ENGIE to acquire renewables operating portfolio in the UK from MEAG.

ENGIE, an energy company, agreed to acquire renewables operating portfolio in the UK from MEAG, the asset manager of Munich Re and ERGO. Financial terms were not disclosed. “This acquisition expands our renewable generation capacity and reflects our ongoing commitment to growing our operations here in the UK. It is a key part of our strategy to invest in low carbon technologies so we can provide clean energy to our B2B customers and support the energy transition,” Miya Paolucci, ENGIE UK CEO.