# Achernar Assets AG to acquire ERG Power S.r.l. and its Priolo Gargallo CCGT plant

Achernar Assets AG has signed an agreement to acquire ERG Power S.r.l. from ERG Power Generation S.p.A., including the 480 MW CCGT cogeneration plant in Priolo Gargallo, Syracuse, Italy.

- Type: Acquisition
- Announced: 2023-06-29
- Where: Priolo Gargallo, Syracuse, Italy
- Jobs: 144
- Status: announced
- Capacity: 480 MW
- Products: electricity, steam
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Achernar Assets AG](https://endata.com/companies/71147.md) (acquirer)
- [ERG Power Generation S.p.A.](https://endata.com/companies/71148.md) (target)
- [ERG Power S.r.l.](https://endata.com/companies/71149.md) (target)

## Sources

- [achernarassets.com](https://www.achernarassets.com/agreement-for-the-purchase-of-the-priolo-gargallo-thermoelectric-plant-from-erg/), 2023-06-29: "Achernar Assets AG announced today that it has signed an agreement with ERG Power Generation S.p.A. to acquire the entire share capital of ERG Power S.r.l."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.