Our vision of the Future

The future we see is renewable. We will continue to move in this direction, implementing the 1.9 billion euros investment programme included in our 2015 - 2018 Business Plan, pursuing high quality projects and keeping ready to seize any opportunities that arise, applying our know-how, flexibility and financial capabilities.

The nineteenth century was the century of coal. The twentieth was that of oil. We believe that the twenty-first century will be that of green energy. We expect 35% of the world total production of electricity to be from renewable sources, by 2040*.
Wind power will grow worldwide by seven times between 2012 and 2040**, while in Europe it will quadruple. Starting in 2020 the production costs of electricity from renewable sources will be lower than those of coal and oil. Which means that due to greater efficiency and cost reduction, renewables are beginning to be quite competitive.

Scenario and Energy Policies
In recent years we have all become aware of the direct link between phenomena such as the emission of greenhouse gases and global warming and the need to implement concrete actions to stop climate change.

In Italy, the current energy policy guidelines are defined in the 2020 climate-energy package contained within the Europe 2020 strategy, which sets the energy targets to be reached by 2020 at EU level.

In 2011 the European Commission defined the roadmap 2050 which outlines the guidelines for an almost total de-carbonisation of our economy, stretching beyond the 2020 strategy, with the ultimate goal of keeping the global warming produced by anthropogenic climate change within 2 °C. As an intermediate step of the process, in October 2014 the European Council reached an agreement on the environmental and energy policy for 2030.

The Paris agreement on climate change (COP21), which was signed by 196 parties around the world is within this context. Our future plans The increase of renewable energy production is increasingly important for our current transition. We have been forerunners of these trends, on a global basis, by radically shifting our business model. 

Outlook to 2020/Proposals for 2030 from ERG Sustainability Report

Our future plans
The increase of renewable energy production is increasingly important for our current transition. We have been forerunners of these trends, on a global basis, by radically shifting our business model. In our 2015-2018 Business Plan we laid out the strategic lines of our development for the next three years:
*source: World Energy Outlook, IEA Nov.2015
** Bloomberg, New Energy Outlook 2015
Increasing our installed wind power capacity abroad by about 600 MW
We will achieve our growth by implementing a business model that focuses on systematic development in the countries with the greatest development potential, such as France, Germany, Poland and the United Kingdom. We will increase our installed capacity abroad (850 MW at the end of 2018) from the current 37% to 44% of the total. 

Insourcing operational management in wind power
We concluded the insourcing of management and maintenance (O&M) in Italy and we have started this process abroad, in France and in Germany.

Integration of the Terni hydroelectric complex
We plan to maximise the value of the 2015 acquisition of the Terni Hydroelectric Complex through activities aimed at integrating people and assets.

Energy Management: integrated management of a portfolio of over 8 TWh of electricity by 2018
We will further increase our Energy Management activities, making our portfolio broader, more diversified and balanced. Unified and integrated management of our energy portfolio will also help to better control risks.

Continuous improvement of the efficiency of ERG Power's thermal power plant
We will continue to improve the quality and efficiency of our combined cycle power plant to maximise its contribution to the Group's financial results.

Increase of production of zero emission electricity 

ERGLab


ERGLab is the think tank ERG created to study in depth the energy and environmental challenges which Europe and Italy will have to face in the near future.

Read more in Sustainability section
Page updated at 10 Aug 2016