Ventient Energy, a UK-based renewable energy company, has completed the acquisition of a clean energy portfolio in Spain totalling 443 MW. Regulatory officials authorised the merger in April 2022 after it was first announced in December 2021. The portfolio includes 203 MW of onshore wind and 240 MW of solar capacity, and it is located in the Spanish province of Castilla y Leon.
With the expansion of the hybridised solar portfolio included in the transaction, Ventient’s installed capacity will increase to 2.8 GW, with the capacity forecast to exceed 3 GW. Ventient stated that it will continue to collaborate with Vapat in order to provide best in class operations. Ventient Energy, which was founded in 2017, owns and operates onshore wind farms in Belgium, France, Germany, Portugal, Spain, and the UK.
In April 2022, Shell, a British oil and gas company, had prepared binding bids to acquire Q-Energy’s energy assets in Spain, which are worth €1 billion in total. Reportedly, in addition to Shell, Naturgy and Austrian electricity provider Verbund are also preparing offers for the portfolio. Q-Energy, a Spanish fund manager, is selling the solar assets to take advantage of rising demand from European energy companies seeking to meet various government’s climate change goals.
