Erg, from meeting ok to balance sheet and dividend. Garrone confirmed as president, Luigi Merli remains CEO
The payment of a dividend of 1 euro per share was also approved and will be paid starting from 22 May 2024.
Garrone's letter: "For the good of Confindustria I am taking a step back"
With a letter sent on the eve of the Federal Council, Edoardo Garrone announced his withdrawal from the race for the presidency of Confindustria. Here is the full version
Google signs largest renewable energy purchase deal in the Netherlands. In Italy agreement with Erg
The tech giant aims to be totally carbon neutral by 2030. The two wind farms in the Netherlands will provide 478 megawatts. The Roccapalumba park in the province of Palermo will help the company to be carbon free in our country
Tim and Erg start the "environmental mission" project: generations at school of sustainability
Secondary school students involved. First stop in Benevento. Ten Italian cities will host the meetings
Erg enters US renewables. 270 million dollars invested
The operation is in joint venture with Apex Clean Energy. Strategy and growth targets in the US will be presented in the first half of 2024 with the industrial plan to 2028
Stock exchanges latest news: golden semester for Milan (+18,6). Saipem and Erg shine
Brilliant session for the European markets, after inflation in the euro area decreased more than expected (5,7%) to 5,5% in June 2023, from 6,1% in May - Saipem and Erg shine in Milan, the banks are doing well
Erg: agreement for the sale of the Priolo Gargallo thermoelectric plant
The sale of the plant represents an important step in Erg's strategy to focus on renewable and sustainable energy sources
Erg completes the repowering of the Partinico-Monreale wind farm. And the first in Sicily
Sicily, among the Italian regions with the most wind farms, sees the start-up of a new repowering project carried out by Erg
Erg enters the Nasdaq Sustainable Bond Network and the logo lights up Times Square
To celebrate the initiative, the Erg logo was projected onto the Nasdaq Tower in Times Square in the heart of Manhattan, a symbol of the city of New York
Renewables: Erg continues to grow in Spain with the purchase of a photovoltaic park
Erg consolidates its presence in Spain by acquiring 100% of Garnacha Solar, the company that owns a photovoltaic park located in the region of Castilla and León, in northwestern Spain
Erg, accounts up in 2022: revise plan to 2026 and increase dividend
Dividend up to 1 euro and more investments: 3,5 billion and ebitda of over 650 million by 2026. And the stock is at the top of the Ftse Mib
STOCK EXCHANGES TODAY 13 PM. ECB puts on a mean face, German companies see pink. Nexi and Tim run to Piazza Affari
Price lists are on the rise pending an agreement on the price of gas. Piazza Affari, in line with the other markets, advanced by a good half point over 23.500.
Erg, brilliant entry on the Ftse Mib in place of Atlantia which will leave Piazza Affari on 9 December
On the day of its debut among the 40 big names on Piazza Affari, the energy group's share took the place of Atlantia and was immediately placed in positive territory (+2,3%)
Erg: revenue boom in the first 9 months of 2022, guidance improves
Revenues soared to 582 million euros, EBITDA guidance improved - Investments confirmed at 900 million - 1 billion
Enel sells all assets in Russia for 137 million. Erg: Australians pay a billion for 22%
The group led by Starace sells its stake in Enel Russia, equal to 56,43% of the capital - Erg raises capital, but control remains with the Garrone-Mondini family
Erg balance sheet 2021: profit doubles (+91%), dividend at 0,9 euros. New industrial plan approved
Erg closes the 2021 financial statements with sharply rising numbers and proposes a dividend of 0,9 euros. Approved the 2022-2026 plan. Numbers and outlook appreciated by the market: share +1,05%
Enel acquires hydroelectric plants from Erg for one billion
A portfolio of hydroelectric plants changes hands with an installed capacity of 527 MW and average annual production of around 1,5 TWh for a consideration of one billion euro
Renewables: Italian groups run fast but abroad
The procedures for starting the construction of wind farms remain bogged down in public offices, often for years - Delays that translate into the "flight" of Italian companies abroad
Erg: leap in profit and EBITDA. Guidance 2021 revised upwards
The Ligurian group of the Garrones recorded an advance in profitability thanks to the good momentum of wind power. EBITDA, capex and net debt guidance increased
Renewables, Enel grows in hydroelectricity and buys plants from Erg
With the acquisition of Erg's hydroelectric plants for one billion euros, Enel strengthens its role as leader in the energy transition and consolidates its presence in renewables in view of the group's decarbonisation objectives
Erg, maxi green agreement with Tim and growing profits
The Ligurian group revises its 2021 guidance upwards and signs a ten-year agreement with the TLC company for the supply of 100% clean energy, with which Tim will cover 20% of internal needs
Erg: profit goes up, but revenues and EBITDA go down. Coupon at 0,75 euro
CEO Bettonte: "2020 is a difficult year due to the pandemic crisis, we are updating the industrial plan" - For 2021 the guidance improves: EBITDA between 480 and 500 million, up to 375 million in investments for greenfield projects abroad - Title in …
Hera and Erg: third quarter ok for the two utilities
Ebitda and net profit on the rise for the Emilian multiutility chaired by Tomaso Tommasi - EBITDA down but adjusted profit up for the Ligurian group of Garrone
Renewables: Erg reopens investments in Italy
The group has signed a framework agreement worth 500 million with Vestas for the supply of wind turbines largely intended for repowering projects in Italy - A provision contained in the Simplifications decree has unblocked the interventions. And the…
Erg, half a billion green bonds are snapped up
The Ligurian group has placed a green bond with a 7-year maturity: orders have reached 3 billion euros.
Erg contains the crisis, wind power is doing well
The poor wind in Italy penalized above all the quarterly, compared to 2019 - Development abroad continues but the virus forces us to revise the 2020 guidance downwards.
Erg, shareholders' meeting: dividend of 0,75 euros per share ok
The company ensures that the distribution of the coupon "does not affect the financial stability of the group" - Green light for the increased vote - CEO Bettonte: "Limited effects of the coronavirus emergency"
Erg: profitability rises, dividend of 0,75 euro
Revenues and profits down slightly due to lower volumes recorded on hydro - EBITDA still up and debts down for 2020
Incentives, wind overtakes photovoltaics and Erg expands into France
According to the results of the latest auctions published by the GSE, the wind energy sector is growing - And the Garrone company buys parks in France for 38 MW.
Erg: investments on the rise
Revenues and earnings down slightly in 9 months but third quarter operating profit "slightly higher than last year"
Erg-Acea launch a Ppa: three-year green energy agreement
Two agreements signed for the supply of 1,5 TWh of energy in the three-year period 2020-2022 - The sale will take place at a price defined within a range and allows optimizing the risks for both companies
Wind, Erg buys 224 MW pipeline in Germany
The value of the operation, finalized with Windwärts Energie GmbH, is approximately 4 million euro - The projects will arise in Northern Germany.
Quarterly: Erg revenues up, Snam profit +11,4%
The Ligurian company recorded an increase in the gross operating margin, thanks above all to the good momentum of wind power - Snam pushes investments, debt down
Erg builds new wind farm in Northern Ireland
Erg will invest a total of 41 million euros, 37 million pounds - The plant will have an authorized capacity of 25 MW
Erg: 2018 profit below expectations but dividend unchanged
The Ligurian group closed 2018 with an adjusted 2018 net profit down by 9% compared to 2017 to 107 million - GOP growing but below expectations, debt increases - Coupon unchanged, stock down in Piazza…
ERG climbs the ranking of green corporates
In recent years Erg has undergone a radical transformation process: from a private Italian oil operator to an independent operator in the market for electricity from renewable sources. Erg qualified in 16th place in the "Corporate Knights Global 100 Most Sustainable…
Erg: solar and hydroelectric push up EBITDA
At 30 September, profit rose to 92 million, while adjusted ebitda increased by 7% to 381 million and ebit recorded a +6% - CEO Bettonte : "We confirm the increase in the guidance indicated in end of the first semester"
Erg: acquisitions, foreign markets and repowering in the new plan
The energy company presented in Genoa the update of the industrial plan to 2022, which provides for a strong push on the European markets and also puts M&A operations in the pipeline, especially in the photovoltaic sector - In Italy the capacity of some plants…
Genoa, Erg donates one million for Valpolcevera
The energy company, which is presenting its new industrial plan to the press today in Genoa, has decided to donate 1 million euros to the Municipality to "contribute to redevelopment and sustainable development projects in the Valpolcevera injured by the collapse of the bridge...
Erg, accounts ok: newco's are arriving for solar and more wind power in the UK and France
The group led by Luca Bettonte closed the first half with a net profit of 76 million and announces the establishment of the joint-stock company ERG Q Solar1, which should take place by 30 September next, 40% owned…
Erg Re-generation Challenge: aspiring entrepreneurs to the test of sustainability
The second edition of the business plan competition promoted by Erg in collaboration with dpixel starts in July and will end in November: an opportunity for startuppers and aspiring entrepreneurs to present their business development plan to energy companies, with particular attention to sustainable energy …
Erg: new wind farm in Germany
The group, now focused exclusively on renewables, won the auction for a new onshore park. The announcement follows the completion of acquisitions in France
Erg, good Mol and net result, production is growing
The Garrone family group presented its quarterly accounts after its definitive exit from the Oil (with the sale of TotalErg) in January and its exclusive focus on renewables. Revenues down by 5,4%, lower than analysts' expectations, penalize…
Energy: Erg grows in France, Edison in the box
Erg closed an agreement for the acquisition of WP France SAS, holder of rights, permits and authorizations for a 6,9 MW wind farm project in northern France - Edison signed an agreement with Soleil Srl…
Unicredit complete sale of 4% of Erg
6.012.800 ordinary shares sold at a price of 18,60 euro each, for a total consideration of approximately 111,84 million.
Bags without shocks, Leonardo and Atlantia run
The decree on US duties leaves European price lists uncertain but does not cause havoc. Waiting for US work. In Milan Tima deflates, you realize on Mediaset. The purchases on Erg continue. The banks are suffering but Carige is waiting…
Atlantia and Erg still in the running at Piazza Affari
Talks with Acs on Abertis are still pushing the title of the Benetton family holding, today the best of the Ftse Mib - Erg runs on the Mid Cap thanks to the 2017 accounts and the sale of Brockaghboy Windfarm.
Erg, extra dividend of 40 cents. An additional 850 MW in the plan, focus on overseas and wind power in Italy
The energy company ended 2017 with better than expected results and will distribute an extraordinary dividend of 0,40 euro per share - CEO Bettonte: "2022 plan focused on growth abroad and technological renewal". Title flies into…
Italian utilities, here's where they invest: Agici Report 2018
From the research of Professor Andrea Gilardoni's consultancy company emerges the picture of a sector that finds consumption and prices recovering and which is facing an important cycle of investments to face the energy transition. Between…
Erg enters the photovoltaic sector: acquired ForVei
Ninth photovoltaic operator in Italy, ForVei is a joint venture between VEI Green and Foresight and owns 30 solar energy plants.
Drought doesn't stop Erg: useful +37%
The adverse weather conditions did not penalize the results of the company which produces almost exclusively from renewable sources (above all wind power): revenues increased to 765,3 million.
Borsa, delisting for Boero: only 3 Ligurians will remain in Piazza Affari
From the Blog ENORDOVEST - Boero Bartolomeo, historic paint company, is about to leave the Stock Exchange and to represent Liguria in Piazza Affari, only Erg, Banca Carige and Orsero will remain, which has just decided on a raise…
Auction Bot, the Treasury is full. Weak stock exchanges and banks
The Treasury has successfully placed annual BOTs for 6,5 billion euro with yields rising to 0,337%: demand was double the supply - Stock exchanges are still weak: in the middle of the day, Piazza Affari loses 0,3%, above all to…
Erg: numbers above expectations, the title goes up
Net profit for the period amounted to 27 million euros, up 60% on the year, when the consensus was for a net profit of 18 million. Recurring Ebitda is also higher than estimates: 107 million (+4%), against…
Erg: 145 million refinancing for three wind farms
Erg Eolica Fossa del Lupo, Erg Eolica Amaroni and Erg Eolica Basilicata (entirely controlled by ERG Power Generation), today signed a loan agreement with a duration of 10 years and 6 months - On Piazza Affari the…
TotalErg, offers postponed to 28 April
The deadline for submitting binding offers to acquire the approximately 12 TotalErg service stations has been postponed from 28 to 2600 April. Extension due to the request for additional information by some of the operators in the race. The value…
Erg: in 2016 profit +11%, coupon of 0,5 euro
EBITDA stands at 455 million, up 30% - The dividend will be paid starting from 24 May.
Erg enters the "utilities" index
The Italian Stock Exchange communicates it. The group exits the Oil & Gas also from the point of view of the Stock Exchange classification after the industrial reconversion carried out with the exit from the oil activities and the 100% shift to renewables
Erg: Strong growth in EBITDA, net income rises
Despite the quarter characterized by low energy prices, the recent acquisitions in wind power abroad and in hydro power in Italy, the margin is growing strongly. The quarterly net income returns from the loss of 4 million in the third quarter of 2015. The CEO Luca Bettonte confirms…
Gone with the wind, the real stake between Edison and Erg
The new public auction in November reopened the games between the operators. And the takeover bid by Foro Buonaparte on Alerion is the first step in a broader strategy. In the future, the game of repowering and the new…
Wind power, Edison challenges Erg and launches Opa on Alerion
The group inserts the operation in the objective of gaining the position of leading operator in the wind sector in Italy, contending for leadership with Erg. Leap of Alerion in Piazza Affari
Erg: net profit and EBITDA growing in the first half
For 2016, the Garrone company expects to achieve an EBITDA of approximately 440 million thanks above all to the greater contribution deriving from the performance of the plants, Energy Management and central cost control which will offset the negative impact of…
Erg, Garrone: "Transformation accomplished, we are close to zero CO2"
The group presented the 2015 Sustainability Report which photographs, more than the others presented in recent years, the definitive closure of the oil-related cycle and documents the turning point in renewable energy. Today the group is the leading wind producer…
Erg strengthens the green turnaround, now the challenge is retail
The CEO Luca Bettonte: "We will evaluate the entry in 2018 with the liberalization. We are talking about 20 million customers and we are interested". The change of name is also in sight. Alessandro Garrone: "Dividend of at least 50 cents also in the coming years" - Not…
Erg, strong quarterly growth, profit +68%
The net result rises to 57 million euros, while the consolidated ebitda grows to 163 million - Erg's good quarterly pushes the share on Piazza Affari
Erg: profit +60%, dividend doubles to 1 euro. Title flies
For 2016, a “significant growth to 440 million euros” is forecast for EBITDA, from 350 in 2015 - The coupon includes a non-recurring component of 0,50 euros
WEEKEND INTERVIEWS – Garrone: “Yes to a changing Italy”
Renewables, Confindustria, publishing: the president of Erg, Edoardo Garrone, confirms the group's strategy on wind and hydroelectric power. For the Confidustria presidency "in the end it will be a two-way race and one of the two will be Vincenzo Boccia" - Risk in publishing:…
Erg and Carrefour go shopping in the UK and Spain
Double operation on the European market: the energy company invests 80 million euros in the construction of a wind farm in Northern Ireland - The French large-scale distribution group signs an agreement with the Spanish Eroski for the purchase of…
Erg accelerates on wind power: it will grow by 45% in 4 years
The Garrone family group presented the 2015-18 business plan. EBITDA is expected to grow by 7%, a minimum dividend of 50 cents over the period of the plan, an acceleration on wind power which will reach two thirds of total installed capacity. The goal…
Erg completes the acquisition of the Italian hydroelectric assets of E.ON
ERG perfects, through its subsidiary ERG Power Generation, the closing for the acquisition of the entire hydroelectric business of E.ON Produzione consisting of a portfolio of plants present in Umbria, Marche and Lazio, with a total capacity of 527 MW.
Erg, profit rises in the first nine months of 2015
EBITDA also grew, while net financial debt for the 9 months rose from 402 million in the same period of 2014 to the current 471 million.
Erg Renew acquires new wind farms in France and Germany
The company has acquired 11 wind farms in France and 6 in Germany from the Impax Asset Management Group fund for a value of 297 million. CEO Bettonte: "A fundamental step in our international development strategy"
Greener Erg, improves quarterly profit +15%
The group improved revenues and adjusted EBITDA, revenues down slightly due to the decline in average prices. Renewables are the driving force. CEO Luca Bettonte: "Growing results". The group updated its 2015 guidance: we estimate EBITDA at…
Erg, mol down but profit doubles
Comparison with the first 9 months of 2013 conditioned by the sale of Isab Energy which took place in the first quarter of 2014
Stock Exchange: Campari and Erg ahead on accounts and dividends. Cembre moves back
Among the many quarterly reports of the day, those of three medium-sized Italian companies stand out: Campari, Erg and Cembre - The alcohol producer closes with a drop in profit due to recurring charges, but raises its dividend and advances on the stock market…
Total-Erg: Gdf in office, hypothesis of false invoices
The Guardia di Finanza is searching the offices of Total-Erg as part of an investigation into alleged tax fraud - At the center of the investigation are invoices for 904 million issued by a company based in Bermuda.
Erg exits refining: Isab sold to the Russians of Lukoil
The industrial group of the Garrone family has exercised the put option on 20% of the Isab refinery, which thus passes entirely under the control of the Russians of Lukoil - The countervalue of the operation is 400 million euros - The share advances…
Erg returns to profit: coupon at 0,4 euro
In the entire 2012 financial year, the group recorded a net profit of 12 million and a consolidated EBITDA of 458 million euros - The Board has proposed a dividend of 0,4 euros per share.
Riccardo Garrone, president of Erg and Sampdoria, disappears
At the age of 76 and after a long illness, Riccardo Garrone died in Genoa, a prominent entrepreneurial figure, honorary president of Erg (today in the hands of his children) and of Sampdoria - The footballer Antonio Cassano who had left a few years…
Erg reduces losses but also investments: net profit -9 million in the first half
Financial debt is growing (1,164 billion) but the EBITDA is improving (205 million compared to 108 million recorded in the same period of 2011) - In the first 6 months the company made a total of 60 million investments, down on…
Diary of the earthquake, Erg Rivara Storage: good if the judiciary investigates
EARTHQUAKE DIARY - Erg Rivara Storage, the company that owns the project for a gas storage area, applauds the decision of the judiciary to investigate the alleged drilling in the areas of the Emilia earthquake: "We are available to offer the maximum…
Erg: loss doubled in 2011, to 49 million euros
The negative net result is due to the narrowing of operating margins and the depreciation policy - 2012 should record a marked improvement given by the increase in volumes of Isab Energy.
Erg: loss of 40 million in the first half, weighs on the Libyan crisis
It is the difficult situation in Libya that weighs on the accounts of the third largest Italian oil group which saw a drop in profit of 40 million, compared to the positive 2 million last year. On the other hand, the results for renewables are good.
TotalErg, signed a 900 million loan
The joint venture between the two fuel companies has signed a 5-year contract with a series of Italian and foreign banks - The operation is carried out through two credit lines: a term of 400 million and a…