Renantis and Ventient Energy, under the advisory of the Global Infrastructure group at J.P. Morgan Asset Management, have announced plans to integrate their operations, creating one of the largest renewable independent power producers (IPPs) in Europe.

The consolidated enterprise, boasting 4.2GW of installed capacity across over 200 facilities, is set to rank among the top five European onshore wind IPPs. Together, Renantis and Ventient Energy operate a diverse array of onshore wind farms, solar plants, and energy storage facilities across nine countries in Europe and the USA.

The company’s development pipeline, which stands at an impressive 18 GW, comprises onshore wind, floating offshore wind, solar PV, energy storage, and green hydrogen projects. By integrating Renantis’ development strengths with Ventient Energy’s operational expertise, the unified company is positioned to become a leading entity that owns, develops, and operates a varied portfolio of renewable energy assets.

The intended merged organization is set to continue providing customized energy management, asset management, and technical advisory solutions, maintaining its long-standing reputation for delivering services to industrial and tertiary-sector clients across all stages of the value chain.

The firms have already embarked on the integration process, with the expectation to operate as a combined group by 2024. The new organization will amalgamate over 750 Renantis employees and 250 from Ventient Energy, creating a sizable, opportunity-rich entity with diversified expertise that benefits employees, stakeholders, and shareholders.

Toni Volpe, the current CEO of Renantis, will helm the new organization, driving it towards building a substantial business that has a significant impact on both people and the planet.

Toni Volpe said: “Sustainability and people are at the centre of everything we do at both Renantis and Ventient Energy. 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.”

Renantis, a globally recognized brand with headquarters in Italy, has been a significant player in the renewable energy sector since 2002, managing a robust project pipeline totaling 17GW.

Ventient Energy, a pan-European renewable energy business, has made its mark with 2.8GW of installed onshore wind capacity and integrated energy market solutions across 145 sites.

Kevin McCullough — Ventient Energy interim CEO said: “This is an exciting milestone in the growth of our companies. The synergies and complementary expertise that already exist will allow us to reach as yet untapped potential.

“Standing alone, our businesses are making positive steps to accelerate the energy transition and build a more sustainable energy future. But together those steps become strides, which we can transform into future leaps.”

  J.P. Morgan Asset Management, Kevin McCullough, Renantis, Toni Volpe, Ventient Energy