Customer Management

We are continuing our commercial activities with industrial customers (large companies and utilities) aimed at signing longterm agreements (Power Purchase Agreements or PPAs) for the combined supply of electricity and green certificates to third parties. The objective of the agreements, as set forth in the 2024-2026 Business Plan, is the stabilisation of revenues from the sale of energy produced by the Group's assets, both existing and soon to be realised, neutralising the impact of price volatility for the assets of the agreements.

PRO-ACTIVE ROUTE TO MARKET APPROACH THROUGH VOLATILE YEARS
Country Start date / Duration Counterparty Volume/Year Type Price Plants / Capacity Accounting
Italy January 2022 / 10 years TIM ≈340 GWh Baseload / Pay as produced Physical Collar Wind Italy Portfolio IFRS 15
Italy January 2023 / 9 years TIM ≈200 GWh Baseload Physical Collar Wind Italy Portfolio IFRS 15
Italy January 2023 – April 2024 / 12 years Essilor Luxottica ≈70 GWh Baseload Physical (from Apr 2024) Fixed Partinico / Monreale IFRS 15
Italy January 2024 / 15 years ST Microelectronics ≈250 GWh Baseload Physical Fixed Camporeale / Mineo–Militello–Vizzini IFRS 15
Italy June 2024 / 20 years Google ≈100 GWh Pay as produced Financial Fixed Roccapalumba IFRS 9
Italy January 2025 / 5 years Duferco ≈106 GWh Pay as produced Physical Collar Rotello IFRS 15
Italy January 2025 / 5 years ENI Plenitude ≈64 GWh Pay as produced Physical Fixed San Cireo IFRS 15
Italy January 2025 / 5 years Engie ≈44 GWh Baseload Physical Fixed Wind Italy Portfolio IFRS 15
Italy January 2027 / 5 years A2A ≈182 GWh Baseload / Pay as produced Physical Fixed Salemi Castelvetrano IFRS 15
Italy August 2025 / 5 – 10 years RFI ≈185 GWh Pay as produced Physical Fixed Wind Italy Portfolio IFRS 15
France May – September 2021 / 5 years Engie ≈45 GWh Pay as produced Physical Fixed Bois Bigot / Bois de l’Arche IFRS 15
France October – December 2021 / 5 years Engie ≈100 GWh Pay as produced Physical Fixed Theta Portfolio IFRS 15
France January 2025 / 15 years Les Mousquetaires ≈35 GWh Pay as produced Physical Fixed Chaume Solar IFRS 15
UK January 2022 / 6 years ElectroRoute ≈240 GWh Pay as produced Physical Fixed Evishagaran / Craiggore IFRS 15
UK January 2023–2024 / 10 years Engie UK ≈400 GWh Baseload Physical Fixed Sandy Knowe / Creagh Riabhach IFRS 15
UK July 2026 / 15 years Amazon ≈176 GWh Baseload Financial Fixed Corlacky IFRS 9
Spain 1st quarter 2024 / 12 years Google ≈193 GWh Pay as produced Financial Floor Garnacha IFRS 9
USA January 2023 / 12 years BP ≈133 GWh Fixed Shape Financial Fixed Mulligan Solar IFRS 9
USA April 2023 / 12 years Meta ≈831 GWh Pay as produced Financial Fixed Great Pathfinder IFRS 9

 

These contracts allow the counterparties to guarantee a purchase of the commodity at an agreed price and to fulfil the environmental sustainability commitments of their business, reducing Scope 2 emissions. At the same time, they allow ERG to make investments for the creation of new renewable capacity.