Renantis and Ventient announce merger eyeing 18GW pipeline

Italian energy company Renantis has agreed to join with UK-based Ventient Energy with a full merger expected to be finalised next year.

by Orlando Jenkinson 27 June 2023

The Les Crêtes wind farm in France operated by Renantis. The company has more than 1GW of installed onshore wind capacity in Europe

Both companies are owned by investors advised by financial giant JP Morgan Asset Management, and claim their planned merger would create one of top five independent power producers in Europe on completion.

The pair boast a total of 4.2GW of installed energy capacity across more than 200 sites. Renantis has an installed onshore wind capacity of 1.96 GW installed in Italy, Spain, France, Sweden, Norway and the UK.

Venantis has 2.8GW of installed onshore wind capacity across wind farms in Belgium, France, Germany, Portugal, Spain and the UK.

Toni Volpe, CEO of Renantis, will lead the new company once the merger is complete.

“Together, we will create an organisation that will allow us to accelerate towards building a better future for people and the planet. Both companies share aligned values, purpose and culture, so this integration is a natural step in the strategic evolution of our businesses,” he said in a statement.

Renantis has a pipeline of projects totalling 17GW including 8.6GW of floating offshore wind projects currently being developed — 5.5GW of which are located in Italy and an additional 3.1GW planned in the UK.