ERG Raises 2021 Guidance, Q2 Net Profit Up At EUR 35 Mln
14 days ago
ERG Signs Two PPAs In The United Kingdom For Distribution Of Renewable Energy
About ERG S.p.A
ERG SpA is an Italy-based independent power producer active in the renewable energy sector, which generates energy mostly from wind, solar, hydroelectric and thermoelectric sources. The Company’s activities are divided into three segments: Non-Programmable sources, Programmable sources and Corporate. The Non-Programmable sources segment manages the operations of the wind power production; the Programmable sources segment includes the operations of the thermoelectric and hydroelectric power generation; and the Corporate segment focuses on the administrative activities. The Company operates through its subsidiaries in Europe, mainly in Italy, France and Germany.
Enel is in final negotiations to buy hydroelectric and gas assets from Italian renewable energy company ERG, beating rival offers from competitors including France's Total, daily Il Sole 24 Ore said on Tuesday.
Austrian utility Verbund and Italy's biggest wind power operator ERG are competing to buy assets from Spanish solar developer Grupotec in a deal potentially worth more than 1 billion euros ($1.2 billion) including planned investment, two people familiar with the matter said.
Italian renewable energy company ERG has kicked off the sale of hydroelectric and gas-fired power plant assets worth more than 1 billion euros ($1.2 billion), attracting interest from funds and utilities, three sources told Reuters.