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Why is virya partnering with constant energy?

Virya Energy and Constant Energy forge a powerful partnership, significantly boosting Virya global presence in renewables. With Virya now as the majority shareholder and having gained extensive access to capital, this alliance propels Constant Energy into a new era of growth and development.

What is virya energy?

Virya Energy develops, finances, constructs, and operates sustainable energy assets. We accelerate the energy transition by scaling new technologies across the sustainable energy ecosystem. By delivering “fit for purpose energy,” we ensure our renewable solutions match each client’s specific needs, scale, and operational rhythms.

Who owns virya energy?

Virya Energy, established in 2019 by the Colruyt Group and Korys, operates across the sustainable energy value chain, with green energy production in Europe and Asia. Give your business an edge with our leading industry insights. Korys Investments has agreed to acquire an additional 30% stake in Belgium-based Virya Energy from the Colruyt Group.

Will korys reinvest in virya energy?

Korys aims to bolster Virya Energy’s capacity to achieve its ambitious international growth objectives. The acquisition of a controlling interest in Virya Energy, coupled with the reinvestment of proceeds from 2023’s sale of Parkwind to JERA, will boost Korys’ position in the renewable energy market.

Does Colruyt Group own virya energy?

Colruyt Group’s shareholding in the Belgium-based energy company will decrease from 59.94% to 30%. Korys aims to bolster Virya Energy’s capacity to achieve its ambitious international growth objectives.

Why did virya energy change its ownership structure?

Virya Energy CEO Paul Tummers stated: “This shift in ownership structure is a positive and natural development for Virya Energy. Korys’ commitment to sustainability aligns perfectly with our vision to develop more than 3GW of production capacity across the full energy value chain over the next ten years.