Ixora Energy Ltd is excited to announce its acquisition by ENGIE
Ixora Energy Ltd (Ixora) is excited to announce its acquisition by ENGIE, a global leader in renewable energy, from Downing LLP. The deal adds three anaerobic digestion (AD) sites in the UK to ENGIE’s already extensive portfolio.
ENGIE has a strong position in renewable gas production in France and, with the acquisition of Ixora, aims to strengthen its presence in the UK and become a key player in this fast-growing green energy market.
ENGIE was particularly impressed with the positive working culture of Ixora, its excellent health-and-safety track record, award-winning team and passion to support the green energy transition.
Anne-Laure Chassanite of ENGIE comments:“The acquisition of Ixora Ltd demonstrates ENGIE’s belief in a diversified energy mix for a reliable and affordable energy transition. It also shows our commitment to help shape the UK and Europe’s path to decarbonisation. With our substantial investments and strategic focus on renewable gases, ENGIE is poised to support the UK’s energy transition goals. We have a long-term vision to cultivate innovation and progress, while strongly supporting local communities.
"Our aim is to act as a champion of zero carbon energies that have a positive impact on people and the planet. We are proud to be working alongside the team at Ixora in achieving this bright future.”
Ixora’s AD facilities, based in the South West of England, produce biogas through the breakdown of agricultural feedstocks such as farm waste, food production byproducts and sustainably grown crops. The biogas is then processed to generate renewable gas and electricity for local networks. This process helps reduce reliance on imported fossil fuels and support the transition to a circular economy.
Darren Stockley, Managing Director of Ixora, comments: “The Ixora team are excited to join ENGIE and to be part of their ambitions for the UK’s green energy future. This marks a significant opportunity, and we believe that the combined expertise and experience of the companies will create a powerful synergy. We look forward to contributing to ENGIE’s commitment to reach net zero carbon by 2045.“
About ENGIE
ENGIE is a global reference in low-carbon energy and services. With its 96,000 employees, clients, partners and stakeholders, the Group strives every day to accelerate the transition towards a carbon-neutral economy, through reduced energy consumption and more environmentally friendly solutions. Inspired by its purpose statement, ENGIE reconciles economic performance with a positive impact on people and the planet, building on its key businesses (gas, renewable energy, services) to offer competitive solutions to its clients. For more information, visit https://www.engie.com/en
About Ixora
Ixora operates three plants in the South West. Gorst Energy in Clyst St Mary, on the outskirts of Exeter, Condate Biogas in South Molton and Sustainable Energy Generation in Somerset.
Using high quality AD technology, Ixora processes energy crops, agricultural waste and animal manures to produce biogas which is used to generate renewable electricity or gas. This renewable energy is injected into the gas and electricity grid, serving thousands of homes local to each plant. For more information, visit https://ixoraenergy.co.uk/
