As part of its continued building of a strong, leading, diversified renewable energy business in Europe, Ventient Energy has extended its Iberian business, signing a purchase agreement for a total of 443 MW capacity, comprising 203 MW of onshore wind and the future buildout of 240 MW of hybridised solar which will be built on Ventient’s onshore wind sites.
This will complement Ventient’s existing Iberian wind and hybrid solar growth opportunities, paving the way to a business of over 2GW in Iberia and 790 MW in Spain.
“This acquisition is a step of great significance for Ventient. It grows our major commitment to the Spanish energy system and strengthens our relations with the communities and authorities in the region of Castilla y Leon. Together with our current wind farms, we are already broadening our business through creating state-of-the-art hybrid plants. These will provide the most efficient energy generation from each site. In time we expect evolve our business still further.
This step is also important for the broader energy business we are building in Europe, which already stands as the largest independently owned onshore wind group, and very importantly the sector leader in ESG. We are particularly delighted to take this step with Vapat, whose long-term leadership in the region of Castilla y Leon is well recognised and respected”. Said Ventient Energy CEO, Mark Jones.
The sale is expected to conclude early next year, subject to regulatory approval.
Ventient Energy is Europe’s largest independent onshore wind power generator, owns and operates assets across Belgium, France, Germany, Portugal, Spain and the United Kingdom. This acquisition will bring its onshore wind installed capacity to 2.8 GW, increase its five-year renewable energy build programme, bring a new family of regional relations, and further growth opportunities for the business within the renewable energy landscape.
About Ventient Energy
Ventient Energy is a pan-European, non-utility generator of renewable energy. It currently owns and operates onshore wind farms in Belgium, France, Germany, Portugal, Spain, and the UK, with a total installed capacity of 2.6GW.
Ventient’s portfolio has grown quickly since its formation in 2017. The business focuses on sustainable growth that provides long term returns to their pension fund shareholders and generates renewable energy to help secure the future of people and the planet.
For further enquiries please contact Camilla Barlocco
Brand & Stakeholder Manager at Ventient Energy
T: +44 (0)131 252 1455
4th Floor, 12 Blenheim Place, Edinburgh, EH7 5JH
T: +44 (0)131 243 1380
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