Dialogue with the urban context for new energy: the Borgo Panigale cogeneration plant
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Web Content Article · written-by Davide Donnarumma on-date May 10, 2023 3:30 PM
2023-05-10 The Board of Directors of Hera S.p.A. met today and assessed the independence of all members, appointed by the Shareholders Meeting held on 27 April 2023. Based on the declarations made...
Comunicati stampa: Shareholders’ meeting Price sensitive Hera Spa -
Web Content Article · written-by Palvi Andrea Tonziello on-date May 10, 2023 12:10 PM
2023-05-10 The consolidated quarterly report at 31 March shows growth in the main operating-financial indicators, once again proving the financial solidity and strength of the Group’s...
Comunicati stampa: Hera Spa Price sensitive Financial Results -
Web Content Article · written-by Palvi Andrea Tonziello on-date Apr 27, 2023 10:01 AM
2023-04-27 The Group continues along its path of growth, creating value shareholders and the local areas served. Cristian Fabbri appointed Executive Chairman of the Board of Directors and Orazio...
Comunicati stampa: Hera Spa Shareholders’ meeting Price sensitive -
Web Content Article · written-by Palvi Andrea Tonziello on-date Apr 13, 2023 5:31 PM
2023-04-14 Strong interest of international investors for the second sustainability-linked bond of the multiutility, for an amount equal to Euro 600 million and a maturity of 10 years, which...
Comunicati stampa: Hera Spa Price sensitive Other press releases -
Web Content Article · written-by Palvi Andrea Tonziello on-date Apr 12, 2023 10:33 AM
2023-04-12 Hera S.p.A. (the “Company”) announces that on the date hereof the update of its Euro Medium Term Notes programme has been completed, with the increase from euro 3.5 billion to euro 4.5...
Comunicati stampa: Hera Spa Price sensitive Other press releases -
Web Content Article · written-by Palvi Andrea Tonziello on-date Apr 4, 2023 11:34 AM
2023-04-05 Kindly note that the following documents, approved by the Hera S.p.A. Board of Directors, have been made available to the public at company headquarters, on the website...
Comunicati stampa: Hera Spa Shareholders’ meeting Price sensitive Financial Results -
Web Content Article · written-by Palvi Andrea Tonziello on-date Mar 21, 2023 12:47 PM
2023-03-21 The year ended positively, with growth in the main operating and financial indicators. The Group’s financial solidity and its multi-business industrial model allowed it to maintain a low...
Comunicati stampa: Hera Spa Price sensitive Financial Results Other press releases -
Web Content Article · written-by Palvi Andrea Tonziello on-date Mar 14, 2023 10:19 AM
2023-03-14 The transaction represents a strategic step in the business portfolio evolution of both the groups in the IT-TLC sector, in line with their respective industrial plans. Today, the Hera...
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Web Content Article · written-by Palvi Andrea Tonziello on-date Mar 8, 2023 10:06 AM
2023-03-08 With reference to the binding agreement signed on 7 November 2022, the partnership was finalised today between Hera and ACR, one of Italy’s leading companies in the sector of...
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Web Content Article · written-by Davide Donnarumma on-date Feb 8, 2023 1:43 PM
2023-02-08 Based on positive preliminary results for 2022, the new five-year Plan builds on the solid foundations of the previous one and is enriched with important projects aimed at promoting the...
Comunicati stampa: Financial Results Hera Spa Other press releases Price sensitive -
Web Content Article · written-by Palvi Andrea Tonziello on-date Dec 29, 2022 2:26 PM
2022-12-29 Following the press release issued on 29th November 2022, the Hera Group and the Ascopiave Group herein announce that today they have signed the contract deliverables governing the...
Comunicati stampa: Hera Spa Price sensitive M&A -
Web Content Article · written-by Palvi Andrea Tonziello on-date Dec 1, 2022 12:02 PM
2022-12-01 Ascopiave partially exercised the put option on its investment in EstEnergy, selling 8% of the capital to Hera Comm, the majority shareholder. Subsequent to the transaction, the Hera...
Comunicati stampa: Price sensitive M&A Hera Spa -
Web Content Article · written-by Davide Donnarumma on-date Nov 29, 2022 3:27 PM
2022-11-29 The partnership between the two companies, which won the public tender called by Asco Holding, is a strategic milestone in the evolution of the business portfolio of the two groups in...
Comunicati stampa: Price sensitive M&A Hera Spa -
Web Content Article · written-by Palvi Andrea Tonziello on-date Nov 9, 2022 12:23 PM
2022-11-09 Despite the complex macro scenario, the Group’s quarterly report at 30 September 2022 shows an increase in Ebitda compared to 2021. Hera’s multi-business model, balanced between internal...
Comunicati stampa: Hera Spa Price sensitive Financial Results -
Web Content Article · written-by Palvi Andrea Tonziello on-date Nov 7, 2022 3:52 PM
2022-11-07 The binding agreement signed today provides for the acquisition by the Hera Group of 60% of ACR, based in Modena and leader in the remediation and industrial waste treatment sector. ...
Comunicati stampa: Price sensitive Hera Spa M&A -
Web Content Article · written-by Palvi Andrea Tonziello on-date Jul 27, 2022 11:37 AM
2022-07-27 The half-year report shows increasing revenues and Ebitda, thanks to the contribution coming from the Group’s main business areas. The management policies implemented and the solidity...
Comunicati stampa: Price sensitive Financial Results Hera Spa Other press releases -
Web Content Article · written-by Palvi Andrea Tonziello on-date Jun 29, 2022 3:42 PM
2022-06-30 With the acquisition of 70% of this long-standing company based in the Marche region, the Hera Group subsidiary expects a 10% increase in turnover and a 5% rise in Ebitda, when in full...
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Web Content Article on-date May 18, 2022 5:53 PM
2022-05-18 Strong interest shown by international investors for the third “green bond” which will finance the sustainability projects of the multiutility in the areas of integrated water cycle,...
Comunicati stampa: Price sensitive Hera Spa -
Web Content Article · written-by Palvi Andrea Tonziello on-date May 11, 2022 2:54 PM
2022-05-11 In today's meeting, the Board of Directors – following the resignation of CEO Stefano Venier, announced on 5 April and effective as of 26 April 2022 – appointed Orazio Iacono by...
Comunicati stampa: Hera Spa Other press releases Price sensitive -
Web Content Article · written-by Palvi Andrea Tonziello on-date May 11, 2022 3:26 PM
2022-05-11 The consolidated quarterly report at 31 March shows growth in revenues and Ebitda, proving the solidity and resilience of the Hera Group’s business model even in this difficult economic...
Comunicati stampa: Financial Results Hera Spa Price sensitive Other press releases
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District heating is already in itself a "sustainable" and environment-friendly solution, because it can guarantee better performance than traditional domestic boilers. In addition, the plant located in Borgo Panigale ensures lower emissions into the environment, more reliability and greater availability of energy. The system can heat the equivalent of 8,000 residential units. Currently, the turbines can produce 35,000 MWh of energy per year, almost twice as much as in the past.
When going by the roundabout between Via Prati di Caprara and Via Vittorio Sabena in the Reno di Borgo Panigale neighbourhood in Bologna, it seems like you are passing next to a gigantic colourful radiator. It has the appearance of a modern work of art, but instead it is the Hera Group’s new cogeneration plant.
This plant has changed the face of the entire neighbourhood since it was inaugurated in October 2017. Its characteristic element is the elliptical structure covering the stack of the plant. It consists of 576 plates of colourful porcelain stoneware arranged on multiple overlapping rings that create a combination of colours and light with the nuances typical of the city of Bologna: brick red, ochre yellow, tuff yellow, dark brown and rust.
Hera’s undertaking for an efficient district heating system
The Cogen plant, which stands in Via Paolo Nanni Costa, is not only Hera’s jewel from the architectural viewpoint - perfectly integrated with the new urban context of the neighbourhood - but is also the Group’s pride and joy from the production viewpoint. Entirely designed and built by Heratech, the engineering essence of the Hera Group, the plant produces energy in cogeneration, meaning both electricity and hot water necessary for the district heating network. Built thanks to an investment topping Euro 17 million, the plant heats the equivalent of 8000 housing units and currently the turbines produce up to 35,000 Mwh of energy a year, almost double that of the past.
District heating is already in itself a “sustainable” and eco-friendly supply because it is able to guarantee greater efficiency than the traditional household boilers. What’s more is that the plant guarantees less atmospheric emissions, greater reliability and a higher availability of energy with 90% efficiency.
What does all of this mean in terms of benefits for the environment? It is like planting 25,000 new trees every year. Or stopping the flow of traffic of 8000 vehicles during the same period.
Technology, efficiency, reutilisation of the land
The use of advanced technology and energy efficiency are therefore the cornerstones of this work, in line with Hera’s mission for sustainable development. But that’s not all. The new Cogen district heating plant made a remarkable impact also in terms of land reutilisation. Built on the site of the thermoelectric plant in operation since the 1990s, the Cogen plant allowed the plant in Via Segantini to be shut down and today only one plant is able to cover the same requirement guaranteed by the two of the past. (is it advisable to say that?) Yes, I think so
This is an enormous goal that Hera has met, which sets upgrading existing facilities one of its primary objectives. If the percentage of land reutilisation was 77% in the Group Sustainability Report closed in 2019, the development of the network works and of plants presently in progress and included in the 2020-2023 Industrial Plan will allow 73% of reutilised land to be guaranteed. (data updated to 2019).
The undertaking of the Hera Group for energy efficiency
The Borgo Panigale Cogen plant is part of the 343 interventions forming the plans for improvement of Hera, Inrete, AcegasApsAmga and Marche Multiservizi at year-end 2019, and that will allow consumption to be cut by 13,740 Tep (-5.9% energy consumption compared to 2013), passing the target set for 2020 by -5%. (data updated to 2019).
The Bologna Cogen plant in figures:
- 8,000 housing units served
- 35,000 Mwh energy produced each year
- Euro 17 million invested
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