Thanks to an important acquisition, our portfolio has grown and we have made our entry into the solar business with 30 photovoltaic plants in eight different regions from the north to the south of Italy with a total installed capacity of 89 MW and with about 136 GWh of annual production while preventing about 77 kT of CO2 emissions. These are all high quality plants located in Piedmont, Emilia Romagna, the Marches, Abruzzo, Campania, Puglia, Calabria and Sicily. One other piece of our technological diversification strategy that lets us expand and optimise our energy management portfolio. 

At the beginning of 2019, we acquired 78.5% of a company that manages two photovoltaic power facilities with an overall installed capacity of 51.4 MW in Montalto di Castro (Lazio region), that in 2017 recorded a total output of 95.9 Gwh, corresponding to around 50 kt of avoided CO2 emissions.

 This acquisition allows us to become one of the five leading photovoltaic operators in Italy, with over 140 MW of installed power.

ERG pursues growth in solar power by acquiring a 78.5% stake in two photovoltaic plants (51.4 MW)

Read the press release
published on 12 February 2019
Read the press release
published on 11 January 2019

ERG and QUERCUS: a newco to consolidate Italy's photovoltaic sector

Genoa, 3 August 2018. ERG, leading Italian producer of energy from renewable sources, with over 2,800 MW of installed capacity, and Quercus Assets Selection Sarl, a European fund focused on investments in renewable sources with over Euro 350 million of assets under management, have today signed an agreement for the creation of a public limited company, ERG Q Solar1, to be based in Genoa under the joint ownership of Erg (60%) and the sub-fund Quercus Assets Selection Sarl (40%), with the objective of consolidating the Italian photovoltaic market. The company's incorporation is expected to take place on or before 30 September 2018.

The purpose of the NewCo, which will operate only within Italy, is the acquisition of small solar plants with less than 1 MW of installed capacity, targeting up to 150 MW by the end of 2021. Overall investments are envisaged during the next three years for a maximum amount of 350 million Euro, aiming for at least a "low double digit" equity Internal Rate of Return, also thanks to the implementation of industrial and financial synergies.

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Page updated at 12 Feb 2019