Established in 1999, Sorgenia operates in sourcing, marketing and supplying to all client types in both the electricity and the natural gas sectors. In the nearly twelve years of its history Sorgenia has developed from being a start-up to one of the main players in the Italian energy market. In this period the company has made investments of around 2.8 billion euro to equip itself with highly efficient generating facilities with a low environmental impact.

Besides the power plants of the investee Tirreno Power that are already in operation Sorgenia has completed the construction of various new greenfield plants (i.e plants built from scratch on greenfield land). In both cases the technology selected is that of the Combined Cycle Gas Turbine (CCGT), considered to be the solution available today that gives the highest yield and is most compatible with the environment. 

The new combined cycle gas turbine plants are four (three of which are running commercially in Lombardy, Molise and Puglia and one under construction in Lazio).

Sorgenia also has production plants from renewable sources in Italy and France, particularly in the photovoltaic and wind sectors.

The strategic drivers of Sorgenia’s Business Plan 2011-2016 are the following:

• entry into the residential market and launch of dual fuel offers for electricity and gas with a target of 2 million customers by 2016;
• investments in the period for approximately 1.2 billion euro in the three business areas (energy market, renewable sources, hydrocarbon research and production);
• continuing growth of revenues and margins (revenues of 3.9 billion euro in 2013 and 4.8 billion in 2016; EBITDA of 423 million in 2013 and 746 million in 2016);
• a gradual reduction of the level of net debt and of the net debt/EBITDA ratio (to below 4 times EBITDA well before the end of the plan).