PGGM & Shell explore potential joint acquisition of Eneco

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

PGGM and Shell have joined forces to explore the opportunity to participate in the controlled auction for the sustainable energy provider Eneco. In December 2018 Eneco and its shareholders’ committee announced the start of the privatisation process.

This consortium is impressed with Eneco’s achievements in transforming the Dutch energy system through investments in sustainability and renewable energy. PGGM and Shell combine the knowledge, ambitions and financial commitment to build on Eneco’s sustainable strategy and are determined to competitively grow the renewable energy products and services offer for millions of customers in North West Europe.

With their roots in Dutch society, both PGGM and Shell understand Eneco’s unique position in taking on the challenges and opportunities of the energy transition. The consortium envisages that Eneco will be a platform for growth, operating from Rotterdam, with potential investments inside and outside of the Netherlands. Eneco could realise this as a separate entity, leveraging a strong identity, durable customer relations and a committed and experienced workforce within the company.

The consortium partners understand that Eneco will be brought to the market via a controlled auction, subject to shareholder approval. PGGM and Shell realise this process is at an early stage and respect that it is up to the shareholders to determine the next steps in the sale process. 

List of the country updates

Country updates

  • January 15, 2019

    Eurus Energy acquires wind projects in the Netherlands

    Eurus Energy Group has acquired six operational wind farms (total output of 32.18MW) and one wind farm project currently under development (21MW) from YARD ENERGY group, a major wind energy developer...

    Read more
  • January 15, 2019

    Encavis completes acquisition of 14 MW solar PV project in Netherlands

    Encavis AG has acquired the 14,1 MW Zierikzee solar park in the province of Zeeland, Netherlands. The facility was connected to the power grid at the end of 2018. The electricity generated by the park...

    Read more
  • January 01, 2019

    Nordex to supply 13 turbines for two wind projects in the Netherlands

    The Nordex Group has received an order from Vattenfall to supply and install 13 turbines for two projects in the Netherlands. The 22 MW Haringvliet project includes six N117/3675 machines and the 27 M...

    Read more
  • December 20, 2018

    MHI Vestas secures firm order Borssele V Innovation Site

    MHI Vestas Offshore Wind, in signing a firm order with Two Towers Consortium for the Borssele V Offshore Wind Farm, will supply two V164-9.5 MW turbines for the project. The 19 MW project has been des...

    Read more
  • December 04, 2018

    Greenchoice, Windunie and the ABN AMRO jointly invest in 14 MW wind project in the Netherlands

    Greenchoice, Windunie and the ABN AMRO Energy Transition Fund have jointly acquired a 100% stake in De Wieken, a private company that will develop DeVeenwieken wind project in the Dutch province of Ov...

    Read more

Share this update