Energy - Sorgenia
Sorgenia, a company created and controlled by CIR and in which Austrian electricity company Verbund has a holding, is the first private operator in Italy in the domestic electricity and natural gas market. Sorgenia operates in sourcing, marketing and supply in both the electricity and natural gas sectors. The company’s CEO is Massimo Orlandi.
Sorgenia is the number two electricity supplier of Italian businesses, second only to Enel. The company has made investments of around 3 billion euro to equip itself with highly efficient generating facilities with a low environmental impact. These consists of four combined cycle gas turbine plants in Lombardy, Molise, Puglia and Lazio and production plants from renewable sources in Italy and France. The company is also a co-controlling shareholder in Tirreno Power, one of the largest Italian electricity producers.
Sorgenia has an installed capacity of over 5,000 megawatts (MW) and over 500,000 cilents.
Since 2005 Sorgenia has been registered with the Electricity and Gas Authority as an ESco (Energy Service Company), i.e. a company specializing in energy efficiency services.
At the end of 2012 Sorgenia had revenues of 2.6 billion euros, EBITDA of 57.1 million euros after write-downs of 44.3 million and net loss of 196.8 million euros mailnly affected by the economic downturn and changes in regulatory frameworks.