FROM:

• PERSONNEL

• EXTERNAL SERVICES

[€/000]

CREATING VALUE FOR SHAREHOLDERS, WE ENHANCE OUR COMPETITIVENESS

SUCCESS KEY FACTOR FOR INVESTORS

1

EXPECTED IRR

FROM EXITS

3

2

DIVIDEND

POLICYINCREASING

+10% PER YEAR

≥ 30%

TARGET

NFP/EQUITY

≤ 0.8x

2014 DIVIDEND € 0.08

PER SHARE IN PAYMENT

JUNE 30, 2015

FROM BROWNFIELD TO ECOINDUSTRIAL-PARK

AT NERA MONTORO (TR)

ACTING FOR ECONOMIC AND ENVIRONMENTAL CHANGE

PROCESS TIMELINE FLOW

OF NERA MONTORO PARK

JUNE 2010

WORK IN

PROGRESS

JUNE 2016

At the time of acquisition of the

industrial area, the Group has

safeguarded employment levels,

absorbing around 20 employees of

Terni Industrie Chimiche

Around 200 employees:

• Administrative and financial

• Engineering and operational

• Procurement and warehouse

• Production and EPC

• R&D

INDUSTRIAL ESTATE

OF NERA MONTORO PARK

Facilities

• Total surface: 24 Ha

• Total covered surface: 2.3 Ha

• Storage volume : 7,000 m3 (expandable to 20,000 m3)

Infrastructure / logistics

• Distance from A1 Highway (Orte): 5 Km

• Presence of railway station of Nera Montoro

• Internal railway

The Nera Montoro park is the headquarters of the Company and its subsidiaries. It is located in a

strategic position, approximately 85 km outside Rome near the highway. It also has the presence

of a railway station and an internal proprietary railway connected to the national railway

infrastructure.

HEADQUARTER AND SERVICES

PV AND ENERGY SAVING INTERVENTIONSPost Office, Canteen

and first aid medical

center manteined

Train station

And internal railway

junction

Engineering and

procurement centralized

Offices for PV EPC

and environmental

business

Lighting energy saving intervention: 401

lighting points for a reduction of annual

consumption from 385,005 to about

142,619 kWh (63%)

Rooftop PV plants for 1MWp installed on

Directional building, Central Warehouse,

Mechanical facilities and biodigester

GreenAsm for a total area of 12,500 m2.

1,15 GWh/y of power generation

Headquarter and

financial

centralized offices

Inter-company

Kindergarten for

employees families

1

• Resources recovery, pollution prevention, developing cleantech production

• Technological innovation and continuous environmental improvement

2

• Encourage grouping of industries to close the cycle of the materials

• Managing the life cycle of products

3

• Integration in natural ecosystems

• Design and implementation of green/sustainable infrastructure and buildings

4

• Adoption of environmental management systems

• Continuous training of technicians and dematerialization of production

5• Participation of local communities

STRATEGIC APPROACH

OF THE ECO-INDUSTRIAL REGENERATION

INDUSTRIAL REGENERATION

OF NERA MONTORO PARK

SECURITY

VIRTUAL CENTER

METAL POWDER

FOR ADDITIVE MANUFATURING

PRODUCTION

INDUSTRIAL LED LAMPS

PRODUCTION

IOT SMART THERMOSTAT

PRODUCTION

WATER REMEDIATION

TREATMENT PLANT

PROFESSIONAL DRONES

PRODUCTION

TYRES RECYCLE

PLANT

BIODIGESTER

AND COMPOSTING PLANT

TerniEnergia operates the business unit concerning the management of the plant for the biological remediation of the

Nera Montoro area site groundwater on behalf of Syndial Attività Diversificate S.p.A. a part of ENI Group

• Capacity: 438,000 cubic meters/year (50 m³/h)

• Position: Nera Montoro (TR)

• Management contract: several years (10 years)

• Technology: nitrification and de-nitrification processes for removing contaminants

• Owner: TerniEnergia S.p.A.

GROUNDWATER BIOLOGICAL TREATMENT PLANT

REMEDIATION ACTIVITIES OF THE INDUSTRIAL AREA SOILS OF NERA MONTORO (TR)

Operating intervention of soil remediation of the industrial site of Nera Montoro (TR) designed by Syndial Attività

Diversificate S.p.A. a part of ENI Group, approved by the Region of Umbria and acquired by TerniEnergia

• State: works started in October 2011 and completed in in the 1H2012.

• Activities: Intervention divided into a total of 5 lots and refer to the works of pre-characterization of the soils to be

removed, removal of contaminated portions, disposal and recycling, covering areas with suitable and certified topsoil,

restoration of asphalt and / or concrete’ covering, construction of new asphalt flooring.

GROUNDWATER REMEDIATION BUSINESS AND EXPANSION

Management by TerniEnergia of the river Nera wells barrage of groundwater along the industrial park of Nera Montoro

(TR) which provides for the completion of sewage treatment through:

• Biological treatment plant operations (438,000 cubic meters/year; 50 mc/h)

• Management of the physicochemical treatment plant (131,400 cubic meters/year; 15 mc/h)

• Implementation of a new associated physicochemical and biological treatment plant (324,120 cubic meters/year; 37

mc/h). Worksite started 1H2016 – End of works: 3Q2017

INDUSTRIAL ESTATE

REMEDIATION ACTIVITIES

INDUSTRIAL ESTATE

SOIL REMEDIATION

Thiessen

Polygons

Total area reclaimed: 27,153 m2

Green areas, roads, plants and rack

Removed Grounds: 7,500 m3

Restored asphalt: 3,000 m2

Completion of works: 1H2012

The project included the removal of contaminated soil parties

until the digging of a meter deep.

1) asphalt restoration

2) cement parts restoration

3) replacement land compromises with topsoil

Project approved by Umbria Region in April 2011

GROUNDWATER AND LIQUID WASTE

REMEDIATIONGroundwater treatment plant

upgrade (authorized, start of works

June 2016) and Biological plant (in

operation): metals remediation,

arsenic

New treatment plant of liquid waste

(authorized, start of works June

2016) and part of the

physicalchemical stripping (in

operation)

Physicochemical

treatment plant

(in operation):

removal of nitrites

and nitrates,

ammonia nitrogen

Tank farm

(to be renewed)

48 barrier wells

(in operation):

Treatment capacity

65 m3/h to 100

TERNIENERGIA OWNS AND MANAGES AN INTEGRATED BIOLOGICAL AND CHIMICAL-PHYSICAL ACQUIFER

GROUNDWATER REMEDIATION PLANT IN NERA MONTORO (TR) INDUSTRIAL AREA ON BEHALF OF SYNDIAL

ATTIVITÀ DIVERSIFICATE SPA BELONGING TO ENI GROUP.

• CAPACITY: 438.000 MC/YEAR (50 MC/H)

• MANAGEMENT AGREEMENT: SEVERAL YEARS (10 YEARS)

• TECHNOLOGY: NITRIFICATION AND DE-NITRIFICATION PROCESS TO REMOVE POLLUTION.

TERNIENERGIA HAS OBTAINED THE AUTHORIZATION FOR THE EXPANSION OF THE PROCESSING CAPACITY OF

THE EXISTING PLANTS, THROUGH THE CONSTRUCTION OF A NEW TREATMENT PLANT WITH THE AIM TO START

THE BUSINESS OF PROCESSING OF SPECIAL LIQUID WASTE (EG. AGRICULTURAL, INDUSTRIAL, ORGANIC

CHEMICALS AND INORGANIC, ETC.). THE AUTHORIZATION ALLOWS THE TREATMENT OF 58,000 CUBIC

METERS/YEAR OF WASTE INPUT, REPRESENTED BY LIQUID WASTE AND PUMPABLE SLUDGES.

THE PLANT CONSTRUCTION IS AUTHORIZED BY PROVINCIA DI TERNI THAT HAS BEEN GRANTED THE

“INTEGRATED ENVIRONMENTAL AUTHORISATION (AIA) N. 11458/2015” RELATED TO THE “OPERATIONAL PLAN

FOR GROUNDWATER REMEDIATION OF THE INDUSTRIAL SITE OF NERA MONTORO (TR) – ADJUSTMENTS TO THE

REQUIREMENTS AND IMPLEMENTATION OF THE PLANTS WITH THE INTRODUCTION OF NEW SECTIONS OF

TREATMENT OF THE LIQUID WASTE WITH THIRD PARTIES”.

BIOLOGIC

AND CHIMICAL-

PHYSICAL

REMEDIATION

PLANT FOR

GROUNDWATER

AUTHORIZED

EXPANSION

TO TREAT

LIQUID WASTE

AND PUMPABLE

SLUDGES

GROUNDWATER AND LIQUID WASTE

REMEDIATION

BIODIGESTION AND COMPOSTING

PLANT - GREENASMThe biodigester based in Nera Montoro, reduces the amount of

waste sent to landfill, recovers energy through the process of

anaerobic biodigestion for the production of biogas and recycles

material through the aerobic treatment process for the production

of compost. The plant is located on a total area of about 10,000

square meters, 7,000 square meters of which are roofed.

The GreenAsm (JV between TerniEnergia and ASM Terni) plant based in Nera

Montoro has been authorized by the Integrated Environmental Authorisation

(AIA) and can handle up to 43,500 tons/year of organic fraction of municipal

solid waste and / or other organic matrices. The expected energy recovery from

biogas production is equal to around 5 GWh/year, while from the aerobic

treatment will result quality compost to be used in agriculture and gray compost.

BIODIGESTION AND COMPOSTING

PLANT - GREENASM

GATE-FEE NO OUTGOING COSTSCOMPOSTING PLANT/DAWASTE

SUPPLIER

COMPOST

(NO LONGER WASTE)

23.500 TONNES/YEAR

15.000 TONNES/YEAR

BIOGAS / POWER

GENERATION20.000 TONNES/YEAR 4,8 GWH/YEAR

SOLD AT ALL-INCLUSIVE TARIFF OF

280 €/MWH FOR 15 YEARS

ASM TERNI SPA

NEIGHBOURING

MUNICIPALITIES

• INTEGRATED ENVIRONMENTAL AUTHORIZATION BY REGIONE UMBRIA: PLANT OPERATING SINCE

DECEMBER, 2012 (NERA MONTORO)

• CAPACITY: TREATMENT OF 43.500 TONNES/YEAR OF ORGANIC WASTE (NERA MONTORO)

• MANAGED BY: JV 50:50 BETWEEN TERNIENERGIA AND ASM TERNI SPA (NERA MONTORO)

• HIGH MARGIN BUSINESS (REVENUES FROM INCOMING WASTE, REVENUES FROM SALE OF

RENEWABLE ENERGY)

ANAEROBIC

DIGESTION /

COMPOSTING

PLANT IN NERA

MONTORO

END OF LIFE TYRES

RECOVERY PLANT

The end of life tyre recycling plant of TerniEnergia, implements a

process of crushing tires and represents a technological

alternative to the traditional mechanical crushing process.

From the processing stage of the tires, the following result of

separation is obtained:

Steel: 15-20%

Rubber granulate: 0-2 mm 30% 4.2 mm 15% 4.6 mm 15%

Textile rubber mixture 15-20%

The system acquired by TerniEnergia, equipped with innovative

technologies, is the first installed in Italy of this type and has a

capacity of 4 tons/hour and 22,500 tons/year. The plant operates

on 2 or 3 rounds. Installed inside an adapted industrial warehouse

the plant covers an area of about 4,000 square meters, 900 square

meters of which are roofed.

GATE-FEE SALE

• SINGLE AUTHORIZATION: PLANT OPERATING SINCE OCTOBER, 2011 (NERA MONTORO)

• MAX CAPACITY: 18,000 TONS/YEAR (NERA MONTORO) TECHNOLOGY: END OF LIFE TYRES POWDER

REDUCTION AND/OR GRANULAR FORM SEPARATING RUBBER FROM STEEL AND POLYESTER FIBER

CONTAINED IN TYRES.

• HIGH MARGIN BUSINESS (REVENUES FROM INCOMING WASTE, REVENUES FROM SALE OF RAW

SECONDARY MATERIALS AT LOW DISPOSAL COSTS)

END OF LIFE

TYRES

RECOVERY

PLANT

END OF LIFE

TYRES

SUPPLIER

RAW SECONDARY

MATERIAL (RUBBER

POWDER AND

GRANULES, STEEL)

CONFERRED

TONNES/YEAR

END OF LIFE

TYRES

RECOVERY

PLANT

IN NERA

MONTORO

END OF LIFE TYRES

RECOVERY PLANT

LED LIGHTINING PRODUCTION

GREENLED INDUSTRY

Greenled Industry, a part of TerniEnergia Group, strives to

become the first partner for the implementation of the most

advanced LED lighting systems characterized by long life

and the highest energy and lighting performances.

Through continuos innovation, professionalism and the highest quality offered,

Greenled Industry develops and provides complete LED lighting solutions, including

technical and commercial support, which help the Client to simplify the transition to

the ultra-efficiency and sustainable lighting.

Greenled Industry translates its advanced LED technology into value for Clients by

improving their business through costs saving while increasing energy efficiency,

safety, productivity and visual comfort in high energy intensive environments.

SPARTA

BUILDING BLOCK

Most important installations:

Ferrovie dello Stato – Stazione di Bologna,

Milano, Zurich Airport, Gatwich Airport, Helsinki,

Ukraine, Milano-Linate, Trieste, Cagliari; Port of

Felixtone (UK); Liverpool Parking.

Product developed for public administrations,

municipality or public utilities

STREET LAMPS FOR URBAN INSTALLATION

LED LIGHTINING PRODUCTION

GREENLED INDUSTRY

INDUSTRIAL LAMP

Luminous fluxes proposed for the industrial sector and the great

amount of possible settings provide the necessary flexibility to

fulfill all the lighting needs in the industrial sector.

In addition, the wide range of operating temperatures (-30°C /

+65°C, and -40°C / +75°C on demand) enables their use even in

extreme conditions. The electronic components and the variety

of LEDs has been optimized to lower the maintenance costs.

PROFESSIONAL DRONES PRODUCTION

SKYROBOTIC

With constant focus on innovation, Skyrobotic produces and sales

a series of Unmanned Aircraft Systems (UAS). The company

aims to achieve a leadership in the field of civil drones for

commercial use.

The company takes care of the whole industrial chain, from

design to system integration, right through to production of

turnkey platforms for remote sensing of proximity which are

robust, practical and effective.

Skyrobotic operates into industrial facilities with a total area of

around 1,200 square meters, wich represents the largest Italian

center for the development and industrial production of drones

Decennial experience:

A decennial path of research and

development in the military and civil

sectors. Intellectual capital as a success

factor in the innovation process.

Industrial structure:

SkyRobotic, part of the group Italeaf, is

structured for the industrial production. The

protection of the value over time.

ASSETS

• Solutions and proprietary technologies

• UNI EN 9100 certification production and

processes for the Nera Montoro Facilities

• First European multicopter with RTK technology

integrated

• ENAC certification for many SR-SF6 operators

• ENAC certification as operator for critical (with

risk mitigation) and non critical areas areas

PROFESSIONAL DRONES PRODUCTION

SKYROBOTIC

Design Control

Specialized applications require tailor-

made technology development and

technological knowledge.

METAL POWDER PRODUCTION FOR AM

NUMANOVANumanova will be equipped with the most advanced production technology of metal powders based on the

principle of vacuum induction furnaces and atomizers inert gas ceramic-free. It will also be introduced

technologies of plasma atomization. The stages of development of the company, whose production unit

will be located in the Italeaf's industrial of Nera Montoro (TR), will expect: within

a very short time the start of the authorization from the competent

authorities; the acquisition of production assets and facilities;

their upgrading and the development of the certification and

qualification; the ramp up of the production for the marketing

of products.

Numanova states it will be active in the production of high-quality

metal powders for Additive Manufacturing (3D printing), Metal

Injection Moulding (MIM) and Hot Isostatic Pressing (HIP). The

metal powders will be suited to advanced uses in areas such as

aerospace, energy, mechanical and biomedical.

RISK REDUCTION STRATEGY

• Already operational infrastructure: industrial and office building, energy, water, technical gases, logistics,

warehouse.

• Management with high experience in the industrial segment and operating team.

• Partnerships and relationships already existing with international leading player in the fields of application

of the products and in the research and development of metallurgical industry.

• Reference markets is constantly growing;

significant prospects for ROI

METAL POWDER PRODUCTION FOR AM

NUMANOVANumanova is an Italian company active in the production of metal powders with high quality obtained from ferrous

metal and non ferrous alloys to be used in Additive Manufacturing (3D printing), Metal Injection Molding (MIM), Hot

Isostatic Pressing (HIP), PTA, laser cladding for the most advanced industrial sectors such as aerospace, energy,

automotive, mechanical, biomedical, luxury industry. The company will be equipped with the most advanced

production technology of metal powders by atomization gas, vacuum induction casting ceramic-free. Plasma

technologies and Electron Beam Melting processes will be also introduced.

IOT SMART THERMOSTAT PRODUCTION

WISAVEWisave operates in the promising market of the Internet of

Things, the sector that is generating the greatest growth in the

world and that is the ideal convergence between the web and the

opportunities of the digital and the manufacture of equipment in

the fields of smart energy and efficiency.

The company produces systems for remote control of cloud infrastructure which

is intended for remote monitoring of buildings fora business that can be highly

scalable and can be implemented in other sectors.

WiSave, through its Algo device, is the ideal convergence between the web and

the opportunities of the digital and the manufacture of equipment in the fields of

smart energy and efficiency.

IOT SMART THERMOSTAT PRODUCTION

WISAVECore System

Database

Web Server

application

Web interface

Mobile app

Smart device

• Introducing a new smart control system and device in the Internet of Things

category

• >20% thermal energy saving

• Easy expandability for building and cluster of buildings

• Low installation and O&M costs

• Compatibility with all the thermal systems

• Totally wireless

VIRTUAL SECURITY CENTER

IGREEN PATROL

iGreen Patrol Srl is the operational virtual center and tele-tech

monitoring of remote sites, part of TerniEnergia Group.

The high number of systems to be monitored and the pressing needs

of theft and damage prevention, gave birth to the industry need to

monitor and manage all the plant technological equipment, the central

stations and the installed video surveillance.

The company manages the virtual systems 24 hours by 24 with security guards.

The virtual center is capable of recording in security, interprets and manages

automatically and/or by an operator, all signals coming from the remote sites.

VIRTUAL SECURITY CENTER

IGREEN PATROL

iGreenPatrol is a Virtual control and security center which is proposed as operation leader for the

technological monitoring of remote sites.

100% owned by TerniEnergia, iGreenPatrol stems was established to monitor the large number of

photovoltaic systems owned by the Group and by third parties and prevent theft and damage.

Currently iGreenPatrol manages the security of 80 photovoltaic systems with a total output of around

80 MWp, 2 industrial sites and civilian homes.

The Institute is in possession of a valid license issued by the Prefecture of Terni, to conduct of

"reception and management of signals from telemonitoring and remote surveillance systems.

managing assistance of alarm "as required by art. 2, paragraph 2, letter "a" class "b" and in

compliance with regulations issued by D.M. No. 269 of December 1, 2010.

iGreenPatrol is entitled to perform its services to the broad national territory

ANNEXES – TERNIENERGIA PV ACTIVITY

A LEADING ITALIAN FULLY INTEGRATED PV ENERGY COMPANY