Green Bond Fact Sheet

This fact sheet details a EUR 500 million green bond issued by ERG Spa on April 11, 2019, to finance or refinance renewable energy projects in Europe, specifically focusing on solar, onshore wind, offshore wind, and bioenergy.

• ERG Spa issued a senior unsecured green bond on April 11, 2019, with a total amount of EUR 500 million (USD 564 million) and a maturity date of April 11, 2025, representing a 6-year tenor.
• The proceeds from the bond are designated for the financing or refinancing of renewable energy projects in Europe, specifically targeting solar, onshore wind, offshore wind, and bioenergy. Refinancing is subject to time limits: solar projects must not be older than 24 months from the issuance date, and wind projects must not be older than 36 months.
• ERG Spa is transitioning from its previous role as a major gasoline provider in Italy to a renewable energy focus. As of the report date, 29% of the company's electricity is produced using fossil fuels, primarily from a gas plant located in Siracusa.
• The issuer has committed to annual allocation and impact reporting until all proceeds are allocated. Impact metrics include installed renewable energy capacity in MW for solar, produced green energy in MWh per year for wind, and estimated annual emissions avoided in tons of CO2 equivalent per year for all projects.
• The Climate Bonds Initiative notes that the ERG issuance contributes to market diversification in Italy, where only 13 bonds had previously been issued by energy sector players, including three each from Enel and Terna.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-04%20IT%20ERG%20SpA.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-04%20IT%20ERG%20SpA.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=16 April 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-04%20IT%20ERG%20SpA.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = apr, url = {https://www.climatebonds.net/files/drupal-files/files/2019-04%20IT%20ERG%20SpA.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }