Europe’s biggest utility said it had agreed to acquire a 527 megawatt portfolio of assets from ERG generating an average of around 1.5 terrawatt hours of power per year. MILAN : Enel said it has agreed to buy hydroelectric assets from Italian renewable energy group ERG in a deal worth one billion euros ($1.19 billion). […]
TIM and Orange Make Renewable Power Commitments
TIM subsidiary Telenergia has signed a 10-year agreement for 3.4 Terawatt-hours (TWh) of green energy to power operations from 2022 to 2031. Meanwhile, Orange has set out its plan to deploy solar power for its operations across the MEA region. TIM’s power requirements will be met by ERG’s wind farms and will account for more […]
Italy’s ERG Pledges 2.1 Billion Euros to Become Pure Green
Italy’s ERG pledged on Friday to spend 2.1 billion euros ($2.5 billion) over the next five years to complete its transition to an entirely renewable company and drive earnings. Already Italy’s biggest wind operator, which generates some 60% of earnings from wind power, ERG said it aimed to add 1.5 gigawatts (GW) of capacity by […]