ERG Renew - italienischer Wind- und PV-Betreiber - 500 Beiträge pro Seite

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STOCKS NEWS EUROPE-Italian solar sector shines on report
Thu Jan 28, 2010 2:19pm GMT


Shares in Italian renewable energy companies TerniEnergia (TRNI.MI), ERG Renew (ENRT.MI) and Ergy Capital (ECY.MI) jump between 7.4 and 8.2 percent, boosted by a report that planned cuts in solar power incentives would be less than feared.

Under photovoltaic incentives to be announced by the government, subsidies would be cut by an average 6 percent a year from 2012, newspaper MF reports, citing a draft decree. The cut is less than an 8-10 percent drop expected by the industry, it says.

Approval will be positive for solar sector players, analysts say.

The Italian renewable sector "is a very hot market and with this news it is turning boiling hot," says Valentina Boccia of Althesys Strategic Consultants, who compile the Italian renewables index IREX.

Economic Development Undersecretary Stefano Saglia declines to talk about specific figures with reporters.

[selbstaendiger]

Wer betreibt eigentlich unseren Wind - Frau Holle

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The Board of Directors of ERG Renew approves the Consolidated and draft Financial Statements for the year ended 31 December 2009
03 Mar 2010 - Genoa
Document mime-type: application/pdf

Full year 2009
• Revenues: Euro 50.5 million (+ 16% compared to 2008)
• EBITDA: Euro 23.1 million (+ 132% compared to 2008)
• Net result: Euro - 28 million (Euro - 24.4 million in 2008)

Fourth quarter 2009
• Revenues: Euro 16.4 million (+ 34% compared to fourth quarter 2008)
• EBITDA: Euro 8.9 million (Euro - 0.8 million in 2008)
• Net result: Euro – 17.3 million (Euro – 19.7 million in fourth quarter 2008)

Approval of new 2010-2013 business plan providing for investments totalling Euro 254 million, installed capacity of 429 MW and EBITDA exceeding Euro 90 million by 2013.

Raffaele Tognacca resigns as Chairman and Director of ERG Renew, the Board of Directors co-opts Pietro Muti as new Director and appoints Pietro Giordano as new Chairman of ERG Renew.

Francesco Del Balzo, Chief Executive Officer of ERG Renew, commented:
“The 2009 operating result shows a clear improvement, although heavily penalised by non-recurring factors particularly involving the water services and mini-hydro sectors, considered non-strategic for the future. During the course of 2009 the Vicari and Faeto farms became fully operational, with a total capacity of 61 MW. We expect to see a continuation of this growth in 2010 with the start-up of the Fossa del Lupo, Ginestra and Plogastel wind farms."

Pietro Giordano, newly-appointed Chairman of ERG Renew commented:
"As regards the new 2010-2013 plan, the consolidation of the renewables business in Italy and geographical diversification by expanding into new countries will be the main guidelines for our development strategy, which will be enhanced during 2010 and which envisages continuous support and commitment on the part of our majority shareholder.”

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13.07.2010 11:42
Lukoil und ERG Renew arbeiten bei alternativen Energieformen zukünftig zusammen


EMFIS.COM - Moskau/Rom 13.07.2010 (www.emfis.com) Der russische Erdölriese Lukoil und der italienische Experte für erneuerbare Energien ERG Renew haben ein Abkommen über die Zusammenarbeit beo der Vermarktung und Entwicklung von regenerativen Energieformen geschlossen. Insbesondere im Bereich der Windenergie wollen die beiden Unternehmen zukünftig gemeinsam tätig werden.

ERG Renew betreibt zurzeit sechs Windkraftwerke in Italin mit einer Gesamtleistung von 144 Megawatt und sechs in Frankreich mit einer Leistung von 64,4 Megawatt.

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The Board of Directors of ERG Renew
approves the Half-Year Financial Report as at 30 June 2010
Operating Revenues: Euro 29.3 million (+ 27.3% vs. first half of 2009)
EBITDA: Euro 15.1 million (+ 67.6% vs. first half of 2009)
Group net result: Euro 5.6 million (Euro – 6 million in first half of 2009)
Genoa, 4 August 2010 - The Board of Directors of ERG Renew S.p.A., which met yesterday,
approved the Half-Year Financial Report at 30 June 2010. The data for the second quarter, which
were not submitted for approval by the Board of Directors and have not been audited, are to be
construed as pro-forma and are reported in the press release for completeness and continuity of
information.

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rin inne Kartoffeln, raus ausse Kartoffeln...:


MILAN, Dec 14 (Reuters) - Italian oil refiner ERG launched a 29 million euro ($38.9 million) buyout offer for its ERG Renew unit on Tuesday to help fund growth, sending the division's shares up 30 percent.

ERG, which owns about 77 percent of ERG Renew, said it would offer 0.97 euros per share, a premium of more than a third to its prior market price.

ERG, Italy's second-biggest oil refiner, could delist the renewable unit, it said in a statement. It added that the offer was expected to be completed by the end of February.

'ERG is committed to the renewables business and does not want to sell the unit. The idea is to help fund growth and expansion,' a source close to the matter told Reuters.

This year ERG Renew paid around 240 million euros ($322 million) for the assets of Italian renewable company IVPC.

The source said the bid was an alternative to plans for a capital increase at ERG Renew of 200 million euros. The plan had been put on hold because of bad market conditions.

'If the offer is a success obviously the capital hike won't go ahead,' the source said.

In July ERG Renew and Russia's Lukoil signed an agreement to work together in wind business development in Eastern Europe and Russia.

ERG has a put option to place its 51 percent stake in its ISAB refinery in Sicily with Lukoil from December at an agreed floor price of 1 billion euros

ERG said the funding of the buyout offer will have no effect on its dividend policy.

At 1608 GMT ERG Renew shares, which had been suspended from trade ahead of the statement, were up 30.31 percent at 0.9565 euros. ERG shares were up 0.58 percent at 10.47 euros while the STOXX Europe 600 oil and gas index was up 0.81 percent.

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Es gibt keinen Kurs mehr, Geld habe ich aber noch keins bekommen; auf jeden Fall: over-and-out:


ERG implements the Squeeze Out on the ordinary shares of ERG Renew in circulation

The ordinary shares of ERG Renew shall be delisted from the Mercato Telematico Azionario organized and managed by Borsa Italiana S.p.A. starting from today’s date

Genoa, 7 June 2011 - With reference to the joint procedure for the exercise of the squeeze-out right pursuant to Article 111 of the CFA and for the fulfillment of the purchase obligation pursuant to Article 108, paragraph 1, of the CFA (the “Joint Procedure”), ERG S.p.A. (“ERG” or the “Offeror”) informs that, on today’s date, ERG Renew S.p.A. (“ERG Renew” or the “Issuer”) was given confirmation of the deposit and availability of the consideration for the fulfillment of the Joint Procedure on an escrow account of prompt liquidness, opened at Unicredit S.p.A. (the “Escrow Account”). In particular:

- the Joint Procedure refers to the No. 4,108,007 Shares still in circulation, representing 3.096% of the share capital of the Issuer (the “Shares in Circulation”);

- the consideration for the fulfillment of the Joint Procedure will be equal to the price paid under the procedure for the fulfillment of the purchase obligation pursuant to Article 108, paragraph 2, of the CFA, i.e. Euro 0.9735 per share (the “Price of the Joint Procedure”). Therefore, the overall consideration of the Joint Procedure shall be equal to Euro 3,999,144.81 (the “Overall Consideration”);

- upon deposit of the Overall Consideration on the Escrow Account, Unicredit S.p.A. has undertaken - irrevocably and unconditionally - to pay the Price of the Joint Procedure;

- the obligation to pay the Price of the Joint Procedure will be deemed fulfilled once the relevant amount has been paid to the depository intermediaries holding the Shares in Circulation. Shareholders will bear the risk that the depository intermediaries do not transfer the Price of the Joint Procedure or delay its transfer. Pursuant to Article 2949 c.c., lapsed the statute of limitation of five years starting from the date of deposit of the Overall Consideration, the Offeror will have the right to obtain the restitution of the amounts deposited and not collected by shareholders, without prejudice to the provisions of Articles 2941 ff. c.c.;

- through resolution No. 6993 of 30 May 2011, Borsa Italiana S.p.A. resolved upon the delisting of the Issuer’s shares from the Mercato Telematico Azionario organized and managed by the same, effective as of today, 7 June 2011, having suspended the shares from negotiations on 2, 3 and 6 June 2011.


This press release, issued on 7 June 2011 at 11,30 a.m. (CEST), has been drawn up in accordance with the Regulation implementing Legislative Decree no. 58 of 24 February 1998, adopted under CONSOB Resolution 11971/1999, as amended. It is also available to the public at Borsa Italiana S.p.A. (www.borsaitaliana.it) on the ERG’s website (www.erg.it) and on the ERG Renew’s website (www.ergrenew.it).