Engie has acquired a fully operational 157MW renewable portfolio in the UK from Munich Re’s asset manager MEAG, including 4 solar projects and 3 onshore wind farms, located in England and Wales.
The purchase, which is subject to UK Government clearance, represents a significant milestone in Engie’s UK renewable energy strategy, the developer said.
Miya Paolucci, UK chief executive of Engie, said: “This acquisition expands our renewable generation capacity and reflects our ongoing commitment to growing our operations here in the UK.
“It is a key part of our strategy to invest in low carbon technologies so we can provide clean energy to our B2B customers and support the energy transition.”
Suresh Bhaskar, Engie managing director of renewables UK & Ireland, added: “By leveraging Engie’s development capabilities and working with local ecosystems and communities, we plan to transform this portfolio into a future asset base that has significant additional capacity.
“With the opportunity to co-locate BESS and solar, plus repower old assets, our integrated approach means we can generate, trade and supply even more low carbon energy, helping our customers to decarbonise.”
