Dialogue with the urban context for new energy: the Borgo Panigale cogeneration plant
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Web Content Article · written-by LUCIA ALGISI on-date Jun 19, 2024 11:15 AM
2024-06-19 Press_Hera_ESG.jpg For the fourth consecutive year, the Group is on the podium of the overall index ranking, which rewards Italian companies that stand out for integrating ESG factors...
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Web Content Article · written-by LUCIA ALGISI on-date Jun 11, 2024 1:21 PM
2024-06-11 The Hera Group, through its subsidiary operating in the natural gas distribution sector, strengthens its presence in the area served centrata This morning, at the Hera Group’s...
Comunicati stampa: Hera Spa M&A Price sensitive -
Web Content Article · written-by LUCIA ALGISI on-date May 15, 2024 11:00 AM
2024-05-15 Kindly note that as of today the minutes of the Shareholders Meeting held on 30 April 2024, as well as the articles of association containing the amendments approved by the...
Comunicati stampa: Shareholders’ meeting Price sensitive Hera Spa -
Web Content Article · written-by LUCIA ALGISI on-date May 15, 2024 10:22 AM
Through its subsidiary Inrete Distribuzione Energia, the Group was awarded the tender for the gas distribution plants and network serving the municipality of Argenta in Ferrara area
Comunicati stampa: Price sensitive M&A Hera Spa -
Web Content Article · written-by LUCIA ALGISI on-date May 14, 2024 9:37 AM
2024-05-14 The consolidated quarterly report at 31 March shows improvement in the main operating and financial indicators. The Group’s financial solidity and commitment to sustainability and the...
Comunicati stampa: Price sensitive Financial Results Hera Spa -
Web Content Article · written-by ANDREA GUERCI on-date Apr 29, 2024 6:29 PM
The Group continues along its path of uninterrupted growth, closing 2023 with record performance in the main operating and financial indicators, thus constantly creating value for its stakeholders.
Comunicati stampa: Shareholders’ meeting Hera Spa Price sensitive SOTTOSCRIZIONI ALERT: Price sensitive press release -
Web Content Article · written-by ANDREA GUERCI on-date Mar 26, 2024 9:44 AM
2024-03-26 img_primopiano_BE2023_870_V2.png The year closed with main financial indicators rising and the targets included in the strategic Plan to 2026 exceeded three years ahead of schedule. The...
Comunicati stampa: Other press releases Hera Spa Price sensitive Financial Results SOTTOSCRIZIONI ALERT: Price sensitive press release -
Web Content Article · written-by THOMAS CECCONI on-date Jan 24, 2024 12:09 PM
2024-01-24 Development, resilience and creating shared value for stakeholders are at the heart of the Group’s new strategic document, which foresees investments totalling 4.4 billion to speed up...
Comunicati stampa: Price sensitive Financial Results Hera Spa Other press releases -
Web Content Article · written-by LUCIA ALGISI on-date Jan 19, 2024 2:43 PM
2024-01-22 Corporate events (*) In accordance with art. 2.6.2 (Required Reporting) of the “Rules of the markets organised and managed by Borsa Italiana S.p.A.", please find below our annual...
Comunicati stampa: Shareholders’ meeting Hera Spa Other press releases Price sensitive -
Web Content Article · written-by Palvi Andrea Tonziello on-date Nov 8, 2023 11:42 AM
2023-11-08 The first nine months of the year ended with strong growth in all economic and financial indicators, confirming the Group’s solidity and the effectiveness of its multi-business strategy....
Comunicati stampa: Hera Spa Financial Results Price sensitive -
Web Content Article · written-by Palvi Andrea Tonziello on-date Jul 26, 2023 12:13 PM
2023-07-26 The consolidated half-year report at 30 June shows growth in all main operating-financial indicators, confirming Hera’s financial solidity and once again demonstrating the effectiveness...
Comunicati stampa: Hera Spa Price sensitive Financial Results -
Web Content Article · written-by Palvi Andrea Tonziello on-date Jul 14, 2023 2:59 PM
2023-07-17 The EIB loan will help improve the resilience of the integrated water cycle, energy efficiency and the management of environmental services in the areas served by Hera. Operations in...
Comunicati stampa: Price sensitive Hera Spa Other press releases -
Web Content Article · written-by Palvi Andrea Tonziello on-date May 15, 2023 11:00 AM
2023-05-15 Kindly note that as of today the minutes of the Shareholders Meeting held on 27 April 2023 are available at company headquarters, on the Hera Group’s website...
Comunicati stampa: Hera Spa Shareholders’ meeting Price sensitive -
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...
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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
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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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