Edoardo Raffinerie Garrone

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ERG S.p.A.
Public
Traded asBITERG
IndustryRenewable energy[1]
FoundedJune 2, 1938 (1938-06-02)
Headquarters,
Key people
Edoardo Garrone (Chairman)
Luca Bettonte(CEO)
ProductsElectric power [1]
RevenueIncrease €1,056 million[2] (2017)
Increase €207 million [2] (2017)
Total assetsIncrease €3,110 million [2] (2017)
Total equityIncrease €1,877 million [2] (2017)
Number of employees
714 [2] (2017)
Websitewww.erg.eu

ERG S.p.A. is a publicly listed Italian energy company, founded in 1938, and based in Genoa, Italy.

Profile[edit]

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 wind farms, the MW installed are mainly in Italy (1,093), where other ERG's Operations & Maintenance logistics centres are also located. ERG is present with 252 MW in France, 216 MW in Germany, in Romania (70 MW) and in Bulgaria (54 MW).[2] Over the course of 2015, wind farms in Poland became operational (approximately 80 MW).

History[edit]

ERG was founded by Edoardo Guida Garrone in 1938,[3] founding a company for the refining of petroleum. In 1952 signs an agreement to refine the oil on behalf of BP.[4]

During the 1960s and 1970s has started to build some oil refineries and pipelines in Italy, in particular a pipeline in Arquata Scrivia[5] and an oil refinery in Priolo Gargallo (ISAB).[3]

In the 1980s has acquired the petrol stations networks owned by Elf, Chevron and BP in Italy, through ERG Petroli.[3]

Since 1997 the company is listed on the Italian Stock Exchange.[6] In 1999 it opened gas, (petrol), stations network in Spain through ERG Petroleos,[5] sold in 2008 to Saras S.p.A.[7]

In 2008 it signed an agreement with Lukoil, sharing the 49% of oil refinery in Priolo Gargallo.[8][9]

In 2009 it launched its own Mobile virtual network operator: ERG Mobile, becoming the first Italian oil company with its own telecommunications company.[10]

In 2010 ERG Petroli and TotalErg Italia merge in TotalErg, starting operation on October 1, 2010.

In early 2011 ERG reduced its share in ISAB from 51% to 40%.[11] Two years later ERG completed the exit from the refining sector.[12][13]

In the meantime (since 2010) ERG grew in the Italian wind power sector becoming in 2013 the leading wind operator in Italy.[14][15]

Since 2007 ERG started to operate also abroad, in the French[16] and German[17]wind markets, acquiring wind farms also in Bulgaria, Romania, Polonia and United Kingdom.[14]

In 2015 ERG entered the hydroelectric sector, via acquisition of E.On’s Italian assets, with 527 MW of capacity.[18][19] The power plants are located in the Italian regions of Umbria, Marche and Lazio.

In January 2018, ERG completed the closing with the api Group regarding the sale of its 51% shareholding in TotalErg S.p.A, completing its industrial transformation process towards renewables. [14]

In the same year, ERG entered the solar power business[20] through the acquisition of 89 MW (30 photovoltaic plants) in Italy.

Sponsorship[edit]

ERG was the main sponsor of U.C. Sampdoria (until 2011),[21] a football club that was owned by the Garrone family (Riccardo Garrone was the chairman, with Edoardo as the vice-chairman, and Vittorio as director), for more than 9 years.

References[edit]

  1. ^ a b "Reuters - Exclusive: Total, Erg prepare sale of Italian petrol-station network - sources". Retrieved 31 July 2017.
  2. ^ a b c d e f "2017 ERG-Annual Report". Retrieved 2 July 2018.
  3. ^ a b c [1]
  4. ^ [2]
  5. ^ a b [3]
  6. ^ [4]
  7. ^ [5]
  8. ^ [6]
  9. ^ [7], [8]
  10. ^ [9]
  11. ^ "La Erg vende ai russi e incassa 400 milioni". La Repubblica (in Italian). 1 February 2012. Retrieved 22 October 2018.
  12. ^ "ERG waves goodbye to refinery business with stake sale". Reuters. 9 October 2013. Retrieved 22 October 2018.
  13. ^ "Erg, accordo da 1,3 miliardi con Lukoil per le raffinerie". Il Sole 24 Ore (in Italian). 24 June 2008. Retrieved 22 October 2018.
  14. ^ a b c "Garrone (Erg): dal petrolio al vento Come abbiamo «girato» l'azienda". Corriere della Sera (in Italian). 16 April 2018. Retrieved 22 October 2018.
  15. ^ "Erg: «Non siamo più petrolieri ma leader in Italia nell'eolico»". Il Sole 24 Ore (in Italian). 23 May 2016. Retrieved 22 October 2018.
  16. ^ "Si espande in Francia la strategia 100% rinnovabile di Erg". LIFEGATE (in Italian). 9 April 2018. Retrieved 22 October 2018.
  17. ^ "Erg compra 11 parchi eolici in Francia e Germania". Il Sole 24 Ore (in Italian). 15 October 2015. Retrieved 23 October 2018.
  18. ^ "C'è il closing per l'acquisizione di Eon: da Erg rinasce il Nucleo Idroelettrico di Terni". Umbria 24 (in Italian). 30 November 2015. Retrieved 22 October 2018.
  19. ^ ""Erg, futuro verde. Non siamo più petrolieri"". La Stampa (in Italian). 23 May 2015. Retrieved 22 October 2018.
  20. ^ "L'addio di Erg al petrolio, Garrone: "Ora il solare"". La Repubblica (in Italian). 4 November 2017. Retrieved 22 October 2018.
  21. ^ "U.C. Sampdoria e Gamenet, insieme per crescere" (Press release) (in Italian). U.C. Sampdoria. 4 July 2011. Retrieved 31 July 2017.

External links[edit]