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.
2nd Mediobanca Italian Infrastructure ConferenceERG S.p.A.
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
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.
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.
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.
The document summarizes renewable energy developments in Italy. It notes that in 2016 renewables achieved a 17.4% share of gross final energy consumption, exceeding Italy's 2020 target of 17%. Electricity has seen the largest growth of renewables, driven by incentives that have declined over time but still resulted in an incentive burden of €12.5 billion in 2017, over half for photovoltaics. The national strategy aims to increase the renewables share of electricity consumption to 55% by 2030, requiring significant further growth of solar and wind power. Renewables have also grown in heating, achieving an 18.9% share in 2016 mainly from biomass and heat pumps.
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
Proposed Turbine Inlet Air Cooling for MLNG processing plantDato Mat Isa
Turbine Inlet Air Cooling (TIAC) is an established and proven power augmentation technology for GT power plants. It cools the compressor inlet air to boost GT generator power output and efficiency. The technologies adopted for TIAC includes mechanical chilling, evaporative cooling and fogging.
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.
2nd Mediobanca Italian Infrastructure ConferenceERG S.p.A.
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
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.
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.
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.
The document summarizes renewable energy developments in Italy. It notes that in 2016 renewables achieved a 17.4% share of gross final energy consumption, exceeding Italy's 2020 target of 17%. Electricity has seen the largest growth of renewables, driven by incentives that have declined over time but still resulted in an incentive burden of €12.5 billion in 2017, over half for photovoltaics. The national strategy aims to increase the renewables share of electricity consumption to 55% by 2030, requiring significant further growth of solar and wind power. Renewables have also grown in heating, achieving an 18.9% share in 2016 mainly from biomass and heat pumps.
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
Proposed Turbine Inlet Air Cooling for MLNG processing plantDato Mat Isa
Turbine Inlet Air Cooling (TIAC) is an established and proven power augmentation technology for GT power plants. It cools the compressor inlet air to boost GT generator power output and efficiency. The technologies adopted for TIAC includes mechanical chilling, evaporative cooling and fogging.
New base energy news issue 928 dated 20 september 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 20 September 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:lowet bids ever submitted for Abu Dhabi’s 350MW solar plant in Sweihan at 2.3 cent/kwh
• UAE:Technip to be lead contractor for Dubai Enoc in Jebel Ali refinery expansion
• Oman: Tethys Increases Oil Production in Oman
• Qatar:Investment ramp up, Barzan output to lift Qatar real GDP growth to 3.8% in 2017: QNB
• Tunisia: Eni successfully restarts exploration activities
• Norway: Statfjord field passes historic 5 billion barrels
• The United States is both a major importer and exporter of motor gasoline…eia
• Oil prices fall on speculation a global glut will be sustained amid rising supply from
• MEI: Oil Market Rebalance Will Take Another 6 Months
• Mothballing the World's Fanciest Oil Rigs Is a Massive Gamble
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
Introduction of taiwan offshore wind business jimmy huangJimmy Huang
1) Taiwan has ideal geographical conditions for offshore wind farms due to its shallow coastal waters, high wind power density, and vast coastal areas available for development.
2) The Taiwanese government aims to increase renewable energy to 20% of total power output by 2025 through programs like feed-in tariffs that guarantee prices for developers.
3) Taiwan has an established supply chain for offshore wind with local suppliers experienced in components like foundations, cables, and turbines that can partner with foreign developers to reduce costs.
Greetings,
Attached FYI ( NewBase Special 06 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:-
• UAE: DEWA appoints consultant to study use of ash from Hassyan clean coal power pl
• Iraq: Eni starts three oil and gas treatment plants at Zubair field
• Algeria: Sonatrach awards Japan's JGC deal at Hassi Messaoud oilfield
• Ghana: Tullow's TEN FPSO arrives in Ghana
• U.S. Crude Exports Decline in January After Restrictions Lifted
• US: Crescent Dunes concentrating solar plant begins producing
• oil closes at $35.92, posts 9.5 pct weekly gain
• US shale frackers aim to be world’s biggest supplier of oil by 2020 despite bloodbath
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
Microsoft word new base 671 special 24 august 2015Khaled Al Awadi
Attached FYI ( NewBase Special 24 August 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:-
• Strong potential for rooftop solar energy in Oman
• Morocco : San Leon Spuds Morocco Gas Well
• Norway : Songa Offshore takes delivery of its second Cat D rig Songa Endurance
• China's First LNG Mobile Power Station Comes Online
• ENN Energy Built 8 LNG Fueling Stations in China in First Half 2015
• UK: DONG Energy acquires full control of one of the world’s biggest offshore wind development zones
• Opec emergency meet may stop oil price slide
• Brent, U.S. oil mark fresh 6-1/2-year lows on China and oversupply
• Putin Hopes for Chinese Gift as Oil Slump Sours Second Gas Deal
• Mideast Stock Markets Plunge
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
Nigeria has significant energy resources but faces development challenges. Nigeria's primary energy consumption is dominated by biomass but it has large natural gas reserves and is a major oil exporter. Future projections estimate the industrial sector will become the largest energy consumer as the economy grows. Nigeria aims to increase annual per capita electricity consumption sixfold by 2025 through expanding generation capacity, improving utilization rates, and reducing transmission and distribution losses. However, the country must also diversify its energy mix and strengthen energy security to be less dependent on oil and gas exports.
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
The document is a quarterly market handbook published by CEEW Centre For Energy Finance that aims to help investors, executives and policymakers with evidence-based decision making regarding India's energy transition. It provides data and analysis on key topics such as generation capacity and energy mix, renewable energy auction trends, payment issues faced by distribution companies, power market reforms, and developments in electric vehicles and energy storage. The summary highlights recent trends seen in the first quarter of 2021, including a slowdown in overall electricity generation due to COVID-19 but an impressive amount of new solar capacity sanctioned, an increase in renewable energy's share of total generation, and declining costs from renewable energy auctions.
Detailed industry report based on a large number of international and domestic studies, including Taiwan energy status, government regulation, key market players and supply chain, analyzed risk assessment and future trends by SWOT and PESTEL.
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.
The World Wind Energy Report 2008 provides key highlights on wind energy growth and development worldwide. It finds that global wind energy capacity reached 121,188 MW in 2008, a 29% growth rate over the previous year. China and the US led in new installations, accounting for over 50% of the market. The top 10 countries represented almost 80% of new installations. Wind energy is becoming a major global industry, generating over 260 TWh of electricity annually and creating over 440,000 jobs worldwide.
The liquefied natural gas sector has experienced large growth in the last decade and is expected to grow more in the decades to come.
WorleyParsons recently completed a study for the Global CCS Institute to identify the trends in the LNG sector and to make a range of assessments on how these trends may impact on the CCS industry.
At this webinar, Graeme Cox, Principal Consultant from WorleyParsons focused on looking at industry wide and project specific aspects of LNG and relate these to industry wide and project specific aspects of CCS. The cost escalation of LNG projects was explained as well as the impact this may have on the deployment of CCS.
Graeme concluded by identifying opportunities whereby LNG and CCS can be integrated.
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
- Kosmos Energy will drill the FA-1 exploration well in March 2014 in the Foum Assaka license area offshore Morocco. The well will target multiple objectives with the primary target estimated to contain 360 million barrels of oil equivalent.
- Fastnet Oil & Gas holds a 9.375% interest in the Foum Assaka license and is carried for past costs and the costs of the FA-1 well up to $100 million gross under a previous farmout agreement.
- Algeria started production from a new 3.6 billion cubic meter per year gas processing plant and expects to start up a new 6 billion cubic meter per year LNG plant later this year.
The Government of India amended the New Investment Policy 2012 for urea to address issues that arose after its initial notification. Key amendments include:
1) Removing the provision of "guaranteed buyback" of urea, giving the Government flexibility to import urea if prices are lower.
2) Extending the time period for projects to commence production to be eligible for the policy till October 2027.
3) Requiring project developers to furnish bank guarantees of Rs. 300 crore linked to project milestones to ensure only serious players participate.
4) Constituting an inter-ministerial committee to oversee policy implementation.
The amendments increase uncertainty for new projects by removing
AREVA is a world leader in nuclear energy, with €9.1 billion in annual revenues. It has extensive experience building and operating nuclear power plants around the world. AREVA sees the UK as Europe's prime market for new nuclear builds and believes it can help the UK meet its energy needs through nuclear power. AREVA's bid for projects in the UK would leverage the company's extensive experience and track record of improvements from current new build projects to help ensure successful and efficient new nuclear construction in the UK.
New base energy news issue 908 dated 16 august 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 16 August 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:DEWA launches transformer at Hassyan clean coal project
UAE:Enoc sets out 5 Years strategy, focus on Dubai’s energy needs
RfQ for Oman’s new independent 800 MW power plant in Q3
Iraq Oil Chief Sees End to Kurd Dispute as War Hurts Output
Morocco: Sound Energy confirms significant Tendrara gas discovery
Russia says oil market talks with Saudi developing: newspaper
Russia: No decree could bar Rosneft from Bashneft sale: Ministry
Oil prices dip as traders cash in on two-week price rally
Gas Glut Upends Global Trade Flows as Buyers Find New Leverage
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 energy news 09 july 2020 issue no. 1354 by senior editor khaled ...Khaled Al Awadi
NewBase Energy News 09 July 2020 - Issue No. 1354 by Senior Editor Khaled Alawadi.docxNewBase Energy News 09 July 2020 - Issue No. 1354 by Senior Editor Khaled Alawadi.docx
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.
New base energy news issue 928 dated 20 september 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 20 September 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:lowet bids ever submitted for Abu Dhabi’s 350MW solar plant in Sweihan at 2.3 cent/kwh
• UAE:Technip to be lead contractor for Dubai Enoc in Jebel Ali refinery expansion
• Oman: Tethys Increases Oil Production in Oman
• Qatar:Investment ramp up, Barzan output to lift Qatar real GDP growth to 3.8% in 2017: QNB
• Tunisia: Eni successfully restarts exploration activities
• Norway: Statfjord field passes historic 5 billion barrels
• The United States is both a major importer and exporter of motor gasoline…eia
• Oil prices fall on speculation a global glut will be sustained amid rising supply from
• MEI: Oil Market Rebalance Will Take Another 6 Months
• Mothballing the World's Fanciest Oil Rigs Is a Massive Gamble
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
Introduction of taiwan offshore wind business jimmy huangJimmy Huang
1) Taiwan has ideal geographical conditions for offshore wind farms due to its shallow coastal waters, high wind power density, and vast coastal areas available for development.
2) The Taiwanese government aims to increase renewable energy to 20% of total power output by 2025 through programs like feed-in tariffs that guarantee prices for developers.
3) Taiwan has an established supply chain for offshore wind with local suppliers experienced in components like foundations, cables, and turbines that can partner with foreign developers to reduce costs.
Greetings,
Attached FYI ( NewBase Special 06 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:-
• UAE: DEWA appoints consultant to study use of ash from Hassyan clean coal power pl
• Iraq: Eni starts three oil and gas treatment plants at Zubair field
• Algeria: Sonatrach awards Japan's JGC deal at Hassi Messaoud oilfield
• Ghana: Tullow's TEN FPSO arrives in Ghana
• U.S. Crude Exports Decline in January After Restrictions Lifted
• US: Crescent Dunes concentrating solar plant begins producing
• oil closes at $35.92, posts 9.5 pct weekly gain
• US shale frackers aim to be world’s biggest supplier of oil by 2020 despite bloodbath
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
Microsoft word new base 671 special 24 august 2015Khaled Al Awadi
Attached FYI ( NewBase Special 24 August 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:-
• Strong potential for rooftop solar energy in Oman
• Morocco : San Leon Spuds Morocco Gas Well
• Norway : Songa Offshore takes delivery of its second Cat D rig Songa Endurance
• China's First LNG Mobile Power Station Comes Online
• ENN Energy Built 8 LNG Fueling Stations in China in First Half 2015
• UK: DONG Energy acquires full control of one of the world’s biggest offshore wind development zones
• Opec emergency meet may stop oil price slide
• Brent, U.S. oil mark fresh 6-1/2-year lows on China and oversupply
• Putin Hopes for Chinese Gift as Oil Slump Sours Second Gas Deal
• Mideast Stock Markets Plunge
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
Nigeria has significant energy resources but faces development challenges. Nigeria's primary energy consumption is dominated by biomass but it has large natural gas reserves and is a major oil exporter. Future projections estimate the industrial sector will become the largest energy consumer as the economy grows. Nigeria aims to increase annual per capita electricity consumption sixfold by 2025 through expanding generation capacity, improving utilization rates, and reducing transmission and distribution losses. However, the country must also diversify its energy mix and strengthen energy security to be less dependent on oil and gas exports.
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
The document is a quarterly market handbook published by CEEW Centre For Energy Finance that aims to help investors, executives and policymakers with evidence-based decision making regarding India's energy transition. It provides data and analysis on key topics such as generation capacity and energy mix, renewable energy auction trends, payment issues faced by distribution companies, power market reforms, and developments in electric vehicles and energy storage. The summary highlights recent trends seen in the first quarter of 2021, including a slowdown in overall electricity generation due to COVID-19 but an impressive amount of new solar capacity sanctioned, an increase in renewable energy's share of total generation, and declining costs from renewable energy auctions.
Detailed industry report based on a large number of international and domestic studies, including Taiwan energy status, government regulation, key market players and supply chain, analyzed risk assessment and future trends by SWOT and PESTEL.
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.
The World Wind Energy Report 2008 provides key highlights on wind energy growth and development worldwide. It finds that global wind energy capacity reached 121,188 MW in 2008, a 29% growth rate over the previous year. China and the US led in new installations, accounting for over 50% of the market. The top 10 countries represented almost 80% of new installations. Wind energy is becoming a major global industry, generating over 260 TWh of electricity annually and creating over 440,000 jobs worldwide.
The liquefied natural gas sector has experienced large growth in the last decade and is expected to grow more in the decades to come.
WorleyParsons recently completed a study for the Global CCS Institute to identify the trends in the LNG sector and to make a range of assessments on how these trends may impact on the CCS industry.
At this webinar, Graeme Cox, Principal Consultant from WorleyParsons focused on looking at industry wide and project specific aspects of LNG and relate these to industry wide and project specific aspects of CCS. The cost escalation of LNG projects was explained as well as the impact this may have on the deployment of CCS.
Graeme concluded by identifying opportunities whereby LNG and CCS can be integrated.
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
- Kosmos Energy will drill the FA-1 exploration well in March 2014 in the Foum Assaka license area offshore Morocco. The well will target multiple objectives with the primary target estimated to contain 360 million barrels of oil equivalent.
- Fastnet Oil & Gas holds a 9.375% interest in the Foum Assaka license and is carried for past costs and the costs of the FA-1 well up to $100 million gross under a previous farmout agreement.
- Algeria started production from a new 3.6 billion cubic meter per year gas processing plant and expects to start up a new 6 billion cubic meter per year LNG plant later this year.
The Government of India amended the New Investment Policy 2012 for urea to address issues that arose after its initial notification. Key amendments include:
1) Removing the provision of "guaranteed buyback" of urea, giving the Government flexibility to import urea if prices are lower.
2) Extending the time period for projects to commence production to be eligible for the policy till October 2027.
3) Requiring project developers to furnish bank guarantees of Rs. 300 crore linked to project milestones to ensure only serious players participate.
4) Constituting an inter-ministerial committee to oversee policy implementation.
The amendments increase uncertainty for new projects by removing
AREVA is a world leader in nuclear energy, with €9.1 billion in annual revenues. It has extensive experience building and operating nuclear power plants around the world. AREVA sees the UK as Europe's prime market for new nuclear builds and believes it can help the UK meet its energy needs through nuclear power. AREVA's bid for projects in the UK would leverage the company's extensive experience and track record of improvements from current new build projects to help ensure successful and efficient new nuclear construction in the UK.
New base energy news issue 908 dated 16 august 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 16 August 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:DEWA launches transformer at Hassyan clean coal project
UAE:Enoc sets out 5 Years strategy, focus on Dubai’s energy needs
RfQ for Oman’s new independent 800 MW power plant in Q3
Iraq Oil Chief Sees End to Kurd Dispute as War Hurts Output
Morocco: Sound Energy confirms significant Tendrara gas discovery
Russia says oil market talks with Saudi developing: newspaper
Russia: No decree could bar Rosneft from Bashneft sale: Ministry
Oil prices dip as traders cash in on two-week price rally
Gas Glut Upends Global Trade Flows as Buyers Find New Leverage
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 energy news 09 july 2020 issue no. 1354 by senior editor khaled ...Khaled Al Awadi
NewBase Energy News 09 July 2020 - Issue No. 1354 by Senior Editor Khaled Alawadi.docxNewBase Energy News 09 July 2020 - Issue No. 1354 by Senior Editor Khaled Alawadi.docx
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.
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 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 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.
- 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.
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 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.
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.
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.
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.
- 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.
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.
Veronagest Group is an independent renewable energy company based in Italy. It has a current portfolio of 282.4 MW of wind projects and 16.8 MW of solar PV projects located across Italy. The company has a full range of in-house expertise across the renewable energy project lifecycle from development and origination to construction, operation, and maintenance. It aims to further grow its portfolio through new greenfield development and acquisitions.
This document discusses Integrated Gasification Combined Cycle (IGCC) technology and the need to meet market requirements for carbon capture and storage (CCS). It provides an overview of IGCC experience, key components like gas turbines and gasification, and integration challenges. The main points are:
1) IGCC with pre-combustion CCS is a promising option for reducing carbon emissions from coal plants. Experience from non-CCS IGCC plants can help develop CCS-enabled IGCC.
2) Over 4,700MW of IGCC plants are operating globally, providing experience with syngas fuels and different gasification methods.
3) Gas turbines are being optimized for high efficiency sy
The document provides an overview of the rehabilitation programs and status updates for three thermal power generation companies (GENCOs) in Pakistan. It summarizes the installed capacity and generation assets for each GENCO. It then details rehabilitation work completed at Jamshoro Power Plant (GENCO-1), Guddu Power Plant (GENCO-2), and Muzaffargarh Power Plant (GENCO-3) with USAID assistance, highlighting capacity gains achieved or expected at each plant. It concludes with responses to queries from NEPRA on various regulatory requirements.
The document provides financial and operational results for Meralco PowerGen Corporation (MGen) for the first half of 2020. Key highlights include:
- Gross revenues increased 13.8% to ₱142.25 billion driven by higher generation charges.
- MGen's first supercritical coal plant in Mauban, Quezon, operated by San Buenaventura Power, generated 2.29 billion kWh since starting operations in September 2019.
- Construction at MGen's 2x600 MW supercritical coal plant in Atimonan, Quezon resumed in June after delays due to COVID-19, with participation in Meralco's competitive selection process awaiting final terms.
- MGen
Dr. Peter Bird is a Singapore-based portfolio director and business development consultant with extensive global experience in the energy, utility, and infrastructure sectors. He previously held senior roles at Rothschild investment bank. He currently serves on several boards and provides advisory services. His career has involved advising on major transactions, privatizations, and regulatory matters in over 30 countries.
The document provides financial results for the first 9 months of 2023. Key points include:
- Adjusted EBITDA of €1,862 million, up 9.1% year-over-year.
- Adjusted net income of €942 million, up 1.1% year-over-year.
- Net debt of €14,336 million, higher than 2022 level due to investments including the SeaCorridor acquisition.
- Guidance for full-year 2023 is confirmed.
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.
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.
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.
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.
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Top 10 Free Accounting and Bookkeeping Apps for Small BusinessesYourLegal Accounting
Maintaining a proper record of your money is important for any business whether it is small or large. It helps you stay one step ahead in the financial race and be aware of your earnings and any tax obligations.
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Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
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This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
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3. Strategyzer’s Business Model Innovation
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To download this presentation, visit:
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Profiles of Iconic Fashion Personalities.pdfTTop Threads
The fashion industry is dynamic and ever-changing, continuously sculpted by trailblazing visionaries who challenge norms and redefine beauty. This document delves into the profiles of some of the most iconic fashion personalities whose impact has left a lasting impression on the industry. From timeless designers to modern-day influencers, each individual has uniquely woven their thread into the rich fabric of fashion history, contributing to its ongoing evolution.
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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
2Q 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.
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: ≃€4,700mn
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 (€221mn, finalised on February 12, 2019) and the recent wind asset acquistion in France (€52mn), whose closing took place on May 6, 2019
273
(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 signed in March 2019, whose closing took place on May 6, 2019
(2) It includes Linda project entered into operation in June 2019, and Aquila acquisition of 3 wind farms for 34MW (signed on August 19, 2019), whose closing is expected in 3Q 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%
18%
14%
11%(4)
141(3)
MW
Total installed Capacity as of today >3,000MW
9. 9
SHAREHOLDING STRUCTURE
(1) ERG owns 0.965% of own Shares
(1)
63% San Quirico/
Polcevera
36%
Free Float
Wind Sun Water Natural Gas
ERG Power Generation S.p.A
10. 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%
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
(3) Committee composed of 2 independent Board Members and 1 non-executive Board Member
13. 13
ERG 2018-2022 STRATEGIC OPTIONS
Wind
Solar
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: 3.0GW
Technologies: 4
Country/Business attractiveness for ERGERG Group current geographical presence
Geographical
presence
Business/
Technology
Business/Technology
Reference Geographies
Sun
Repowering&
Reblading
Wind
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 will take place in 3Q 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
Aquila(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
Built up
77
≃90%
≃40%
Secured: 317MW
• France: - Vaa2 ext. 7MW
- Picardie 18MW
- Limousine I 15MW
in operation:
- Vent D’Est 16MW
- Vaa2 13MW
- Le Melier 8MW
- Torfou 18MW
• Germany in operation:
- Linda 22MW
• UK: - Evishagaran 47MW
- 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
340-370
NFP
1,343
≃1,260
≃1,295
1,390-1,470
Acceleration of targets in the first years of BP
FINANCIALS – UPDATED PROJECTIONS
19. GROUP DEBT STRUCTURE
19
Evolving new financial strategy: move from Project Financing fund raising to corporate/DCM Financing
ERG S.p.A.(1)
MLT Corporate Loan €686mn
Bond €600mn
ERG Group
MLT Corporate Loan €686mn
MLT PF Loan €832mn
Bond €600mn
ERG Hydro Srl
MLT PF €0mn
ERG Power Srl
MLT PF €0mn
Wind SPVs
MLT PF €526mn
ERG Solar Holding Srl
MLT PF €306mn
• 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.
22. ADJUSTED P&L
22
Note: figures based on NO GAAP measures
1H 2019 1H 2018 Euro millions 2Q 2019 2Q 2018
273 277 Adjusted EBITDA 110 114
(145) (136) Amortization and depreciation (73) (68)
128 140 Adjusted EBIT 36 47
(33) (38) Net financial income (expenses) (15) (20)
0 0 Net income (loss) from equity investments 0 (0)
95 103 Adjusted Results before taxes 21 27
(27) (27) Income taxes (7) (8)
68 76 Adjusted Results for the period 14 19
(1) (0) Minority interests (1) (0)
68 76 Adjusted Net Profit 14 19
29% 26% Tax Rate 33% 28%
23. 1H 2019 CASH FLOW STATEMENT
23
Adj. Leverage
1,343
1,662
Adj. Net Debt
31/12/2018
Net working
capital
Adj. Net Debt
30/06/2019
Adj.
EBITDA
CAPEX &
Acquisitions
Financial
charges
(273)
112
79
49%
42%
307
Dividends
33
One-off items
related to
Liability Mgmt(1)
62
(1) Out of which €43mn is a non-cash item linked to the write-off of a positive FV associated to Erg Wind Project Financing, while the remainder is mainly linked
to the IRS unwinding of the same Project Financing
24. CAPEX:
Guidance confirmed at €340-370mn
2019 GUIDANCE
24
Adj. EBITDA:
Guidance fine-tuned at €495-505mn
495-505
Adj. NFP:
Guidance revised at €1.39-1.47bn
1H 2019
Guidance range
Guidance
Actual
(1) 2019 Guidance does not include IFRS 16 effects. It does not include also the effects of the recent acquisition in Germany for 34MW.
340-370
273
307
1,662
1,390-1,470
2019 FCST1H 2019
2019 FCST(1)1H 2019
2019 FCST(1)
26. 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
26
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
27. ERG SUSTAINABLE EVOLUTION
27
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)
28. 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 D- (poor) to A+ (excellent)
from CCC (Laggar) to AAA (leader)
ESG Rating Company
from 0 (Laggar) to 100 (Leader)Average
Performer
ESG Performance
better than average
from Weak to AdvancedAdvanced
28
6
30. 2018-2022 EBITDA EVOLUTION
30
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
31. CAPEX EVOLUTION
31
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
32. 3.4x
2.6x
2.7x
142 106 88
1,415
1,127 1,255
STRONG BALANCE SHEET
32
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
€664m 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
20182016 2017
1,343
1,557
1,233
20182016 2017
506
731 754
Average 664
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
33. ERG 2018-2022: FINANCIAL STRATEGY
33
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
34. STRONG CASH GENERATION
34
(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
35. KPI IN THE PLAN PERIOD
35
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:
37. LUCA BETTONTE - CEO
37
Born in Rovigo on 30th September 1963.
Graduated in economics and business at the University of Bologna.
Chartered Accountant and Auditor.
Chief Executive Officer of ERG S.p.A.
From June 2012 to January 2018 Director of TotalErg S.p.A.
From July 2016 to December 2016 Chief Executive Officer of ERG Renew S.p.A.
From April 2012 to July 2016 Director of ERG Renew S.p.A.
From July 2011 to April 2012 Chairman of the Board of Directors of ERG Renew S.p.A.
From December 2009 to April 2012 General Manager Corporate and Director of ERG S.p.A.
From November 2007 to December 2009 CFO of ERG S.p.A.
As from 2003 up to 2007 he has been CFO of Atlantia S.p.A., Finance Director of Autostrade per l'Italia S.p.A., Chairman of
Autostrade International US Holdings, Director of Impregilo S.p.A., Autostrade Sud America Srl and of Emittenti Titoli S.pA.
As from 1998 up to 2003 he worked at Indesit Company S.p.A. both as Group Financial Controller at first and lately,
starting from year 2000, as CFO, respectively.
As from 1990 up to 1998 he worked for Pricewaterhouse Coopers S.p.A. in Italy and Great Britain.
Professor at the Faculty of Economics and Commerce of the "Università Cattolica Sacro Cuore" in Milan from 2008 to 2010
and of the University of Bologna as from 2004 up to 2008, respectively.
38. PAOLO MERLI - CFO
38
Born in Milan on 24th June 1971, he graduated in Electrical Engineering from the University of Pavia in March 1996. After
doing his national service at the Italian Red Cross, in June 1998 he was awarded an MBA in Finance from the Eni "Scuola
Superiore Enrico Mattei".
He joined the ERG Group in September 2006, where he is currently Corporate General Manager and Chief Financial
Officer, in charge of activities pertaining to Investor Relations, Mergers & Acquisitions, Group Administration, Finance,
Planning, Control & Reporting, Group Risk Management & Corporate Finance, Procurement and Human Capital & ICT.
He is member of the Strategic Committee, Board Director of ERG Power Generation S.p.A., beside being member of
other internal committees such as Management Committee, Investment Committee, Risk Committee and Human Capital
Committee. As from 2014 he is the Manager Responsible for preparing the Company’s financial reports.
Other positions held in the past:
From October 2015 to January 2018 he was a member of the Board of Directors of TotalErg S.p.A.
He previously worked for around 7 years as a financial analyst covering the European Energy and Motorways sectors at
Intermonte, a leading brokerage firm owned by the Monte dei Paschi Banking Group. At Intermonte he was also a
"specialist" in ERG stock when ERG joined the STAR segment.
From 1998 to 2000 he worked in the sales department at Snam S.p.A. (current Gas & Power division of Eni Group).
Outside of work, his biggest passion is sport, particularly cycling (racing and mountain biking) and skiing (alpine and
cross-country).
He is married, with two children.
39. EMANUELA DELUCCHI – HEAD OF IR
39
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 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.