ERG in the present and in the future
We have changed our way of producing energy without changing our industrial DNA, reinforcing our mission to be independent energy producers, creating valuable projects ready to take advantage of future opportunities thanks to our expertise, flexibility and financial soundness.
Industrial conversion: a successful transformation
ERG completed its transformation in just 10 years. We managed to envisage the changes on the global energy panorama in order to meet the new demands of the market before other companies. By rapidly transforming our business, even if during a period of economic downturn, we have showcased our flexibility and ability to take advantage of our past experience, albeit in a context which has significantly changed in recent years.
This transformation was also reflected in our switch from the Oil to the Utility sector of the stock market. Having completed our business transformation process, in 2016 we embarked on an in-depth corporate, organisational and operational consolidation programme consistent with our new mission and industrial dimension as a European Independent Power Producer. The One Company project led to a significant review of the organisational and corporate structure of the Group with the aim of adapting it to our new business model.
Programmable and non-programmable sources
Wind and solar energy are not programmable while programmable sources, like water and natural gas, can be managed according to energy demand and make it possible to participate in the electricity market as system operators. Electricity cannot be stored and so production must always match consumption.
This is why the efficient planning of production assets is so important. This is the aim of our Energy Management Department, which works to optimise production on the basis of demand from the electricity market.
Energy policies and future projects
The ERG 2018-2022 business plan aims to increase our installed capacity by 850 MW. To do this we increasingly look abroad, and in particular at France, Germany and the UK. ERG invests in renewable energies with the aim of helping to fight climate change and reduce emissions: without radical changes in production and consumption there will be no way out.
The energy transition makes us key players in a sustainable future [link alla sezione Sostenibilità]: we want to set the standard at both national and European level.
We will continue to head in this direction with an approx. €1.7 billion investment programme between 2018 and 2022.
These are the main levers for achieving the goals of the 2018-2022 Business Plan
increase installed capacity by
The energy transition makes us key players in a sustainable future: we want to set the standard at both national and European level. We will continue to head in this direction with an approx. €1.7 billion investment programme between 2018 and 2022.
These are the main levers for achieving the goals of the 2018-2022 Business Plan:
|Greenfield & CoDevelopment|| |
We plan to continue the Group's growth strategy through the organic development or co-development agreements in France, Germany and the UK.
We will continue to take an open approach to renewable energy growth opportunities in countries of interest, leveraging on the experience we have acquired during our transformation process and synergies with our consolidated portfolio.
Considering the technological evolution of the wind energy sector also in Italy, our aim is to implement repowering, completely replacing the plants in farms equipped with obsolete technology but located in windy sites.
Another important objective on the national panorama is reblading, the replacement of dated wind turbine blades with new blades that are more technologically advanced and aerodynamically efficient.