Company DescriptionERG S.p.A., through its subsidiaries, produces energy through renewable sources in Italy, France, Germany, Poland, Bulgaria, and Romania. The company generates electricity through wind, solar, hydroelectric, and thermoelectric power plants, as well as natural gas cogeneration plants. As of December 31, 2021, it had wind farms installed capacity of 2,198 MW; solar plants installed capacity of 220 MW; hydroelectric plants installed capacity of 527 MW; and thermoelectric plants installed capacity of 480 MW. The company was founded in 1938 and is headquartered in Genoa, Italy. ERG S.p.A. is a subsidiary of San Quirico S.p.A.
How the Company Makes MoneyERG S.p.A. generates revenue through the production and sale of electricity derived from renewable energy sources. The company operates wind farms, solar plants, and hydroelectric facilities, selling the electricity they produce to national grids and energy markets. Additionally, ERG benefits from government incentives and subsidies for renewable energy production, which further support its earnings. Key partnerships with technology providers and energy companies enhance its operational capabilities and market reach, contributing to its financial performance.