Edoardo Raffinerie Garrone
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|Traded as||BIT: ERG|
|Founded||June 2, 1938|
|Edoardo Garrone (Chairman)
|Revenue||€944 million (2015)|
|€24 million (2015)|
|Total assets||€3.224 million (2015)|
|Total equity||€1.626 million (2015)|
Number of employees
|666 (2015 )|
Following a period of profound transformation (sale of the ISAB refinery and of the ISAB Energy power station, the creation of the TotalErg joint venture and the sale of the ERG Oil Sicilia network), ERG Group is now the leading operator in wind energy in Italy and is currently among the top ten in Europe (onshore). It also owns a combined cycle power plant (ERG Power, 480 MW) in Priolo Gargallo in Sicily and recently purchased the Terni (527 MW) hydroelectric unit from EON Produzione.
As regards the geographic distribution of ERG Renew wind farms (93%-owned subsidiary), the MW installed are mainly in Italy (1,087), where other logistics centres of the subsidiary ERG Renew Operations & Maintenance are also located. ERG Renew is present with 252 MW in France, 168 MW in Germany and, through a joint venture, with LUKERG Renew in Romania (77 MW ERG share) and in Bulgaria (27 MW ERG share). Over the course of 2015, wind farms in Poland became operational (approximately 80 MW).
In 2010 ERG Petroli and TotalErg Italia merge in TotalErg, starting operation on October 1, 2010.
ERG has been the main sponsor of U.C. Sampdoria, a football club owned by the Garrone family (Riccardo Garrone was the President, with Edoardo as Vice, and Vittorio as Director), for more than 9 years.