The ERG Group operates in the renewable energy source segment through ERG Renew, a company which, at 30 September 2012, was its wholly owned subsidiary as a result of the takeover bid that ended on 7 June 2011 with the consequent delisting of the subsidiary.
The performance of ERG Renew is based mainly on the wind power generation business. Wind farms consist of wind-power generators that can transform the kinetic energy of wind into mechanical energy, which is used in turn to generate electricity.
In December 2012, ERG reached an agreement with International Power Consolidated Holdings Ltd (100% GDF SUEZ) for the acquisition of an interest in IP Maestrale Investments Ltd, leading operator in Italy in the sector of renewable energy from wind sources with an installed capacity of 636 MW, of which 550 MW in Italy and 86 MW in Germany.
As a result of the acquisition of the assets of GDF SUEZ, closing on February 13th 2013, ERG Renew is Italy’s largest wind energy producer, with an installed capacity of 1,062 MW (including the newly-commissioned Amaroni wind farm, with its installed capacity of 22.5 MW, which is an expansion of the 97.5 MW Fossa del Lupo wind farm) and a 13% market share; in Europe, ERG Renew is among the top ten players with 1,232 MW (1% market share).