ERG: directors' dealings · Italy · Consob

About ERG

ERG S.p.A. is a leading Italian renewable-energy company listed on Borsa Italiana (FTSE MIB) in Italy. The group traces its roots back to 1938 in Genoa, where it was founded as Edoardo Raffinerie Garrone. Over time, ERG completed a profound industrial transformation, moving away from its legacy oil-linked activities and building a business model centered on clean electricity generation. Its operational and historical headquarters remain in Genoa, which continues to be the company’s strategic and corporate anchor. ERG is now positioned as an independent power producer focused on renewable energy, with its portfolio primarily concentrated in onshore wind and, to a lesser extent, solar power. These two technologies form the core of the company’s revenue base and investment strategy. The group develops, operates and optimizes renewable assets, with a strong emphasis on operational efficiency, asset repowering and extending the life and productivity of existing sites. In addition, ERG is increasingly prioritizing battery energy storage systems (BESS), a key pillar for improving grid flexibility, enhancing asset value and supporting more stable earnings over time. From a competitive standpoint, ERG is widely regarded as the leading wind operator in Italy and one of the major onshore wind players in Europe. Its geographic footprint is diversified across several European markets, including Italy, France, Germany, the United Kingdom, Spain and other selected jurisdictions. This broad exposure helps reduce concentration risk while tying the company to structural growth trends in the European renewable-energy market. ERG’s commercial model combines merchant exposure, long-term power purchase agreements and regulated frameworks, helping to partially mitigate electricity-price volatility. Recent milestones underscore the company’s execution capability. ERG has accelerated its wind-repowering pipeline, won new projects aligned with the Italian energy transition, and entered the electrochemical storage segment with the commissioning of its first BESS in Sicily. The company has also signed long-term wind power agreements, reinforcing its ability to secure multi-year cash-flow visibility. More recently, ERG has confirmed a continued organic-growth strategy centered on repowering, solar development and storage, while maintaining its position as a reference renewables name on Borsa Italiana (FTSE MIB) in Italy.