The energy industry is becoming more and more "demanding" in terms of professional profiles: a multidisciplinary training and a strong sensitivity to environmental issues are required.
This is the context of the Master in "Management of Energy Resources" of SAFE (Environmental Sustainability Energy Sources). This Master in "Management of Energy Resources" is organized in collaboration with major companies operating in the energy sector, prestigious Italian and foreign universities companies and important institutions (including the Ministry of Foreign Affairs, Ministry for the Environment, Land and Sea, the Ministry of Economic Development, ENEA - Italian National Agency for new technologies, Energy and sustainable Economic Development , ISPRA - Institute for the Environmental Protection and Research and GME - Energy Markets Operator, Single Buyer).
On July 2nd, Luca Bragoli, Head of Institutional Affairs of the ERG Group, brought his testimony to the participants of the Master, telling the evolution of the ERG business from leading operator in the oil sector to leader in the renewable energy sector.
Luca, how did you organize your testimony?
In my testimony, I wanted to tell about our change process, from being predominantly an oil operator into an industry player with a strong renewable energy focus, particularly wind energy. It is a path that I have experienced first-hand, since I joined ERG in 2005, at the beginning of the transformation of our Group.
After the "historic" focus, we examined the dimensional characteristics of the ERG Group today, through the analysis of the main budget indicators (EBITDA, EBIT, invested capital, etc.) and those related to the mix composition and energy production. Attention was then moved to the wind business and its growth and geographic diversification in Italy and abroad. I then pointed out that the insourcing of Operation & Maintenance has represented a distinctive strategic choice for ERG, compared to other wind power operators. We then spoke of the CCGT cogeneration plant at Priolo and the Energy Management activities, which qualify us as operators of the "comprehensive" electricity market. At the end, we made a digression on sustainability in ERG, with a focus on the "Go With The Wind!" project, which is one of the projects we are the most proud of.
Now on the realm of Institutional Relations, what topics did you review and which attracted the most interest?
The Master participants were very interested in the Institutional Relations activities at ERG. I was able to tell who our stakeholders are (authorities, peers, and associations), explaining what the ways in which we get involved are, the objectives and the results that we seek in order to grow the business.
We went into specifics and examined the institutional and regulatory issues most relevant now to an operator as ERG: the reform of the electricity market, the regulation of incentives for renewable sources, the protection of the stability of the regulatory framework, the ETS (Emission Trading Scheme) and energy taxation.