Severn Trent Green Power (STGP) has received approval from the Competition and Markets Authority (CMA) to proceed with its planned purchase of Andigestion Limited, following a thorough Phase 1 inquiry.
According to STGP, this acquisition will bolster their annual energy generation by an additional 45GWh. The company’s strategic move will not only enhance its energy output but also open up new opportunities in Southwest England. Encompassing prominent urban centers like Bristol, Gloucester, and Exeter, this expansion aims to enable a greater number of businesses to convert their food waste into renewable energy through STGP’s services.
Expressing satisfaction with the CMA’s decision, Christer Stoyell, the managing director of STGP, emphasized the importance of this development. He stated, “We wholeheartedly welcome the CMA’s verdict on the Phase 1 investigation, paving the way for STGP to finalize its acquisition of the Andigestion portfolio. Through this strategic move, we anticipate enhanced competition at the local level and a broader geographical footprint for our leading operations. The addition of the Andigestion team to the Green Power family is a source of immense excitement for us. We firmly believe that the existing portfolio held by Andigestion holds substantial potential for growth, and we are committed to realizing this potential in the years ahead.”
This decision not only enhances STGP’s energy generation capabilities but also underscores its commitment to sustainable practices. The inclusion of the Andigestion assets will significantly contribute to STGP’s mission to harness waste for clean energy and contribute to environmental conservation.
As the acquisition process unfolds, STGP is poised to solidify its position as a key player in the renewable energy sector, while simultaneously fostering economic growth in Southwest England. The newfound synergy resulting from this merger will not only benefit the companies involved but also advance the region’s renewable energy sector, thereby creating a win-win scenario for both the industry and the environment.
In conclusion, the green light given by the CMA for Severn Trent Green Power’s acquisition of Andigestion Limited signifies a pivotal moment for the renewable energy sector. With the potential to catalyze growth and innovation in the field of waste-to-energy conversion, this merger holds promise for a cleaner, more sustainable future.
