Eneco

Eneco

Dutch energy company providing renewable electricity, gas, and heating solutions to over two million customers in the Netherlands, Belgium, Germany, and the UK.

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€4.1b

Valuation: €4.1b

Acquisition
Total Funding-
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Eneco is a Dutch energy company based in Rotterdam, with operations spanning the Netherlands, Belgium, Germany, and the United Kingdom. Originally formed in 1995 through the merger of several municipal utilities, the company has grown into a major force in the European renewable energy sector. Since 2020, it has been majority-owned by a consortium of Mitsubishi Corporation and Chubu Electric Power.

Eneco is focused on accelerating the energy transition with the goal of becoming climate-neutral by 2035. Its strategy centers around sustainable energy generation, customer-oriented services, and integrated energy systems. The company operates a substantial portfolio of renewable assets, including offshore wind farms such as Luchterduinen and Princess Amalia in Dutch waters, and Norther in the Belgian North Sea, as well as a range of solar and heat generation projects.

Its trading division, Eneco Energy Trade, manages the company’s energy procurement, market operations, and asset optimization. This unit ensures efficient integration of renewable sources into national grids and helps balance supply and demand in increasingly dynamic energy markets.

In the UK, Eneco supplies 100% renewable electricity to business clients, leveraging its own wind and solar farms as well as third-party renewable generators. It has established long-term power purchase agreements with companies like Mars, Unilever, and Heineken to support corporate decarbonization goals.

The company’s sustainability framework, known as the One Planet Plan, outlines its ambitions in climate neutrality, biodiversity, and circularity. Eneco also operates multiple customer-facing brands, including Oxxio in the Netherlands, LichtBlick in Germany, AgroEnergy for the greenhouse sector, and WoonEnergie for housing cooperatives.

Keywords: Eneco, renewable energy, climate neutrality, offshore wind, energy transition, Mitsubishi, Chubu Electric, One Planet Plan, Oxxio, LichtBlick, AgroEnergy, WoonEnergie, Rotterdam, energy trading, solar power, wind farms

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Investments by Eneco

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Thermondo
ACQUISITION by Brookfield Corporation Jan 2020
Next Kraftwerke
ACQUISITION by Shell Feb 2021
JEDLIX
ACQUISITION by KrakenFlex Oct 2024
View 13 more