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ERG, July 28th 2023


ERG reported H1 2023 results with adjusted consolidated EBITDA of EUR 263 million, slightly down from EUR 272 million in H1 2022. Adjusted net profit from continuing operations increased to EUR 116 million from EUR 82 million in the previous year. The operating results were affected by very unfavorable wind conditions and declining prices, but the impact was partially offset by the contribution of new operational capacity.
The company took a key step towards a “Wind & Solar” business model with the sale of the CCGT cogeneration plant in Priolo, Syracuse. Additionally, ERG completed the construction and start-up of the 42 MW Partinico-Monreale wind farm in Palermo, with 274 MW of wind power under construction in Sicily. ERG also continued its consolidation in Spain in the solar sector.
The company received recognition for its ESG strategy, with approvals for greenhouse gas emissions reduction targets and upgrades in ratings. ERG’s commitment to sustainable finance was also recognized, as it became part of the Nasdaq Sustainable Bond Network.

Date de publication :28/07/2023

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