01 February 2024
Elia Group completes the acquisition of a minority stake in energyRe Giga
Further to the company announcement issued on 4 December 2023, Elia Group’s acquisition of a minority equity interest in energyRe Giga Projects (“energyRe Giga”) has been completed today on 1 February 2024.
It is expected that Elia Group will deploy US$400 million over three years into energyRe Giga. US$250 million out of the US$400 million have been drawn as part of the closing and Elia Group’s equity stake will increase as the amount is deployed over time, reaching 35.1% once the US$400 million is fully deployed. Proceeds will be fully committed to fund project development in US electricity transmission and renewable energy generation.
Yannick Dekoninck
Head of Capital Markets
mobile: +32 (0) 478 90 13 16
Boulevard de l'Empereur 20 B-1000 Brussels
Stéphanie Luyten
Head of Investor Relations
mobile: +32 (0) 467 05 44 95
Boulevard de l'Empereur 20 B-1000 Brussels
Marleen Vanhecke
Elia Group Head Communication & Reputation
mobile: +32 486 49 01 09
office: +32 2 546 71 32
