Leading independent green energy producer is boosted by new investment of €125m.
Energy Solutions Group (ESG), the largest independent producer of green energy in the Benelux, has closed a €125m transaction, enabling ESG to solidify its leading role in the energy transition and accelerate its growth strategy. The transaction marks the entry into the capital of a new shareholder, Infranity, a leading infrastructure investment and asset management firm dedicated to investing in sustainable and resilient businesses.
As part of this transaction, Infranity has invested a total of €125m in Energy Solutions Group’s shares (with €75m invested through a capital increase and €50m through a secondary transaction).
This capital increase, along with the one closed in December 2024, which was contributed to by Alpha Renewable Energy Fund, allows ESG to accelerate the building of a balanced green energy portfolio of solar, wind, energy storage and charging activities. This funding round also strengthens ESG’s position as a leading player in the energy transition in Belgium and the Netherlands, aiming to achieve 1.6 GW of operating capacity by 2027.
With a portfolio exceeding 1 GW of contracted capacity and 15 years of experience, ESG has established itself as a prominent reference point in the Benelux for large-scale renewable energy production and storage. Looking ahead to 2025, the company is set to launch several new projects, including a wind farm featuring four large turbines (25 MW near Rotterdam) and its inaugural large battery storage project (75 MW/300MWh near Bergen).
Patronale Life, alongside ESG’s founding managers, remains ESG’s largest and majority shareholder. With the support of Patronale Life, Alpha Renewable Energy Fund and Infranity, ESG says it is well-positioned to continue its growth trajectory as a leading energy transition platform, combining multiple forms of sustainable energy to provide innovative and resilient energy solutions.
“The entry of Infranity into ESG’s capital represents a significant milestone in our IPP journey as it will significantly strengthen our company,” said ESG CEO Bert Creemers. “The growth capital will enable us to take the necessary steps to further expand our energy production and storage portfolio in the coming years, increasing our impact on the energy transition in Belgium and the Netherlands,” he said.
Louis-Roch Burgard, co-head of Infranity’s Equity strategy, said: “We are excited to partner with the existing shareholders of ESG, a leading renewable energy producer in the Benelux and welcome them to the Infranity family. We have been impressed by the quality of its experienced management and their well-conceived growth strategy. We look forward to actively support and accompany ESG in the acceleration of its expansion, particularly into BESS, and help build a balanced portfolio of assets.”
Energy Solutions Group is the largest independent green energy producer in the Benelux. As a frontrunner in the energy transition, ESG has been developing and managing large-scale solar and wind farms since 2009, integrating them with energy storage solutions such as batteries, and EV charging infrastructure.
