# ERG completes sale of Priolo Gargallo CCGT plant to Achernar Energy

ERG, through its subsidiary ERG Power Generation S.p.A., closed the sale of the entire share capital of ERG Power S.r.l., which owns the combined cycle gas turbine cogeneration plant at Priolo Gargallo, Sicily, to Achernar Energy S.p.A. The deal was completed on October 17, 2023, following conditions precedent including the golden power procedure.

- Type: Acquisition
- Announced: 2023-10-17
- Where: Priolo Gargallo, Sicily, Italy
- Status: completed
- Capacity: 480 MW
- Products: electricity, steam
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [ERG](https://endata.com/companies/62638.md)
- [ERG](https://endata.com/companies/62638.md) (target)
- [Achernar Assets AG](https://endata.com/companies/71147.md) (investor)
- [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)
- [Achernar Energy S.p.A.](https://endata.com/companies/73615.md) (acquirer)
- [Brown2Green Sicily](https://endata.com/companies/73742.md) (partner)

## Sources

- [gulfoilandgas.com](https://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=981178), 2023-10-17: "ERG today closed the sale of the entire share capital of ERG Power S.r.l., which owns the low-environmental-impact and high-efficiency Combined Cycle Gas Turbine (CCGT) cogeneration plant"
- [brown2green.co](https://www.brown2green.co/it/2023/10/18/brown2green-sicilia-per-la-gestione-dellimpianto-di-cogenerazione-a-ciclo-combinato-ccgt-di-priolo-gargallo-siracusa/), 2023-10-18: "Brown2Green Sicily è la nuova società che gestirà l’impianto di cogenerazione a ciclo combinato con turbina a gas (CCGT) a basso impatto ambientale ed elevata efficienza"
- [blogsicilia.it](https://www.blogsicilia.it/siracusa/centrale-termoelettrica-erg-cessione/931713/), 2023-10-18: "ERG ha perfezionato attraverso la propria controllata ERG Power Generation S.p.A, il closing con Achernar Energy S.p.A. per la cessione dell’intero capitale di ERG Power S.r.l."
- [siracusa.gds.it](https://siracusa.gds.it/articoli/economia/2023/10/18/erg-cede-ad-achernar-la-centrale-a-ciclo-combinato-di-priolo-per-gestire-limpianto-nasce-brown2green-sicily-046ed0e8-68fc-48df-b29c-5094e5662e28/), 2023-10-18: "Con questa operazione completiamo il percorso di trasformazione verso un modello di business puro Wind & Solar, obiettivo primario del nostro piano industriale e passo fondamentale verso il raggiungimento dell'obiettivo Net Zero."

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