Erg and Glencore in Poland, with a capacity of 164 GWh per year

Erg has signed a Power Purchase Agreement (PPA) lasting 5 years with Glencore Energy Europe B.V., one of the world’s largest commodity traders, for the sale of energy generated by three wind farms owned by the Group in Poland.

A total of 820 GWh

The agreement is designed as a baseload arrangement, where the supplier ensures a constant power supply and the buyer receives uninterrupted energy regardless of weather conditions or seasonal changes. The contract is intended to cover a company’s base load,即 the minimum demand that remains consistent throughout the day.

The contract begins on January 1, 2027, and covers the supply of 164 GWh annually of renewable energy produced at Poland’s wind farms in Radziejów, Słupia, and Szydłowo, accounting for about 70% of the expected output from these facilities, resulting in a total volume of approximately 820 GWh.

Paolo Merli, CEO of Erg, commented: “The PPA with Glencore, a leading company active in international energy markets, represents another step in implementing our strategy to stabilize revenues through long-term contracts. Thanks to this agreement, which enhances our wind portfolio in Poland and confirms the Group’s leadership in the international PPA market, ERG’s contracted annual energy production over the past 5 years has reached approximately 4 TWh, accounting for about 45% of total generation.” In other words, thanks to these contracts, 45% of all the energy produced by the group is sold in advance.

200 million invested in Northern Ireland

Erg organized a panel in recent days with key representatives from institutions, the energy sector, and the electricity transmission network in Northern Ireland. In that country, the group is the third-largest operator in the renewable energy sector and has so far invested around 200 million. The most recent project completed is the Corlacky wind farm.

In the panel, as noted in an Erg commentary, reference is made to the problems in Northern Ireland’s electricity grid — namely transmission constraints and high levels of curtailment (when renewable energy plants are forced to reduce output because the grid cannot handle it) — which make revenue streams for operators less predictable. If revenues are unpredictable, it becomes harder to secure financing: the bankability of new projects decreases, as banks and investors are reluctant to fund installations that risk not being able to sell all the energy they produce.

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