ERG has acquired seven operational onshore wind farms in northern England totalling 73MW.
The assets were bought from OnPath Energy and are all supported by Renewable Obligation Certificates with an average residual duration of nine years.
ERG said the plants were commissioned between 2011 and 2017 and will contribute to group results from 2026.
According to the company, the portfolio generated 174GWh in 2024 and delivered an EBITDA of around £18m, equivalent to €21m.
It added that the enterprise value of the transaction amounts to about £97m.
The plants are located across several counties in northern England and have an estimated annual production of approximately 173.3GWh.
They also have an equivalent of 2.387 full-load hours, corresponding to 65kt of CO₂ emissions avoided each year and the energy needs of approximately 40000 households.
At the same time ERG has sold the 62MW Furuby wind farm in Sweden to Nordetic AB through its subsidiary ERG Power Generation S.p.A.
The company stated that the asset entered operations in November 2022 and registered an annual output of 134GWh in 2024 alongside a €6.3m EBITDA.
It added that the enterprise value of the transaction amounts to €71m and may be increased by up to an additional €6m through earn-out mechanisms linked to future generation.
Paolo Merli, CEO of ERG, said: “Through these two transactions, we are launching a geographic refocusing strategy aimed at exiting “non-core” countries, such as Sweden, to strengthen positioning in strategic markets where the Group has a significant industrial presence, such as the United Kingdom.”
Merli added: “The asset portfolio acquired in England also offers significant medium-term repowering opportunities, a technological intervention in which the Group has strong expertise.”
He said: “As a result, the UK, with 412 MW installed capacity, becomes the Group’s third largest market, where it consolidates its position among the top ten onshore wind operators.”
Merli added: “From a financial standpoint, the two transactions are expected to be Ebitda and Net Income accretive, with a limited impact on the Group’s net debt.”