Elia Group to acquire a 35.1% stake in energyRe Giga Projects from energyRe.

Elia Group, a builder and operator of the high-voltage transmission system operator, agreed to acquire a 35.1% stake in energyRe Giga Projects, from energyRe, an independent US company solving complex sustainability challenges and delivering large-scale clean energy solutions. Financial terms were not disclosed. "energyRe is accelerating the US clean energy transition with state-of-the-art transmission and large-scale onshore and offshore generation that will modernize the nation’s electric grids and decarbonize American cities with reliable, clean power. This strategic investment from Elia Group will support energyRe’s mission to deliver sustainable, resilient, and innovative energy systems to the communities we serve,” Miguel Prado, energyRe CEO.