Shantel
Key Takeaways:
- Renantis and Ventient Energy, advised by J.P. Morgan Asset Management, are set to merge and become one of Europe’s largest independent power producers (IPPs) in the renewable energy sector.
- The combined company will have an installed capacity of 4.2 GW and a development pipeline of 18 GW, encompassing onshore wind, floating offshore wind, solar PV, energy storage, and green hydrogen projects.
- Renantis and Ventient Energy’s integration will leverage their respective strengths in development and operations, creating a powerhouse with a diverse renewable energy asset portfolio.
- The merger is expected to be completed in 2024, resulting in an organization that prioritizes sustainability and aims to build a better future for both people and the planet.
Introduction
Renantis and Ventient Energy, two significant players in the renewable energy sector, have announced their intention to merge and form one of the largest independent power producers (IPPs) in Europe. This strategic collaboration aims to leverage their combined capabilities and resources to accelerate the transition to renewable energy and make a meaningful impact on the environment.
Powering Europe’s Renewable Energy Landscape
The integration of Renantis and Ventient Energy will create a company with an impressive installed capacity of 4.2 GW, making it one of the top five European onshore wind IPPs. Their portfolio spans over 200 plants across nine countries in Europe and the USA, encompassing a diverse mix of onshore wind farms, solar plants, and energy storage facilities.
Driving Innovation and Sustainability
The companies’ combined development pipeline of 18 GW underscores their commitment to advancing renewable energy solutions. By harnessing Renantis’ development expertise and Ventient Energy’s operational excellence, the newly formed organization will own, develop, and operate a comprehensive portfolio of renewable energy assets. This diverse range of projects includes onshore wind, floating offshore wind, solar PV, energy storage, and green hydrogen initiatives.
Customized Solutions for a Sustainable Future
The intended merger ensures that the new organization will continue to provide customized energy management, asset management, and technical advisory solutions. Renantis and Ventient Energy have a proven track record of delivering services to industrial and tertiary-sector clients throughout the entire value chain. By combining their expertise, the merged company will offer comprehensive solutions to meet the evolving needs of the renewable energy market.
A Promising Future
The integration process has already begun, with the companies expecting to operate as a combined group by 2024. The new organization will bring together over 750 employees from Renantis and 250 employees from Ventient Energy, forming a team with expanded capabilities, increased opportunities, and diversified expertise. The goal is to build a business of scale that matters to both people and the planet.
Commitment to Sustainability
Toni Volpe, CEO of Renantis, expressed the shared values, purpose, and culture that both companies bring to the integration. Sustainability and people are at the core of their operations, and the merger allows them to accelerate the journey towards a better future. By joining forces, Renantis and Ventient Energy can take even more substantial strides in accelerating the energy transition and building a more sustainable energy future.
Unleashing Untapped Potential
Kevin McCullough, ad interim CEO of Ventient Energy, sees the merger as an exciting milestone in the growth of both companies. The synergies and complementary expertise create opportunities for untapped potential. While each company has made positive strides on its own in the energy transition, together they can transform those steps into significant leaps.
About Renantis
Renantis is a renewable energy company headquartered in Italy with a global presence. Since 2002, Renantis has been developing, designing, constructing, and operating onshore wind farms, solar PV plants, floating offshore wind farms, and energy storage facilities. With an installed capacity of 1,420 MW across nearly 70 renewable energy plants, Renantis is committed to creating shared value for all stakeholders while safeguarding and enhancing the environment. Renantis offers specialized services and expertise across 40 countries, covering all stages of the renewable energy value chain.
Learn more about Renantis at renantis.com.
About Ventient Energy
Ventient Energy is a pan-European renewable energy business focused on generating sustainable returns for investors while securing the future of people and the planet. As a leading independent generator of renewable energy in Europe, Ventient Energy owns and operates renewable assets across Belgium, France, Germany, Portugal, Spain, and the UK, with an installed capacity of 2.8 GW. The company is committed to sustainable growth and integrating renewable energy sources to maximize efficiency and reduce environmental impact.
