Completion of Acquisition of 443MW in Spain: Ventient Energy – EQ Mag Pro
FOLLOWING OUR ACQUISITION ANNOUNCEMENT IN DECEMBER 2021, WE ARE PLEASED TO CONFIRM THE COMPLETION OF THE ACQUISITION OF 443 MW CAPACITY IN THE SPANISH REGION OF CASTILLA Y LEON.
The purchasing agreement that obtained regulatory approval in April 2022 comprises 203 MW of onshore wind and 240 MW of solar capacity to develop at the onshore wind sites.
“The completion of this acquisition reinforces Ventient’s progression in the energy transition; combining wind and other technologies for effective green energy delivery in the future, reaffirms the importance of our company in Iberia, which is now over 1.2 GW of operating renewable generation and a significant pipeline of future development, and continues the sustainable
growth of a leading renewable energy business within Europe.” Said CEO, Mark Jones
The acquisition will bring Ventient’s installed capacity to a 2.8 GW set out to exceed 3 GW with the development of the hybridized solar portfolio included in the purchase. Recognising their experience and long-term leadership in the region, Ventient will continue to work with Vapat for the delivery of best in class operations.
The CEO continues: “Each step in our growth strategy represents a long-term development of our sustainable approach to the generation of renewable energy, which is also clearly seen in
our continued ESG leadership in the sector. The diversification of our energy portfolio will improve the reliability of energy production and allow us to better respond to the challenges
faced by our environment due to climate change.
In 2022 we continue to focus on involving stakeholders in our sustainability journey, raising awareness on climate change, and building even stronger ESG practices across the business, and our ongoing commitment to sustainability, pensioners who rely on us and the future of the people and the planet”
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 2.8GW.
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.
