Analyst and investor call - 6 March 2024
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04 December 2023

Elia Group enters into a firm agreement to acquire a 35.1% stake in energyRe Giga, a US clean energy company, marking a strategic step towards establishing itself as an internationally renowned expert in the field of electricity transmission

On 4 December 2023, Elia Group SA/NV (“Elia Group”) enters into a firm agreement to acquire a 35.1% stake in energyRe Giga Projects (“energyRe Giga”), a subsidiary of energyRe LLC—an independent US company solving complex sustainability challenges and delivering large-scale clean energy solutions. Elia Group will deploy US$400 million over three years into energyRe Giga-Projects; 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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