Renantis, a renewable energy developer, and Ventent Energy plan to merge to create one of Europe's largest independent renewable power producers with a total installed capacity of 4.2GW. These two clean energy companies are both owned by institutional investors who provide consulting services from JPMorgan Asset Management's Global Infrastructure Group. The total installed capacity of the integrated business will be distributed across more than 200 factories.

Renantis and Ventient Energy have 18GW of development pipelines, including floating offshore wind power, onshore wind power, solar photovoltaic, energy storage, and green hydrogen energy projects. By combining Renantis' development capabilities with Ventient Energy's excellent operations.

In addition, the merged business will own, develop, and operate a diversified portfolio of renewable energy assets. Renantis, formerly Falck Renewables, has nearly 70 renewable energy factories with a total capacity of 1.42GW. The company owns 17 GW of project pipelines, including 8.6GW of floating offshore wind power projects developed in Italy and the United Kingdom.

Renantis CEO Toni Volpe stated that we will jointly create an organization that enables us to accelerate the construction of a better future for humanity and the planet. The two companies share the same values, goals, and culture, so this integration is a natural step in the evolution of our business strategy.

Kevin McCullough, interim CEO of Ventient Energy, stated that the existing synergies and complementary expertise will enable us to unleash untapped potential. Looking at it separately, our company is taking positive steps to accelerate energy transformation and build a more sustainable energy future. But these steps together become big strides forward, and we can transform them into future leaps.

After the merger, the merged company intends to continue providing customized energy management, asset management, and technical consulting solutions. This merger will also integrate over 750 Renantis employees and 250 Ventient Energy employees into one organization. The two companies are expected to operate after a merger in 2024.Editor/XingWentao