ENGIE announces the signing of an agreement to acquire 100% of UK Power Networks (UKPN), the best-in-class electricity distributor in the UK, for an equity value1 of £10.5 billion. This acquisition marks a major milestone in ENGIE’s ambition to become the best energy transition utility, by strengthening its position in regulated electricity networks.
The BPA – the first of its kind for the UK food and drink industry and a first for PepsiCo across EMEA – will see ENGIE build a new anaerobic digestion (AD) plant and increase its portfolio of biomethane plants in the country, delivering more homegrown green gas and supporting efficient decarbonisation of UK industry.
ENGIE has completed the £45m remediation and transformation of the former Rugeley Power Station into a sustainable community asset.
enfinium will supply around 390 GWh of reliable homegrown power to ENGIE per year from 2025 to 2028, equivalent to powering 140,000 homes.
More local homes and businesses across Exeter and East Devon are now benefiting from increased renewable gas, as Gorst Energy Plant maximises the capacity of existing equipment.