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
Boulevard de l'Empereur 20 B-1000 Brussels                             
Stéphanie Luyten
Head of Investor Relations
Boulevard de l'Empereur 20 B-1000 Brussels                         
Marleen Vanhecke
Elia Group Head Communication & Reputation
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