This document provides an overview of ERG S.p.A., an Italian renewable energy company, and summarizes their presentation at the 2nd Mediobanca Italian Infrastructure Conference on December 4-5, 2019 in Sydney. The presentation discusses ERG's industrial transformation from oil refining to renewable energy production over the past two decades. It highlights their diversified portfolio of wind, solar, hydro, and natural gas power generation assets across Europe totaling over 3 GW of installed capacity. The presentation also summarizes ERG's 2018-2022 strategy of sustainable growth through M&A transactions, greenfield development, and repowering projects. Financial projections show targets for adjusted EBITDA of €490-505 million and net
This document provides an overview of an Italian infrastructure company. It discusses the company's history dating back to 1938 and its transformation from oil refining to renewable energy production. The company has invested over €4.7 billion in wind, solar, hydroelectric, and natural gas assets. It is now a leading renewable independent power producer in Europe with over 3 gigawatts of installed capacity across 7 countries. The document also reviews the company's recent financial results, 2019 guidance, and strategic plans to further increase renewable energy capacity through 2023.
The document provides an agenda for the Italian Sustainability Day 2019 event held by ERG in Milan on July 2, 2019. It discusses ERG's successful industrial transformation from oil refining to renewable energy production over several decades. ERG's 2018-2022 business plan focuses on continued growth in renewable installed capacity, repowering of existing wind farms, and sustainability targets around reducing carbon emissions and enhancing human capital.
New base energy news 07 january 2019 issue no 1222 by khaled al awadiKhaled Al Awadi
The Department of Energy in Abu Dhabi has adopted a Business Continuity Policy for the energy sector to enhance performance and ensure a safe and sustainable supply. The policy establishes a unified framework for managing emergencies and is one of the first regulations issued by the Department of Energy. Sound Energy announced further details from its exploration well TE-10 in Morocco, finding additional potential gas reserves. Saudi Aramco and Petronas' RAPID refinery in Malaysia has started trial runs at its crude distillation unit, processing Saudi crude oil.
New base february 12 2022 energy news issue - 1486 by khaled al awadi (auto...Khaled Al Awadi
NewBase February 12-2022 Energy News issue - 1486 by Khaled Al Awadi
NewBase February 12-2022 Energy News issue - 1486 by Khaled Al Awadi (AutoRecovered)
NewBase February 12-2022 Energy News issue - 1486 by Khaled Al Awadi (AutoRecovered)NewBase February 12-2022 Energy News issue - 1486 by Khaled Al Awadi (AutoRecovered)NewBase February 12-2022 Energy News issue - 1486 by Khaled Al Awadi (AutoRecovered)
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New base energy news 10 october 2020 issue no. 1380 senior editor eng...Khaled Al Awadi
Greetings
Pleased to share with you the latest energy news from NewBase Energy News 10 October 2020 - Issue No. 1380
Senior Editor Eng. Khaled Al AwadiGreetings
Pleased to share with you the latest energy news from NewBase Energy News 10 October 2020 - Issue No. 1380
Senior Editor Eng. Khaled Al Awadi
Spanish energy contractor Técnicas Reunidas was awarded a $1.7 billion contract by Saudi Aramco to build a large integrated gasification combined cycle power complex in Saudi Arabia's Jazan Province. The Jazan IGCC complex will convert residue from an adjacent refinery into synthesis gas and will have a total output of approximately 2,400 MW when operational in 2017. Swedish energy company Tethys Oil discovered over 1 billion barrels of heavy oil in Block 4 in Oman that will require enhanced oil recovery techniques to extract, and found both light and heavy crude oils in the block, presenting opportunities. RWE Dea connected its fourth well to production at its natural gas project Disouq in Egypt
The CEO of DEWA and the President of General Electric Gulf discussed developments in energy transformation and renewable energy. They reviewed DEWA's current and ongoing projects and discussed efforts to develop new technologies. The President of GE Gulf outlined solutions and techniques offered by GE for renewable energy, technology, and investments.
New base energy news issue 877 dated 21 june 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase Special 21 June 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• UAE: Dubai Municipality to set up largest plant in Middle East to convert solid waste into energy at cost AED2 billion
• Saudi Arabia's crude oil exports fall in April despite high output
• Egypt: OneSubsea awarded subsea production systems contract for the Zohr development
• Egypt: BP sanctions fast-track development of Atoll discovery in
• Morocco: Sound Energy provides update on the Tendrara and Meridja wells
• Norway: Statoil and partners study Troll post-2020 output expansion
• Myanmar Expected to Export 515 bcf of Gas in 2016-17
• U.S. Gas Hits 9-Month High as Power Use Jumps on Summer Heat
• US:In the Birthplace of U.S. Oil, Methane Gas Is Leaking Everywhere
• Oil prices fall for first time in three days
• Raymond James: Get Ready for $80 Oil
• Shell takes unconventional route with shale refocus
• A Quick Trip to the Oil Patch Shows Energy-Related Losses Rising
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :- khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
This document provides an overview of an Italian infrastructure company. It discusses the company's history dating back to 1938 and its transformation from oil refining to renewable energy production. The company has invested over €4.7 billion in wind, solar, hydroelectric, and natural gas assets. It is now a leading renewable independent power producer in Europe with over 3 gigawatts of installed capacity across 7 countries. The document also reviews the company's recent financial results, 2019 guidance, and strategic plans to further increase renewable energy capacity through 2023.
The document provides an agenda for the Italian Sustainability Day 2019 event held by ERG in Milan on July 2, 2019. It discusses ERG's successful industrial transformation from oil refining to renewable energy production over several decades. ERG's 2018-2022 business plan focuses on continued growth in renewable installed capacity, repowering of existing wind farms, and sustainability targets around reducing carbon emissions and enhancing human capital.
New base energy news 07 january 2019 issue no 1222 by khaled al awadiKhaled Al Awadi
The Department of Energy in Abu Dhabi has adopted a Business Continuity Policy for the energy sector to enhance performance and ensure a safe and sustainable supply. The policy establishes a unified framework for managing emergencies and is one of the first regulations issued by the Department of Energy. Sound Energy announced further details from its exploration well TE-10 in Morocco, finding additional potential gas reserves. Saudi Aramco and Petronas' RAPID refinery in Malaysia has started trial runs at its crude distillation unit, processing Saudi crude oil.
New base february 12 2022 energy news issue - 1486 by khaled al awadi (auto...Khaled Al Awadi
NewBase February 12-2022 Energy News issue - 1486 by Khaled Al Awadi
NewBase February 12-2022 Energy News issue - 1486 by Khaled Al Awadi (AutoRecovered)
NewBase February 12-2022 Energy News issue - 1486 by Khaled Al Awadi (AutoRecovered)NewBase February 12-2022 Energy News issue - 1486 by Khaled Al Awadi (AutoRecovered)NewBase February 12-2022 Energy News issue - 1486 by Khaled Al Awadi (AutoRecovered)
v
New base energy news 10 october 2020 issue no. 1380 senior editor eng...Khaled Al Awadi
Greetings
Pleased to share with you the latest energy news from NewBase Energy News 10 October 2020 - Issue No. 1380
Senior Editor Eng. Khaled Al AwadiGreetings
Pleased to share with you the latest energy news from NewBase Energy News 10 October 2020 - Issue No. 1380
Senior Editor Eng. Khaled Al Awadi
Spanish energy contractor Técnicas Reunidas was awarded a $1.7 billion contract by Saudi Aramco to build a large integrated gasification combined cycle power complex in Saudi Arabia's Jazan Province. The Jazan IGCC complex will convert residue from an adjacent refinery into synthesis gas and will have a total output of approximately 2,400 MW when operational in 2017. Swedish energy company Tethys Oil discovered over 1 billion barrels of heavy oil in Block 4 in Oman that will require enhanced oil recovery techniques to extract, and found both light and heavy crude oils in the block, presenting opportunities. RWE Dea connected its fourth well to production at its natural gas project Disouq in Egypt
The CEO of DEWA and the President of General Electric Gulf discussed developments in energy transformation and renewable energy. They reviewed DEWA's current and ongoing projects and discussed efforts to develop new technologies. The President of GE Gulf outlined solutions and techniques offered by GE for renewable energy, technology, and investments.
New base energy news issue 877 dated 21 june 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase Special 21 June 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• UAE: Dubai Municipality to set up largest plant in Middle East to convert solid waste into energy at cost AED2 billion
• Saudi Arabia's crude oil exports fall in April despite high output
• Egypt: OneSubsea awarded subsea production systems contract for the Zohr development
• Egypt: BP sanctions fast-track development of Atoll discovery in
• Morocco: Sound Energy provides update on the Tendrara and Meridja wells
• Norway: Statoil and partners study Troll post-2020 output expansion
• Myanmar Expected to Export 515 bcf of Gas in 2016-17
• U.S. Gas Hits 9-Month High as Power Use Jumps on Summer Heat
• US:In the Birthplace of U.S. Oil, Methane Gas Is Leaking Everywhere
• Oil prices fall for first time in three days
• Raymond James: Get Ready for $80 Oil
• Shell takes unconventional route with shale refocus
• A Quick Trip to the Oil Patch Shows Energy-Related Losses Rising
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :- khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Greetings,
Attached FYI ( NewBase Special 16 March 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Saudi ACWA Power’s Bokpoort CSP project in South Africa unveiled
• Qatar:Economic diversification reins in oil impact: Minister
• India Mulls Shutting Oldest Nuclear Plants Amid Mounting Costs
• Senegal: Cairn Energy spuds BEL-1 offshore Senegal
• Tanzania: Aminex announces Kiliwani North update
• US: Obama Bars Atlantic Offshore Oil Drilling in Policy Reversal
• Hydraulic fracturing accounts for about half of current U.S. crude oil production
• Russia: NOVATEK completes deal to sell 9.9% stake in Yamal LNG to China's Silk Road
• Fund Oil prices rise as US producers struggle, focus shifts to inventory
• Oil Leaks and Disruptions Doing the Job That Producers Won't
• Near-Record Cash `Comfort' for Canada Oil Firms Amid Price Rout
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Attached FYI ( NewBase Special 09 March 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Solar Impuls 2 has taken off for first round-the-world solar flight
• ME oil and gas transaction activity subdued in 2014
• Norway: Lundin Petroleum spuds exploration well on the Morkel Prospect
• Uganda: Tullow, Partners May Invest $14 Billion in Oil Fields
• Philippines: Supply shortages lead to rolling power outages
• Turkey: Russia’s bid for Turkish Stream Gas Pipeline
• US: petroleum product exports increase for 13th consecutive year, setting record
• Kuwaiti oil minister warns crude price is tied to global economic recovery
• Opec shouldn't cut output to ‘subsidise’ shale: Badri
As this daily news periodical is free for you, we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
IPP Utility Scale Solar PV Project Development RoadmapFadi Maalouf, PMP
The document provides an overview of an 8-phase roadmap for developing an independent power producer (IPP) solar photovoltaic (PV) project from initial business development through operations and maintenance. The roadmap outlines key activities and deliverables in each phase, including concept development, feasibility studies, contracting, design, construction, and commissioning. It also includes "gates" or approval points between phases to review progress and ensure the project remains viable before advancing further.
New base energy news 11 may 2020 issue no. 1337 senior editor eng. khale...Khaled Al Awadi
The UAE's Barakah nuclear power plant is on track to meet timelines, according to the CEO of Emirates Nuclear Energy Corporation. Unit 1 is in an advanced stage and is expected to reach criticality soon. Construction is complete at units 2, 3, and 4 and testing is underway. The COVID-19 pandemic has not derailed plans and 700 employees are working to meet timelines. In Oman, the $6.7 billion Liwa Plastics petrochemical project has entered the commissioning phase, which will boost Oman's production of plastics. In Iraq, Norwegian company DNO has completed testing of an exploration well and announced budget cuts of $350 million or 35% due to the
New base 23 december 2019 energy news issue 1304 by khaled al awadi -compr...Khaled Al Awadi
Greetings,
Pleased to be able to share with you our latest energy news via NewBase Energy News 23 December 2019 - Issue No. 1304 Senior Editor Eng. Khaled Al Awadi .
Please share as you wish.
Regards
Khaled Al Awadi
Your Energy ConsultantGreetings,
Pleased to be able to share with you our latest energy news via NewBase Energy News 23 December 2019 - Issue No. 1304 Senior Editor Eng. Khaled Al Awadi .
Please share as you wish.
Regards
Khaled Al Awadi
Your Energy ConsultantGreetings,
Pleased to be able to share with you our latest energy news via NewBase Energy News 23 December 2019 - Issue No. 1304 Senior Editor Eng. Khaled Al Awadi .
Please share as you wish.
Regards
Khaled Al Awadi
Your Energy Consultant
New base february 22 2022 energy news issue - 1489 by khaled al awadi-compr...Khaled Al Awadi
NewBase February 22-2022 Energy News issue - 1489 by Khaled Al Awadi
NewBase February 22-2022 Energy News issue - 1489 by Khaled Al Awadi
NewBase February 22-2022 Energy News issue - 1489 by Khaled Al Awadi
NewBase February 22-2022 Energy News issue - 1489 by Khaled Al Awadi
NewBase February 22-2022 Energy News issue - 1489 by Khaled Al Awadi
New base energy news 17 june 2019 issue no 1252 by khaled al awadiKhaled Al Awadi
The Jordan Times reports that the Jordanian Prime Minister inaugurated a $210 million strategic oil reserve project funded by Abu Dhabi that can store 350,000 tonnes of fuel. This will provide Jordan with reserves to last 34 days for diesel, 30 days for gasoline, 34 days for jet fuel, and 16 days for liquefied petroleum gas. The Prime Minister hopes to eventually increase reserves to cover 3 months of consumption. Petroleum Development Oman is also working to monetize natural gas that would otherwise be flared by developing projects to use it for power generation.
Orpic, Oman's national oil and petrochemical company, will invest in a flare gas recovery system at its Sohar Refinery. The project aims to recover vent gases that would otherwise be flared and use the compressed recovered gas as fuel. It is part of Orpic's efforts to reduce emissions and flaring. Previous initiatives have already reduced flaring at the refinery by 60% compared to 2011 levels. The new project involves collecting, compressing, and physically separating flare gases for reuse as fuel.
Masdar City in Abu Dhabi has launched new solar-powered eco-villlas that will generate enough solar energy each year to power themselves. The eco-villas use various design techniques like solar panels, natural lighting, and energy efficient appliances to reduce their annual energy demand below the amount the solar panels will generate. This will reduce carbon emissions and lessen demand on the electric grid compared to standard villas. Meanwhile, Gamesa has won a contract in Egypt to construct a 220 MW wind farm using its 2 MW wind turbines. Also, BP plans to begin investing this year in an Egyptian gas project that could supply 30% of the country's gas needs by 2019.
New base energy news 16 august 2018 no 1195 by khaled al awadi-compressedKhaled Al Awadi
NewBase Energy News16 August 2018 - Issue No. 1195 Senior Editor Eng. Khaled Al Awadi
Containing the latest energy news for you and your team, please feel free to share with all
UAE-based Marsol International and Aubin Group have partnered to provide a pigging solution for non-piggable pipelines, which involves using pipeline preservation fluid to displace oil in pipelines. They successfully tested this on three 48-inch pipelines, saving a client over $3 million. The partnership will now offer this solution in the Middle East, Far East, and Africa.
Iraq's crude oil exports in April averaged 2.5 million bpd, higher than March but still below its 2014 target, due in part to repeated attacks on a northern pipeline. The damaged pipeline could be fixed quickly but security is needed to protect it first.
Oman Oil has hired JPMorgan to advise on seeking
Access Power MEA has been awarded a contract to develop Uganda's first solar power plant, a 10 MWp facility in Soroti. The $17 million project will provide power for 40,000 households and is expected to be completed by December 2015. It was selected through Uganda's GET FiT program and will sell power at $0.1638/kWh, while end users pay $0.11/kWh. BP plans to invest over $12 billion in Egypt's energy sector in the next 5 years, aiming to double its gas supplies to the domestic market and developing the West Nile Delta project. Egypt also plans to repay $4.9 billion in debts to oil and gas companies within 6 months.
New base special 19 january 2014 khaled al alwadi liKhaled Al Awadi
Exxon Mobil has pulled its staff from Abu Dhabi's onshore oil fields after its concession agreement with Adnoc expired earlier this month, unlike other major oil companies. Gulf countries are embracing renewable energy to reduce reliance on oil and gas, with Saudi Arabia planning to generate 54,000 megawatts of renewable energy by 2032 through solar, wind, waste-to-energy and geothermal projects costing over $100 billion. The UAE is leading renewable energy projects in the Gulf region to diversify energy sources and meet rising power demand, with Abu Dhabi targeting 7% of energy from renewables by 2020.
The document summarizes key findings from the World Energy Outlook 2012 report. It finds that:
1) Global energy demand is projected to increase over one-third by 2035, driven primarily by rising living standards in China, India, and the Middle East.
2) The US is undergoing an energy transformation through surging production of unconventional oil and gas. Iraq's oil production is also poised for major expansion, making it the second largest exporter by the 2030s.
3) Renewable energy subsidies totaled $88 billion in 2011 but $4.8 trillion is needed globally through 2035, with over half already committed or needed to meet 2020 targets.
Greetings,
Attached FYI ( NewBase Special 03 March 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Oman: DIDIC confirms award of 3,219 MW power scheme to Mitsui-led consortium
• Jordan: Acwa buys into solar power project in Jordan
• Egypt: SacOil Achieves 1,000 Bopd Production Target at Lagia Oilfield
• Uganda Says Plans Oil Pipeline Through Tanzania
• US: California wholesale gasoline price falls before switch to summer-grade gasoline
• Oil prices edge up on rising confidence that market has bottomed
• Reuters POLL-Oil to average just over $40 a barrel in 2016
• Oil and Gas Drillers in the U.S. Ready to Party Like It's 1859
• Apply energy savings to energy efficiency projects
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
New base march 07 2022 energy news issue - 1492 by khaled al awadiKhaled Al Awadi
NewBase March 07-2022 Energy News issue - 1492 by Khaled Al AwadiNewBase March 07-2022 Energy News issue - 1492 by Khaled Al Awadi
NewBase March 07-2022 Energy News issue - 1492 by Khaled Al AwadiNewBase March 07-2022 Energy News issue - 1492 by Khaled Al Awadi
NewBase March 07-2022 Energy News issue - 1492 by Khaled Al Awadi
The UAE Energy Minister said that the current low oil prices could boost global economic growth in 2015 higher than expected. This is because lower oil prices stimulate economic activity. However, the oversupply of oil needs to be absorbed and may take months or years to resolve fully. The IMF has forecasted UAE GDP growth of 4.5% in 2015 due to stronger non-oil sectors. Additionally, Gulfsands Petroleum discovered gas deposits in Morocco and ConocoPhillips started production from its Eldfisk II project in Norway.
Kuwait is inviting bids for a new $15 billion oil refinery in May 2014 as part of efforts to modernize its oil sector. Kuwait currently produces 3.3 million barrels of oil per day but aims to increase production to 4 million barrels per day by 2020. Completion of the new refinery and an upgrade to existing refineries will increase Kuwait's oil refining capacity from 930,000 to 1.4 million barrels per day by 2018. Shell has exported the first shipment of crude oil from the Majnoon oilfield in Iraq, reaching an average production of 210,000 barrels per day. Petroceltic provided an update on its drilling operations in Iraqi Kurdistan, stating that wireline logs
Seventeen Japanese companies and two other organizations will showcase solar power technologies at the World Future Energy Summit 2015 in Abu Dhabi, including space-based solar power systems and a floating city concept powered by solar. Saudi Arabia plans to invest $91 billion over 10 years to expand its petrochemical industry and increase production capacity. A joint venture between Saudi Arabian Mining Company and Alcoa has produced the first alumina from local Saudi bauxite at their integrated aluminum complex in Ras Al Khair, a significant milestone.
ERG @ Digital Sustainability Week (July 2020)ERG S.p.A.
This document provides an agenda for Digital Sustainability Week from June 29th to July 3rd 2020. It discusses ERG's successful industrial transformation from oil refining to renewable energy production over several decades. ERG has installed over 3 GW of wind, solar, hydro, and natural gas capacity across Europe and reduced its carbon intensity by 90% since entering renewables. The company's 2018-2022 business plan and ESG strategy focus on continued renewable capacity growth, reducing carbon emissions, and supporting local communities.
ERG provides a company overview and agenda for their January 2019 document. They discuss their successful industrial transformation from oil to renewables, with over €3.6 billion in oil-linked disposals and €4.3 billion in renewable investments between 2008-2018. Their strategy for 2018-2022 focuses on co-development and greenfield projects abroad, and repowering and reblading in Italy. They provide updates on recent developments including acquisitions boosting their UK wind pipeline to 163MW and greenfield projects securing over 247MW across multiple countries. M&A will also support growth in key geographies.
Greetings,
Attached FYI ( NewBase Special 16 March 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Saudi ACWA Power’s Bokpoort CSP project in South Africa unveiled
• Qatar:Economic diversification reins in oil impact: Minister
• India Mulls Shutting Oldest Nuclear Plants Amid Mounting Costs
• Senegal: Cairn Energy spuds BEL-1 offshore Senegal
• Tanzania: Aminex announces Kiliwani North update
• US: Obama Bars Atlantic Offshore Oil Drilling in Policy Reversal
• Hydraulic fracturing accounts for about half of current U.S. crude oil production
• Russia: NOVATEK completes deal to sell 9.9% stake in Yamal LNG to China's Silk Road
• Fund Oil prices rise as US producers struggle, focus shifts to inventory
• Oil Leaks and Disruptions Doing the Job That Producers Won't
• Near-Record Cash `Comfort' for Canada Oil Firms Amid Price Rout
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Attached FYI ( NewBase Special 09 March 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Solar Impuls 2 has taken off for first round-the-world solar flight
• ME oil and gas transaction activity subdued in 2014
• Norway: Lundin Petroleum spuds exploration well on the Morkel Prospect
• Uganda: Tullow, Partners May Invest $14 Billion in Oil Fields
• Philippines: Supply shortages lead to rolling power outages
• Turkey: Russia’s bid for Turkish Stream Gas Pipeline
• US: petroleum product exports increase for 13th consecutive year, setting record
• Kuwaiti oil minister warns crude price is tied to global economic recovery
• Opec shouldn't cut output to ‘subsidise’ shale: Badri
As this daily news periodical is free for you, we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
IPP Utility Scale Solar PV Project Development RoadmapFadi Maalouf, PMP
The document provides an overview of an 8-phase roadmap for developing an independent power producer (IPP) solar photovoltaic (PV) project from initial business development through operations and maintenance. The roadmap outlines key activities and deliverables in each phase, including concept development, feasibility studies, contracting, design, construction, and commissioning. It also includes "gates" or approval points between phases to review progress and ensure the project remains viable before advancing further.
New base energy news 11 may 2020 issue no. 1337 senior editor eng. khale...Khaled Al Awadi
The UAE's Barakah nuclear power plant is on track to meet timelines, according to the CEO of Emirates Nuclear Energy Corporation. Unit 1 is in an advanced stage and is expected to reach criticality soon. Construction is complete at units 2, 3, and 4 and testing is underway. The COVID-19 pandemic has not derailed plans and 700 employees are working to meet timelines. In Oman, the $6.7 billion Liwa Plastics petrochemical project has entered the commissioning phase, which will boost Oman's production of plastics. In Iraq, Norwegian company DNO has completed testing of an exploration well and announced budget cuts of $350 million or 35% due to the
New base 23 december 2019 energy news issue 1304 by khaled al awadi -compr...Khaled Al Awadi
Greetings,
Pleased to be able to share with you our latest energy news via NewBase Energy News 23 December 2019 - Issue No. 1304 Senior Editor Eng. Khaled Al Awadi .
Please share as you wish.
Regards
Khaled Al Awadi
Your Energy ConsultantGreetings,
Pleased to be able to share with you our latest energy news via NewBase Energy News 23 December 2019 - Issue No. 1304 Senior Editor Eng. Khaled Al Awadi .
Please share as you wish.
Regards
Khaled Al Awadi
Your Energy ConsultantGreetings,
Pleased to be able to share with you our latest energy news via NewBase Energy News 23 December 2019 - Issue No. 1304 Senior Editor Eng. Khaled Al Awadi .
Please share as you wish.
Regards
Khaled Al Awadi
Your Energy Consultant
New base february 22 2022 energy news issue - 1489 by khaled al awadi-compr...Khaled Al Awadi
NewBase February 22-2022 Energy News issue - 1489 by Khaled Al Awadi
NewBase February 22-2022 Energy News issue - 1489 by Khaled Al Awadi
NewBase February 22-2022 Energy News issue - 1489 by Khaled Al Awadi
NewBase February 22-2022 Energy News issue - 1489 by Khaled Al Awadi
NewBase February 22-2022 Energy News issue - 1489 by Khaled Al Awadi
New base energy news 17 june 2019 issue no 1252 by khaled al awadiKhaled Al Awadi
The Jordan Times reports that the Jordanian Prime Minister inaugurated a $210 million strategic oil reserve project funded by Abu Dhabi that can store 350,000 tonnes of fuel. This will provide Jordan with reserves to last 34 days for diesel, 30 days for gasoline, 34 days for jet fuel, and 16 days for liquefied petroleum gas. The Prime Minister hopes to eventually increase reserves to cover 3 months of consumption. Petroleum Development Oman is also working to monetize natural gas that would otherwise be flared by developing projects to use it for power generation.
Orpic, Oman's national oil and petrochemical company, will invest in a flare gas recovery system at its Sohar Refinery. The project aims to recover vent gases that would otherwise be flared and use the compressed recovered gas as fuel. It is part of Orpic's efforts to reduce emissions and flaring. Previous initiatives have already reduced flaring at the refinery by 60% compared to 2011 levels. The new project involves collecting, compressing, and physically separating flare gases for reuse as fuel.
Masdar City in Abu Dhabi has launched new solar-powered eco-villlas that will generate enough solar energy each year to power themselves. The eco-villas use various design techniques like solar panels, natural lighting, and energy efficient appliances to reduce their annual energy demand below the amount the solar panels will generate. This will reduce carbon emissions and lessen demand on the electric grid compared to standard villas. Meanwhile, Gamesa has won a contract in Egypt to construct a 220 MW wind farm using its 2 MW wind turbines. Also, BP plans to begin investing this year in an Egyptian gas project that could supply 30% of the country's gas needs by 2019.
New base energy news 16 august 2018 no 1195 by khaled al awadi-compressedKhaled Al Awadi
NewBase Energy News16 August 2018 - Issue No. 1195 Senior Editor Eng. Khaled Al Awadi
Containing the latest energy news for you and your team, please feel free to share with all
UAE-based Marsol International and Aubin Group have partnered to provide a pigging solution for non-piggable pipelines, which involves using pipeline preservation fluid to displace oil in pipelines. They successfully tested this on three 48-inch pipelines, saving a client over $3 million. The partnership will now offer this solution in the Middle East, Far East, and Africa.
Iraq's crude oil exports in April averaged 2.5 million bpd, higher than March but still below its 2014 target, due in part to repeated attacks on a northern pipeline. The damaged pipeline could be fixed quickly but security is needed to protect it first.
Oman Oil has hired JPMorgan to advise on seeking
Access Power MEA has been awarded a contract to develop Uganda's first solar power plant, a 10 MWp facility in Soroti. The $17 million project will provide power for 40,000 households and is expected to be completed by December 2015. It was selected through Uganda's GET FiT program and will sell power at $0.1638/kWh, while end users pay $0.11/kWh. BP plans to invest over $12 billion in Egypt's energy sector in the next 5 years, aiming to double its gas supplies to the domestic market and developing the West Nile Delta project. Egypt also plans to repay $4.9 billion in debts to oil and gas companies within 6 months.
New base special 19 january 2014 khaled al alwadi liKhaled Al Awadi
Exxon Mobil has pulled its staff from Abu Dhabi's onshore oil fields after its concession agreement with Adnoc expired earlier this month, unlike other major oil companies. Gulf countries are embracing renewable energy to reduce reliance on oil and gas, with Saudi Arabia planning to generate 54,000 megawatts of renewable energy by 2032 through solar, wind, waste-to-energy and geothermal projects costing over $100 billion. The UAE is leading renewable energy projects in the Gulf region to diversify energy sources and meet rising power demand, with Abu Dhabi targeting 7% of energy from renewables by 2020.
The document summarizes key findings from the World Energy Outlook 2012 report. It finds that:
1) Global energy demand is projected to increase over one-third by 2035, driven primarily by rising living standards in China, India, and the Middle East.
2) The US is undergoing an energy transformation through surging production of unconventional oil and gas. Iraq's oil production is also poised for major expansion, making it the second largest exporter by the 2030s.
3) Renewable energy subsidies totaled $88 billion in 2011 but $4.8 trillion is needed globally through 2035, with over half already committed or needed to meet 2020 targets.
Greetings,
Attached FYI ( NewBase Special 03 March 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Oman: DIDIC confirms award of 3,219 MW power scheme to Mitsui-led consortium
• Jordan: Acwa buys into solar power project in Jordan
• Egypt: SacOil Achieves 1,000 Bopd Production Target at Lagia Oilfield
• Uganda Says Plans Oil Pipeline Through Tanzania
• US: California wholesale gasoline price falls before switch to summer-grade gasoline
• Oil prices edge up on rising confidence that market has bottomed
• Reuters POLL-Oil to average just over $40 a barrel in 2016
• Oil and Gas Drillers in the U.S. Ready to Party Like It's 1859
• Apply energy savings to energy efficiency projects
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
New base march 07 2022 energy news issue - 1492 by khaled al awadiKhaled Al Awadi
NewBase March 07-2022 Energy News issue - 1492 by Khaled Al AwadiNewBase March 07-2022 Energy News issue - 1492 by Khaled Al Awadi
NewBase March 07-2022 Energy News issue - 1492 by Khaled Al AwadiNewBase March 07-2022 Energy News issue - 1492 by Khaled Al Awadi
NewBase March 07-2022 Energy News issue - 1492 by Khaled Al Awadi
The UAE Energy Minister said that the current low oil prices could boost global economic growth in 2015 higher than expected. This is because lower oil prices stimulate economic activity. However, the oversupply of oil needs to be absorbed and may take months or years to resolve fully. The IMF has forecasted UAE GDP growth of 4.5% in 2015 due to stronger non-oil sectors. Additionally, Gulfsands Petroleum discovered gas deposits in Morocco and ConocoPhillips started production from its Eldfisk II project in Norway.
Kuwait is inviting bids for a new $15 billion oil refinery in May 2014 as part of efforts to modernize its oil sector. Kuwait currently produces 3.3 million barrels of oil per day but aims to increase production to 4 million barrels per day by 2020. Completion of the new refinery and an upgrade to existing refineries will increase Kuwait's oil refining capacity from 930,000 to 1.4 million barrels per day by 2018. Shell has exported the first shipment of crude oil from the Majnoon oilfield in Iraq, reaching an average production of 210,000 barrels per day. Petroceltic provided an update on its drilling operations in Iraqi Kurdistan, stating that wireline logs
Seventeen Japanese companies and two other organizations will showcase solar power technologies at the World Future Energy Summit 2015 in Abu Dhabi, including space-based solar power systems and a floating city concept powered by solar. Saudi Arabia plans to invest $91 billion over 10 years to expand its petrochemical industry and increase production capacity. A joint venture between Saudi Arabian Mining Company and Alcoa has produced the first alumina from local Saudi bauxite at their integrated aluminum complex in Ras Al Khair, a significant milestone.
ERG @ Digital Sustainability Week (July 2020)ERG S.p.A.
This document provides an agenda for Digital Sustainability Week from June 29th to July 3rd 2020. It discusses ERG's successful industrial transformation from oil refining to renewable energy production over several decades. ERG has installed over 3 GW of wind, solar, hydro, and natural gas capacity across Europe and reduced its carbon intensity by 90% since entering renewables. The company's 2018-2022 business plan and ESG strategy focus on continued renewable capacity growth, reducing carbon emissions, and supporting local communities.
ERG provides a company overview and agenda for their January 2019 document. They discuss their successful industrial transformation from oil to renewables, with over €3.6 billion in oil-linked disposals and €4.3 billion in renewable investments between 2008-2018. Their strategy for 2018-2022 focuses on co-development and greenfield projects abroad, and repowering and reblading in Italy. They provide updates on recent developments including acquisitions boosting their UK wind pipeline to 163MW and greenfield projects securing over 247MW across multiple countries. M&A will also support growth in key geographies.
This document provides a summary of a company press meeting that took place on October 20, 2018 in Genoa. It discusses the company's successful industrial transformation from oil to renewables through strategic divestments and investments. The agenda covers the company's 2018-2022 business plan, recent developments in its business model, focus on technical expertise, the ongoing energy transition, financial targets, and mid-year 2018 results.
This document provides an agenda and background information for the Italian Sustainability Day 2018 conference in Milan on July 2, 2018. It summarizes ERG's transformation from an oil company into a renewable energy company, with an installed capacity that will grow from 2.8GW in 2017 to around 3.6GW by 2022 through greenfield development, repowering, and M&A. It also outlines ERG's strategic focus on sustainability, with goals such as increasing annual green energy production to around 10TWh and reducing CO2 emissions by 15 million tons by 2022.
ERG - italian investment conference 24-05-17ERG S.p.A.
This document contains certain forward-looking information that is subject
to a number of factors that may influence the accuracy of the statements
and the projections upon which the statements are based.
There can be non assurance that the projections or forecasts will ultimately
prove to be accurate; accordingly, the Company makes no representation or
warranty as to the accuracy of such information or the likelihood that the
Company will perform as projected.
Luca Bettonte, CEO of ERG, presented the company's full year 2019 results. Key highlights included adjusted EBITDA of €504 million, adjusted net profit of €104 million, and adjusted net financial position of €1,476 million. Business growth continued with further onshore wind and solar capacity additions. Despite challenging conditions in core markets, ERG executed on its business plan and remained on track to achieve its 2022 targets. Guidance for 2020 forecasts higher adjusted EBITDA and lower capex versus 2019.
This document provides an overview of PT Adaro Energy Indonesia Tbk. It begins with a disclaimer stating that the information presented has not been independently verified. It then notes that the document contains forward-looking statements regarding expectations and intentions that are subject to risks and uncertainties. Finally, it specifies that the materials do not constitute an offer or solicitation to purchase securities and any investment decision should be made after seeking professional advice.
ERG reported strong second quarter 2018 results, with adjusted EBITDA of €277 million, up 8% from the second quarter of 2017. Wind generation was impacted by weak wind conditions, while hydro benefited from strong hydrological resources. The company increased its 2018 adjusted EBITDA guidance to a range of €490-500 million and net debt guidance to approximately €1.35 billion, following the acquisition of a wind farm project in the UK. Liability management actions in the first half of 2018 resulted in a €4.5 million reduction in annual net financial costs.
This document provides a company profile for a renewable energy company. It details the company's current installed renewable energy capacity, including 2,500MW of wind, 150MW of solar, 527MW of water, and 480MW of natural gas. The company's annual production is projected to be around 10TWh by 2022, with a total energy portfolio of around 15TWh including hedging and other sales. The profile also provides a brief history of the company and encourages following the company on social media.
Corporate Presentation CPFL Energia - May 2017CPFL RI
This document provides an overview of CPFL Energia, including:
1) CPFL Energia is the largest integrated private electricity company in Brazil with a market cap of R$26.5 billion and presence in distribution, generation, renewable energy and services.
2) In the last 12 months, CPFL Energia achieved an EBITDA of R$4,287 million and net income of R$879 million.
3) CPFL Energia has 9 distribution subsidiaries serving 9.3 million customers, 3,258 MW of installed generation capacity of which 94% is renewable, and is a leader in value-added energy services in Brazil.
This document provides a summary of FY 2018 results and a strategy update for Luca Bettonte, CEO. The key highlights are that adjusted EBITDA came in at €491 million, within guidance range, and net financial position was €1,343 million, consistent with revised guidance. Guidance for 2019 projects adjusted EBITDA of €495-€515 million, capex of €340-€370 million, and net financial position of €1,360-€1,440 billion. The presentation also provides an update to ERG's 2018-2022 business plan, outlining progress on greenfield development, repowering, and capacity growth targets.
Mai Tecnimoont Overview November 2019.pdfARVINARSENAL
1. Maire Tecnimont Group is a leading global contractor in the oil & gas and infrastructure sectors, with over 120 years of experience.
2. The Group has two main business units: Hydrocarbons, focusing on oil & gas downstream projects, and Green Energy, developing technologies for the renewable energy and green chemistry industries.
3. Maire Tecnimont has established itself as a technology leader through its portfolio of over 1,200 patents and track record of over 250 licensed urea plants and 67 polyethylene plants delivered since 1970.
This document provides a summary of ERG's 2015-2018 business plan, which focuses on expanding and diversifying the company's renewable energy portfolio. Key points include:
- ERG recently invested €950 million to acquire 527MW of hydroelectric capacity and €500 million to add 370MW of wind farms.
- The plan aims to further increase installed wind capacity to over 1,700MW by 2018 through 200MW of new organic growth projects internationally.
- Other strategic priorities include consolidating newly acquired hydro and wind assets, pursuing operational efficiencies, and developing an energy management business to control portfolio risks.
2Q 2019 Results
- Adjusted EBITDA was €110 million, down slightly from €114 million in 2Q 2018.
- Greenfield development pipeline remains on track at approximately 350MW.
- Repowering and reblading projects are progressing with additional capacity in the authorization and engineering phases.
- 2019 guidance was fine-tuned with an Adjusted EBITDA range of €495-505 million and Adjusted NFP revised to €1.39-1.47 billion.
Kengen is a Kenyan power company that aims to generate 3,000MW of power by 2018 (Horizon II of its "Good to Great" plan). As of 2015, installed capacity was 1,537MW, making the Horizon II target unlikely. Kengen plans to raise capital through a rights issue and debt conversion to equity to fund projects that could add 1,000MW by 2018. However, the company has high capital expenditures, accounting policies that boost profits, and is expected to have slowing growth. The analyst recommends selling the stock, as its ambitious expansion plans threaten cash flows and it is unlikely to deliver long-term value.
In 3 sentences:
CPFL Renováveis reported its 3Q14 results, with operating capacity reaching 1,495 MW and net revenue of R$344 million, up 28% year-over-year. EBITDA was R$218 million, a 47% increase, though extraordinary expenses impacted results. The company also completed its association with DESA, adding over 300 MW of contracted capacity.
- 3Q 2019 adjusted EBITDA was €107 million, slightly higher than the €105 million in 3Q 2018.
- Wind, hydro, and CCGT saw higher adjusted EBITDA compared to last year while solar was lower.
- Total investments in 9M 2019 were €401 million, primarily driven by M&A activity including the Barkow acquisition.
- Guidance for full-year 2019 adjusted EBITDA was confirmed at €495-505 million while net debt and CAPEX guidance ranges were revised.
India has taken steps to promote sustainable development and address climate change through initiatives like the National Action Plan on Climate Change and increasing access to clean energy. The document discusses India's energy sector, noting its reliance on coal but plans to install only supercritical thermal units and improve efficiency. It outlines responsibilities to promote sustainable development, universal energy access, and reduce energy intensity while deploying low greenhouse gas technologies and decarbonizing the energy sector. India aims to achieve renewable energy targets through supporting solar, wind, hydro and nuclear power.
Eni's strategy presentation outlines plans for 2019-2022 focusing on organic growth, renewables expansion, upstream growth, and circular economy initiatives. Key targets include doubling the LNG portfolio by 2022, 3.5% annual upstream production growth, and over €900 million invested in decarbonization efforts. The strategy aims to balance capital discipline with sustainable long-term growth through projects increasing efficiency, natural gas production, and zero carbon energy sources.
IEA Technology roadmap solar photovoltaic energy 2014 Andrew Gelston
This document provides a summary and update of the International Energy Agency's 2014 technology roadmap for solar photovoltaic energy. It envisions solar PV providing up to 16% of global electricity by 2050, compared to 11% in the 2010 roadmap. Significant cost reductions have already been achieved, with further reductions possible through targeted research and development. Large-scale integration of variable solar PV will require measures to ensure grid stability and flexibility. Clear and predictable policy support is needed to continue driving down costs and overcoming non-economic barriers to deployment in order to achieve the roadmap's vision.
Similar to 2nd Mediobanca Italian Infrastructure Conference (20)
Luca Bettonte, CEO, presented the company's 2Q 2020 results. Key highlights included adjusted EBITDA of €263 million for 1H 2020, in line with guidance despite challenging market conditions from COVID-19. Total investments were €86 million for the period. Project pipelines remained on track with 280MW under construction/ready-to-build projects. Guidance for 2020 was confirmed with adjusted EBITDA of €480-500 million and net debt of €1.35-1.43 billion.
1. ERG reported results for 1Q 2020, with adjusted EBITDA of €156 million, down slightly from €164 million in 1Q 2019 due to weaker wind conditions in Italy and a tough price environment exacerbated by Covid-19.
2. In response to Covid-19, ERG implemented remote working for over 70% of employees and safety measures at production sites while continuing operations as an essential service. ERG also allocated €2 million to local healthcare systems.
3. Guidance for 2020 was revised downward with adjusted EBITDA expected between €480-500 million compared to the original €500-520 million range, and CAPEX lowered to €150-180 million from €
UniCredit European Energy & Utilities Credit Conference 2019ERG S.p.A.
ERG presented its operating segments at the UniCredit European Energy & Utilities Credit Conference in London on November 20th, 2019. ERG has a well-positioned European wind portfolio with 1,929 MW of installed capacity, making it the largest wind operator in Italy. Its 527 MW of hydroelectric assets position it among the top players in Italy for hydro. ERG's solar portfolio has grown to 141 MW of installed capacity. The company's 480 MW CCGT plant in Sicily provides strong cash flow visibility.
In the 1Q 2019 results document:
- ERG reported adjusted EBITDA of €164 million, up slightly from €162 million in 1Q 2018.
- Net debt increased to €1.514 billion from €1.343 billion at the end of 2018, due to investments and acquisitions totaling €233 million in the quarter.
- Guidance for 2019 was confirmed, with expected adjusted EBITDA of €495-515 million and net debt of €1.36-1.44 billion.
- ERG reported good third quarter 2018 results thanks to its diversified generation mix. Adjusted EBITDA was €381 million for 3Q 2018 and €356 million for 3Q 2017.
- Electricity production was in line with the previous year despite weaker wind conditions in some markets. Hydro and CCGT benefited from good availability and margins.
- Net financial position was €1,389 million as of September 30, 2018, including a vendor loan of €37 million. The company expects full year net financial position of approximately €1,350 million.
- Guidance for 2018 adjusted EBITDA and capital expenditures were confirmed at €490-500 million and €520-540 million, respectively.
The document summarizes the key figures and results for ERG's first quarter of 2018. Adjusted EBITDA increased to €162 million compared to €151 million in 1Q 2017. Net profit increased to €56 million from €54 million. Guidance for 2018 was confirmed at €475 million for adjusted EBITDA and increased adjusted net financial position guidance to €1.3 billion. Results were positively impacted by good wind conditions in Italy and abroad as well as sound hydro conditions. The acquisition of Epuron was also announced which increased Capex guidance to €500 million.
2017 ANNUAL RESULTS AND 2018-2022 BUSINESS PLANERG S.p.A.
ERG presented its 2017 annual results and 2018-2022 business plan at an investor day on March 8, 2018. The company achieved strong operating results in 2017, exceeding guidance on key financial metrics such as EBITDA and net financial position. ERG has successfully transformed its business from oil to renewables through acquisitions and divestitures, with its capital now fully rotated to wind, solar, and hydro power generation. The new business plan aims to further grow the company's renewable installed capacity to over 1.7 GW by 2022 through organic growth and M&A.
This document contains certain forward-looking information that is subject to a number of factors that may influence the accuracy of the statements and the projections upon which the statements are based. There can be non assurance that the projections or forecasts will ultimately
prove to be accurate; accordingly, the Company makes no representation or warranty as to the accuracy of such information or the likelihood that the Company will perform as projected.
This document contains certain forward-looking information that is subject
to a number of factors that may influence the accuracy of the statements
and the projections upon which the statements are based.
There can be non assurance that the projections or forecasts will ultimately
prove to be accurate; accordingly, the Company makes no representation or
warranty as to the accuracy of such information or the likelihood that the
Company will perform as projected.
This document contains certain forward-looking information that is subject to a number of factors that may influence the accuracy of the statements and the projections upon which the statements are based.
There can be non assurance that the projections or forecasts will ultimately prove to be accurate; accordingly, the Company makes no representation or warranty as to the accuracy of such information or the likelihood that the Company will perform as projected.
Third quarter 2016 results document highlights:
1) ERG reported strong third quarter 2016 results with adjusted EBITDA of €78 million, up from €66 million in third quarter 2015.
2) ERG reorganized into a leaner structure with the merger of subsidiaries to create a single generation company.
3) Guidance for 2016 was confirmed with adjusted EBITDA of €380 million and adjusted net debt of €1.65 billion.
ERG reported its second quarter 2016 results, highlighting several key achievements:
- Group EBITDA was €273 million, a strong set of results spread across all business areas.
- The debt structure was optimized through refinancing and prepayment activities, reducing interest costs.
- Guidance for 2016 was confirmed, with EBITDA expected to be approximately €400 million, CAPEX around €440 million, and adjusted net financial position of approximately €1.73 billion.
In the first quarter of 2016, ERG reported solid financial results. Total installed capacity increased to 1,720 MW due to acquisitions. Adjusted EBITDA was €163 million, up from €111 million in the first quarter of 2015. Guidance for 2016 was confirmed with adjusted EBITDA of €400 million, CAPEX of €440 million, and adjusted net financial position of €1.73 billion.
- ERG reported strong second quarter 2015 results, with adjusted EBITDA of €86 million, up 15% compared to the second quarter of 2014.
- In August, ERG acquired E.ON's Italian hydro business for €0.95 billion, adding 527MW of hydro capacity. The acquisition improves the complementarity of ERG's generation portfolio.
- ERG also acquired 6 wind farms in France for €72 million, doubling its capacity in the country to 127MW. For 2015, ERG increased its EBITDA guidance to €230 million and net debt guidance to €600 million to reflect these acquisitions.
ERG reported its first quarter 2015 results, with key figures driven higher by renewables. Renewables production and revenue increased in Italy and abroad, while regulatory changes in Italy penalized power segment results. Group EBITDA was €111 million, with renewables contributing €95 million. Net debt was €409 million and guidance for 2015 was revised to reflect the deconsolidation of TotalErg.
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
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Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
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Best practices for project execution and deliveryCLIVE MINCHIN
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Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
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To implement a CRM for real estate, set clear goals, choose a CRM with key real estate features, and customize it to your needs. Migrate your data, train your team, and use automation to save time. Monitor performance, ensure data security, and use the CRM to enhance marketing. Regularly check its effectiveness to improve your business.
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This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
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Forrester’s Digital Transformation Framework
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2. DISCLAIMER
This document contains certain forward-looking information that is subject to a
number of factors that may influence the accuracy of the statements and the
projections upon which the statements are based.
There can be non assurance that the projections or forecasts will ultimately prove to
be accurate; accordingly, the Company makes no representation or warranty as to
the accuracy of such information or the likelihood that the Company will perform as
projected.
2
3. AGENDA
A successful industrial Transformation
2018-2022 Strategy & Recent Developments
3Q 2019 Results & 2019 Guidance
A focus on Sustainability
Appendix
Management Profiles
3
5. 5
A LONG HISTORY…
1938 1975
1997
2000
2006
2008
2010
2013
2014
2015
2016
2017
2018
2019
Edoardo Garrone
founds ERG in Genoa.
Production commences
at the San Quirico
Refinery in Genoa.
The ERG share
is listed on the
Stock Exchange.
Production commences
at the ISAB Refinery in
Priolo.
ERG - through ISAB
Energy - starts to
produce and sell
electricity from the
gasification of the
heavy residues from
refinement.
ERG enters the
renewables sector
with the acquisition
of EnerTAD.
ERG transfers the
ISAB Energy plant
and the fuel network
of ERG Oil Sicily.
ERG enters the wind
market in the United
Kingdom with a
47.5MW project.
At the end of 2016,
installed wind
capacity is 1,720MW.
ERG enters the solar
power sector (30
photovoltaic plants
acquired, 89MW in
operation).
ERG sells 49% of the
ISAB Refinery to LUKOIL.
ERG becomes the leading
wind operator in Italy
with an installed capacity
of 1,087MW and among
the top ten in Europe, and
acquires a company for
wind farm O&M activities.
ERG transfers the ISAB
Refinery and completes
its exit from refining.
ERG acquires 6 wind
farms in France (64MW)
and constructs 3 wind
farms in Poland for a
total of 82MW.
At the end of 2015,
installed wind capacity is
1,506MW.
ERG’s growth in the
wind sector continues:
48MW in operation in
Germany; 16MW in
operation in France.
At the end of 2017,
installed wind capacity
in Europe is 1,814MW.
ERG enters the
hydroelectric sector
with plants in Umbria,
the Marches and Lazio
(527MW).
ERG closed the
acquisition of
Andromeda (51MW)
assets, increasing its
PV total capacity up
to 141MW.
Wind: ERG acquired
52MW in France and
34MW in Germany.
1947
TotalERG is
established, a joint
venture for the sale of
oil products.
Definitive exit from Oil
with the sale of
TotalERG.
ERG Power’s
combined cycle power
plant (480MW) fuelled
by natural gas enters
operation.
6. 6
ERG INDUSTRIAL TRANSFORMATION
Renewable diversification financed through oil-linked disposals and strong cash generation
TE, EOS and other Oil ISAB EnergyISAB Refinery
€1,150mn
Dividends paid
in the period(2)
Cogenerative CCGTOrganic Wind
M&A Hydro
M&A Wind
M&A Solar
Disposals (Cash-in) Investments(1) (EV)
Total Disposals: ≃€3,600mn
600
1,031
101
244
485 473
392
273
(3)
Total Investments: ≃€4,800mn
48
928
278
120
980
28
1,147
72
343
485
(3)
(1) It refers to M&A and organic growth CAPEX
(2) It includes dividends paid in May 2019 (ca. €112mn with ordinary DPS at €0.75/sh)
(3) 2018 includes TotalERG Disposal whose closing took place on January 10, 2018 with a partial cash-in of €85mn in 2017, and ForVEI acquisition (EV €345mn) whose closing took place on January 12, 2018
(4) 2019 includes Andromeda acquisition for €220mn, Polaris acquisition for €52mn, Craiggore and Windwarts acquisitions - respectively for €6mn and €2mn - and Barkow acquisition (which took place on
September 13, 2019) for €84mn
364
(4)
7. 7
… BUT A RAPID TRANSFORMATION
24.3x
73%
27%
Capital Employed
2008 (€2.2bn) 2014 (€2.1bn)
SolarHydroNatural Gas WindOil
2018 (€3.2bn)
54%
29%
11%
6%3%
32%
65%
2008-2014-2018 EBITDA
2008 2014 2018
125kt 1,020kt 3,029kt
CO2 Avoided
2008 2014 2018 2008-2018
8. (1) It includes Polaris acquisition of 52MW, whose closing took place on May 6, 2019
(2) It includes Linda project entered into operation in June 2019, and Barkow acquisition of 3 wind farms for 34MW, whose closing took place on September 13, 2019
(3) It includes Andromeda acquisition (51.4MW), whose closing took place on February 12, 2019
(4) It refers to Romania, Bulgaria and Poland
8
EU LEADING RENEWABLE IPP
Offices
O&M Warehouse
Wind Farm
Wind Pipeline Sun
Water
Natural Gas
Wind
54
MW
70
MW
82
MW272(2)
MW
359(1)
MW
480
MW
527
MW
1,093
MW
100%
141MW(3)1,929MW 527MW 480MW
CCGT
100% 100%
Hydroelectric Plant
CCGT
Solar Plant
57%
19%
14%
10%(4)
141(3)
MW
Total installed Capacity as of today >3,000MW
9. STEADY AND WELL BALANCED PORTFOLIO
(1) It refers to UK, Romania, Bulgaria and Poland
(2) Wind EBITDA with incentive, Hydro EBITDA with incentive, 100% Solar EBITDA
EBITDA Breakdown FY18
• Close to 70% of EBITDA from incentives
• EBITDA well balanced across different generation assets
• Geographical and seasonal diversification, allowing for complementarity of the different energy sources
• Earnings stability sustained by priority of dispachtment
By incentive
SOLAR WIND
HYDRO CCGT
FULLY
INCENTIVISED
REVENUE STRUCTURE
AMPLE
GEOGRAPHICAL
DIVERSIFICATION
SYSTEM BALANCING
ROLE WITH STABLE
CASHFLOWS
LARGE SHARE OF
PROGRAMMABLE
SUPPLY
Incentivised(2)
67%
Merchant
25%
TEE/PPA CCGT
8%
By business
Wind
54%
Hydro
29%
CCGT
11%
Solar
6%
By geography
France
6%
Germany
4%
Europe(1)
5%
Italy
85%
9
10. BALANCED GROUP STRUCTURE SERVING INTERESTS
OF ALL STAKEHOLDERS
Fully independent and experienced management team paired with a constructive involvement by majority shareholder
• San Quirico S.p.A. and Polcevera S.A. are controlled by ERG founding family
• The Garrone family holds key positions in ERG (Chairman and Executive Deputy Chairman) and defines ERG long-term
strategy along with the Top Management through the Strategic Committee, whilst the Board of Directors is composed
mainly (6 out of 12) of independent directors and it is fully committed to the interests of every stakeholder
• The top management operates within a strict financial discipline, while following a strong risk management policy
7%
1%
36%
Shareholders’ structure
San Quirico
S.p.A.
55.6%
Polcevera Srl
6.9%
Treasury shares
1.0%
Free Float
36.5%
San Quirico /
Polcevera
Free Float
ERG Power Generation S.p.A
Wind Sun Water Natural Gas
62.5% 36.5%
100%
10
11. ERG STRICT CORPORATE GOVERNANCE MODEL
11
• A strict financial discipline on investments (organic and M&A) through:
- Strategic Committee (EVP, VP, CEO, CFO, 2 Board Members(1))
- Investment Committee (CEO, CFO, Management Team)
• Strong risk management policy:
- Best practice risk policy to ensure the hedging policy of the generation portfolio
• Full Alignment of interests between Top Management and shareholders through:
- Launch in 2018 of a 3 year LTI compensation scheme fully based on shares
Credit
Committee
Human Capital
Committee
Sustainability
Committee
Investment
Committee
Risk
Committee
Management
Committee
Control and
Risk Committee(2)
Nominations and
Remuneration Committee(3)
Strategic
Committee
Shareholders’ Meeting
Board of
Directors
Board of
Statutory Auditors
COMPOSED OF BOARD MEMBERS COMPOSED OF MANAGERS
(1) 1 non-executive and 1 independent referring to the Corporate Governance Code set out by the Italian Stock Exchange
(2) Committee composed of 3 independent Board Members, of which 2 Independent referring to the Corporate Governance Code set out by the Italian Stock Exchange, and 1 Independent
referring only to the Consolidated Finance Act («T.U.F.»).
(3) Committee composed of 2 independent Board Members (referring to the Corporate Governance Code set out by the Italian Stock Exchange) and 1 non-executive Board Member
13. 13
SUSTAINABLE GROWTH STRATEGY
Wind
Sun
O&M and TCM
Co-development
& Greenfield
M&A
Focus on technical
operating efficiency
Water Natural GasWind O&M and TCM
Presence: 7 countries
Installed capacity: over 3GW
Technologies: 4
Geographical
presence
Business/
Technology
Business/Technology
Reference Geographies
Sun
Repowering &
Reblading
Wind
Country/Business attractiveness for ERGERG Group current geographical presence
Creating the basis for a
sustainable long term growth
Sustainable and flexible growth path focused on 3 main clusters and leveraging on low maintenance costs
GREENFIELD REPOWERING M&A
Opportunistic approach to consolidate
leading positioning in core countries
Repowering & reblading as a way to better
exploit asset base and extend its life
14. 14
ERG 2018-2022 CAPACITY EVOLUTION
STRONG EXECUTION IN 2018
+250MW
+260MW
M&A:
Repowering:
Greenfield &
Co Dev:
+350MW
Growth in installed capacity (MW)
≃3,600
+≃850MW
//
2,774
(1) Closing took place on February 12, 2019
(2) Closing took place on May 6, 2019
(3) Closing took place on September 13, 2019
+≃850MW
+50% on existing
Wind and Solar
installed capacity
3,078
//
Wind: 77MW
Vent D’Est 16MW
Vaa2 13MW
Le Melier (EPURON) 8MW
Torfou (EPURON) 18MW
Linda 22MW
Solar: 141MW
ForVei 90MW
Andromeda(1) 51MW
Wind: 86MW
Polaris(2) 52MW
Barkow(3) 34MW
227 77
M&A
Greenfield & CoDev
15. GREENFIELD DEVELOPMENT WELL ON TRACK
15
Pipeline included in BP 2018-22 Pipeline as of today
≃350
Pipeline included
in BP 2018-22
Pipeline as of
today
≃350
Undergoing Secured Under construction
13
In operation
77
≃95%
≃40%
Secured: 339MW
• France: - Vaa2 ext. 7MW
- Picardie 18MW
- Limousine I 15MW
- Champagne I 22MW
in operation:
- Vent D’Est 16MW
- Vaa2 13MW
- Le Melier 8MW
- Torfou 18MW
• Germany in operation:
- Linda 22MW
• UK: - Evishagaran 35MW
- Evishagaran ext. 12MW
- Sandy Knowe 49MW
- Creag Riabhach 79MW
- Craiggore 25MW
Secured: 135MW
• France: under construction:
- - Vaa2 13MW
in operation:
- Vent D’Est 16MW
• Germany - Linda 22MW
• UK: - Evishagaran 35MW
- Sandy Knowe 49MW
16. REPOWERING & REBLADING IN PROGRESS
16
• 153MW (ca. 400MW after RPW) included in BP:
- 92MW (242MW after RPW) received positive opinion
from “Commissione VIA”
• additional 121MW applied for authorization
• additional ca. 100MW in engineering phase
• New capacity under reblading is 75MW
• 13MW (Avigliano) on stream in 2Q 2019
• 22MW received VIA Decree
• additional 40MW applied for authorization
• Reblading of Avigliano wind factory carried out on:
- April/May 2019
- Capex €3.1mn
- Production increased 19%
(1) Substitution of a 30MW project with another 40MW project
MW for RPW
in BP 2018-22
MW after
RPW
≃880
Repowering Reblading
MW for RBL
in BP 2018-22
MW for RBL
as of 25/06/2019
13
≃380
In operation
VIA Decree obtained
Engineering for Authorization
10
≃65
75
Project
substitution(1)
≃400
153
Authorization process
242
92
22
Positive Opinion from
Commissione VIA
40
263
BP 2018-22
121
17. DRIVING INTO 2023
17
Pros • Exploiting full potential of Repowering: focus on all the 500MW eligible in Italy
• Boosting growth abroad leveraging on more than 700MW of pipeline in France and
of the co-development agreements under negotiation in UK and Germany
• Work in progress for a new cogeneration project at CCGT eligible for white certificates
Keep growing leveraging on assets rejuvenation, larger capacity abroad
and high quality financial stucture
• Phase out of incentives will progressively continue beyond BP horizon (2023 +)Cons
• Keeping a sound and diversified financial structure aiming to confirm IG rating in the
long term
18. 18
New Plan
Old Plan
491
495-505
≃475 ≃475
Adj. EBITDA CAPEX
510
≃450
≃310
430-450
NFP
1,343
≃1,260 ≃1,295
1,500-1,560
Acceleration of targets in the first years of BP
FINANCIALS – UPDATED PROJECTIONS
19. RATING AGENCY VIEW
19
Key Rating Drivers:
•Strategy confirmed
•Plan update in line with ratings
•Targeted M&A mostly executed
•Merchant Repowering
•Solid Pipeline in Greenfield
•Declining medium-term Incentives
•Solid 2018 Performance
•Progress in Centralising Funding Structure
•Sound liquidity
Key Considerations:
Long-term Issuer Default Rating (IDR): BBB-
EMTN Programme Rating: BBB-
Senior unsecured Rating: BBB-
Outlook: Stable
Last update: Affirmed 19 June 2019
•“Fitch Ratings has affirmed Italian renewable generation company ERG S.p.A.'s Long-Term Issuer Default Rating (IDR) and senior unsecured
rating at 'BBB-'. The Outlook on the IDR is Stable.
•“ERG's 'BBB-' IDR affirmation mainly reflects its robust business profile, with quasi-regulated activities representing around 70% of the
consolidated EBITDA, predictable regulatory frameworks and a clean asset base”
•“The rating also takes into account ERG’s growth ambition in the context of a clearly stated financial policy of up to 3.0x net debt/EBITDA”
•“Fitch expects that ERG’s credit ratio will remain consistent with the ratings, even including additional external growth in 2021 and 2022”
•“The forecasts lead to an average funds from operations (FFO) adjusted net leverage of 3.3x and FFO fixed-charge coverage of 7.4x over
2019-2022, compared with negative guidelines of 3.5x and 4.0x, respectively.”
20. GROUP DEBT STRUCTURE
20
ERG S.p.A.(1)
MLT Corporate Loan €686mn
Bond €600mn
ERG Group
MLT Corporate Loan €686mn
MLT PF Loan €867mn
Bond €600mn
ERG Hydro Srl
MLT PF €0mn
ERG Power Srl
MLT PF €0mn
Wind SPVs
MLT PF €568mn
ERG Solar Holding Srl
MLT PF €299mn
• Debt structure mainly composed of medium term loans with 92% fixed rate portion
• ERG’s operating assets grant a steady flow of cash upstream to ERG S.p.A.:
- Hydro & Natural Gas assets fully unlevered without any external financing constraints
- Wind & Solar SPVs financed by long term loans with maturities consistent with incentive life and
able to upstream a relevant amount of cash
(1) ERG S.p.A. owns all the operating assets through ERG Power Generation S.p.A., a 100% owned operating subsidiary, free of debt and in cash pooling with ERG S.p.A.
Debt Structure as of 31 Dec 2018
Debt Structure as of 30 Sept 2019
BondCorporate Loan Project Finance
New financial strategy completed: move from Project Financing to corporate/DCM financing
23. KEEP ON GROWING SUSTAINABLE
23
Recent Developments
ESG REWARD
Rating from Gaia(2) and included in the Ethibel Excellence Investment and Pioneer Registers
ENHANCING REVENUES STABILITY
• Signed 2 PPA with ACEA Energia (1.5TWh over the next 3 years) paving the way for longer duration
• Capacity Market in Italy: awarded 340MW of our CCGT. Secured €11mn of 2022 revenues
GROWING INSTALLED CAPACITY
• Further expansion in Germany: +34MW(1) high quality asset acquired. Wind capacity to reach 272MW
• Organic growth: new authorisation for 22MW in France and 12MW in UK: overall secured capacity at 95%
(1) EV of €84mn, which brings the total M&A capex spent in 2018-2019 (ForVEI, Andromeda, Polaris and Barkow acquisitions) to roughly €700mn for a total capacity of 227MW,
out of which 141MW in PV and 86MW in Wind
(2) Score 78/100
24. ADJUSTED P&L
24
Note: figures based on NO GAAP measures
9M2019 9M2018 Euro millions 3Q 2019 3Q 2018
380 381 Adjusted EBITDA 107 105
(223) (203) Amortization and depreciation (78) (67)
157 178 Adjusted EBIT 29 38
(48) (53) Net financial income (expenses) (15) (15)
0 0 Net income (loss) from equity investments 0 0
109 125 Adjusted Results before taxes 14 22
(33) (33) Income taxes (6) (6)
76 92 Adjusted Results for the period 8 17
(1) (0) Minority interests (1) (0)
75 92 Adjusted Net Profit 7 17
30% 26% Tax Rate 43% 26%
25. 3Q 2019 CASH FLOW STATEMENT
25
Adj. Leverage
1,569
Adj. Net Debt
30/06/2019
Net working
capital
Adj. Net Debt
30/09/2019
Adj.
EBITDA
CAPEX &
Acquisitions
Financial
charges
(107) (118)
47%
49%
94
15
1,662
22
Taxes &
Others
26. CAPEX:
Guidance increased at €430-450mn
2019 GUIDANCE
26
Adj. EBITDA:
Guidance confirmed at €495-505mn
495-505
Adj. NFP:
Guidance revised at €1.50-1.56bn
9M 2019
Guidance range
Guidance
Actual
(1) 2019 Guidance does not include IFRS 16 effects
430-450
380
401
1,569 1,500-1,560
2019 FCST9M 2019
2019 FCST(1)9M 2019
2019 FCST(1)
28. Sustainable thinking
sustainable acting
- CDP reporting
- Integration of HSE certifications
according to ONE Company
Model
- Consolidating relations with
communities
- Technological development
2018-2022 CSR DRIVERS
28
Tackling climate change
- Avoided CO2: 15mtons
- Avoided TEP: 5m TEP
- Carbon Index(1): 14% decrease
- Continous efforts on extracting
value from our technology
- Enhancing our integrated
generation portfolio
- New leadership model
- Human Capital Coverage
- Skills development
People enhancing
The 2018–2022 Business Plan is focused on a continuous development of plants producing energy from
renewable sources and sets targets on three main priority areas:
(1) Carbon index (gCO2/kWh) reveals the quantity of CO2 included in every kWh produced
29. ERG SUSTAINABLE EVOLUTION
29
ERG’s Sustainability numbersDecarbonising ERG’s electricity production
• ERG’s business transformation: increasing production of
electricity from renewable sources
• In this way, by the end of 2018 ERG had reduced the carbon
intensity of its production by 90% since it entered the renewable
energies sector and by 42% in the last 4 years
Source: non financial information statements
(1) The Carbon index drop in 2010 was due to the entrance into operation of the ERG Power plant which replaced the existing oil fed power plants.
(2) The Carbon index drop in 2014 was due to the sale of the ISAB Energy plant.
RESProduction(GWh)
Carbon Index (gCO2/kWh) & RES Productions
3,029kt
CO2 avoided by production of electricity from
renewable sources
2.5GW
Installed capacity from renewable sources
100%
ISO 14001 and/or OHSAS 18001 certified Italian
companies consistent with their activities
(1) (2)
30. Achieved ESG rating A from MSCI
ESG ACHIEVEMENTS AND RATINGS
Ranked 16th worldwide in the Corporate Knights Global
100 Index
Achieved rating B from CDP
ERG included in the ECPI Global Clean Energy Index1
2
3
Obtained ESG rating Advanced from Vigeo4
Signed 2 ESG Loans for €240mn
5
ERG Rating/score/rank Notes / In a scale ranging fromIndex
16th place first and only Italian company in the Top 20
vs. avg. scores for Utilities (C), and Europe (B-)
from F (poor) to EEE (very good)
from CCC (Laggar) to AAA (leader)
ESG Rating Company
from 0 (Laggar) to 100 (Leader)Average
Performer
sector leader in terms
of ESG performance
from Weak to AdvancedAdvanced
30
6
from D- (poor) to A+ (excellent)
78/100 Well above the average for the reference panel
32. Criteria to include MW in BP for
Repowering:
• end of incentives
• technology below 1MW
• quite comfortable success rates
• low double digit returns
REPOWERING & REBLADING
32
2017 Total in BP
2018-2022
2018 2019 2020
214
343
Repowering & Reblading as a way to exploit asset base with new technologies and extend its technical life
Flexible investment plan potentially upgradable
MW ending incentives in the Plan period
153
1,092MW
Italy
≃500MW eligible
for RPW/RBL
+300MW eligible
for Reblading in
18 months
153 153
All eligible for
repowering
153MW
RPW
64MW
RBL
Criteria to include MW in BP for
Reblading:
• Incentives beyond BP
• technology fitting to V47 technology
• quite comfortable success rates
• low double digit returns
33. REPOWERING IN A NUTSHELL
33
MW
Post-Repowering
Pre-Repowering
153(1)
+260
≃410
277
4X
Production (GWh)
≃1,000
183
≃1/2
N. of WTG
≃100
(1) Repowering on 6 wind farms
2018-2022 CAPEX:
€402mn
34. 2018-2022 EBITDA EVOLUTION
34
EBITDA growth based on industrial efficiency and strong rise in renewable asset base
CorporateWaterWindSun Natural Gas
472 (8) (80)
5
26
147
(5)
≃560
2017 2018E
Sigillo
GCs
End of
incentives
Scenario Others
Hydro
volumes
Growth
472 (8) (20) (25) 25
36
(5)
≃475
Greenfield
& Co Dev
Repowering
& Reblading
M&A Wind
2017 2022E
Sigillo
GCs
End of
incentives(1)
Scenario Others
Hydro
volumes
Growth
(1) It includes wind incentives phasing out and white certificates termination as of 2020
≃ 560
≃475472
// //
≃500
2017 2018E 2020E 2022E
35. CAPEX EVOLUTION
35
A massive and flexible investment plan for growth
≃450
94
≃310
≃340 ≃340
≃240
Total
Growth:
≃€1.55bn
2018-2022 Capex
≃€1.68bn
Total M&A:
≃€0.69bn
Greenfield &
Co Dev
Maintenance(1) M&A Solar
Repowering
& Reblading
M&A Wind
ForVEI
Acquisition
M&A Wind &
Solar
(1) It includes CAPEX for Mini Hydro for €13mn
36. 106 88 57
1,127 1,255
1,512
3.4x
2.6x
2.7x
CONSERVATIVE FINANCIAL POLICY
36
Conservative financial policy focused on:
• consolidated Net debt / EBITDA to be less than 3.0x
• limited maintenance capex offering the flexibility to
deleverage quickly when necessary (e.g. 2017)
• maintaining a solid liquidity profile with an average of
€700m in the last three years
Net Debt/EBITDA Ratio and Capex EvolutionNet Debt Evolution (€ mn)
Liquidity Evolution (€ mn) (1)
Prudent financial policy coupled with sizeable bulk of liquidity
20182017
1,343
1,569
1,233
20182017
731 754
Derivatives
NFP excl. Derivatives
(1) Liquidity is equal to the following components of the Net Financial Position: (i) short-term banking liabilities (ii) cash and cash equivalent
20182016 2017
Average 2.9x
Capex and M&A Inv.
Net Debt / EBITDA Adj.
366 94 510
608
30/09/2019
30/09/2019
Average €700mn
37. ERG 2018-2022: FINANCIAL STRATEGY
37
From an Asset based financing
to a Corporate/Debt Capital Market based financing
… 2018-2022 Financial Strategy2015-2017 achievements
New Funding Asset Base = €290mn
Liability Management = €670mn
DCM Debut – Private Placement = €100mn
ERG Hydro Acquisition Loan = €700mn1
2
3
4
Liability Management
Project Finance for incentivized assets
Corporate Loan / Bond Issue1
2
3
2015 2016
NFP/EBITDA
Gross KD
4.1x 3.4x
4.0% 3.4%
2017 2018E 2022E
2.6x 2.7x 2.1x
3.3% 2.9%3.2%
≃1,200
≃1,2601,233
1,448
1,557
Corporate
Liquidity
Project Financing
Bond
Bond Issue/Corporate≃1,340
2020E
2.7x
3.6%
////
NFP
38. STRONG CASH GENERATION
38
(1) CAPEX includes Greenfield & co Development and Repowering
(2) Disposals include: 2018 proceeds related to TotalErg Disposal (€180mn) and Brockaghboy wind farm disposal (ca. €108mn)
(3) It includes net working capital, taxes and net financial costs
(4) FCF Yield: EBITDA after working capital, taxes and net financial costs, deducted maintenance CAPEX, on market cap (share price at €16.4)
Average annual FCF Yield(4) at 16% in the plan period
NFP 2017 CAPEX(1) NFP 2022Dividends Deleverage(3)
≃990
≃(290)
≃(2,040)
≃1,2001,233
Acquisitions
≃690
Disposals(2)
2018-2022 CAPEX:
≃1,680
Maintenance
Greenfield &
Repowering
≃620
39. KPI IN THE PLAN PERIOD
39
Capacity installed
EBITDA
CAPEX
Debt
Dividends
• New ordinary DPS at €0.75/share
• Extraordinary dividend of €0.4/share to be paid in May 2018
• Net Debt from €1.23bn to €1.2bn. Cash generation about €2bn
• NFP/EBITDA: <3X
•+≃700MW Wind
•+≃150MW Solar
2,774MW
≃3,600MW
+≃18%
62%
6%
22%
10%
65%
16%
19%
€472mn
Total Growth: €1.55bn
• Total Capex: ≃€1.68bn
≃€560mn
64%
17%
19%
68%
13%
15%
4%
62%38% 54%
46%
1,767MW
2,486MW
•+≃450MW Abroad
•+ ≃70% Abroad Capacity
Water
Natural Gas
Sun
Wind
Abroad
Italy
2017 2022E
Water
Natural Gas
Sun
Wind
GreenfieldMaintenance Repowering & Reblading ForVEI Acquisition M&A
Total:
Wind:
41. ALESSANDRO GARRONE
EXECUTIVE DEPUTY CHAIRMAN
41
Born in Genoa on 28th April 1963, he graduated in Economics in 1991. He is married since 1989, and has three children.
Since April 2012 he has been Executive Deputy Chairman and Chairman of the Strategic committee of ERG S.p.A.
Since April 2015 he has been Director responsible for overseeing the internal control and risk management system.
From April 2012 to April 2016 Chairman of the Board of Directors of ERG Renew S.p.A.
From December 2002 to April 2012 Chief Executive Officer of ERG S.p.A.
From August 2002 to December 2002 Central Finance and Control Manager of ERG S.p.A.
From January 1999 to December 2001 he was responsible for Refining Management Control, within the Management
Control Department
From January 1997 to December 1998, at ERG Petroli S.p.A. in Genoa, he took on assignments regarding the company
restructuring, in connection with the company's quotation on the Stock Exchange.
Starting from 1988 to 1996 he held different positions within the ERG Group, managing international relations (at ERG
Petroleum USA), dealing with operative programming of the Group refineries and Management Control (at ISAB S.p.A.),
as well as ship freighting and crude oil purchasing for the Supply and Sales Management Department at ERG Petroli S.p.A.
Other positions currently held:
Chairman of Edoardo Garrone Foundation, Chairman of MUS-E Italia, Honorary Consul of Mexico in Genoa, Director of
Banca Passadore & C. S.p.A., Vice Chairman of AIDAF Board of Directors (The Italian Association of Family Businesses).
Previous positions:
Vice Chairman of ERG Petroli S.p.A., Chairman of Garrone S.p.A., Chairman of Creditonline S.p.A., Director of BPC S.p.A.,
Member of the Executive Committee of BPC S.p.A., Vice President of i-Faber S.p.A., Director of FinecoBank, Director of
MutuiOnline Group, Member of the Energy and Petroleum Trade Union Committee.
Sports and hobbies: Ski-ing, mountaineering, trekking, hunting, cycling; airplane pilot.
42. EMANUELA DELUCCHI – HEAD OF IR
42
Born in Genoa on 18th December 1975, she graduated in Economics from the University of Genoa in March 1999.
She joined the ERG Group in February 2008 where she is currently Head of IR, reporting directly to the Corporate
General Manager & CFO.
Other positions held in the past:
From February 2008 to January 2011 she was Head of IR and Planning & Control at ERG Renew.
She previously worked for 3 years as a financial analyst covering the Italian Utilities & Motorways sectors at Intermonte,
a leading brokerage firm owned by the Monte dei Paschi Banking Group.
Prior to that she was a financial analyst covering European Utilities & Motorways sector at Lehman Brothers.
She is married, with three children.