Renantis and Ventient Energy to combine to form leading renewables firm
MILAN and EDINBURGH, Scotland, June 27, 2023 /PRNewswire/ -- Renantis and Ventient Energy – owned by institutional investors advised by the Global Infrastructure group at J.P. Morgan Asset Management – today announce that they intend to join forces to form one of the largest renewable independent power producers (IPPs) in Europe.
- Over 750 Renantis employees and 250 from Ventient Energy will form one organisation that brings scale, opportunity and diversified expertise to employees, stakeholders and shareholders.
- Announcing the integration, Toni Volpe commented: "Sustainability and people are at the centre of everything we do at both Renantis and Ventient Energy.
- Kevin McCullough, ad interim CEO of Ventient Energy, said: "This is an exciting milestone in the growth of our companies.
- Ventient Energy is a pan-European renewable energy business and one of the leading independent generators of renewable energy in Europe with 2.8 GW of installed onshore wind capacity and integrated energy market solutioning across 145 sites.