Idex acquires Danpower Baltic

Backed over the past year by the Antin Infrastructure Partners investment fund, the Idex group has announced the acquisition of 90% of Danpower Baltic, a major renewable heat supplier in Lithuania, from a subsidiary of Enercity AG, one of Germany’s largest energy-sector groups, and GECO Investicijos. a Lithuanian investment fund specializing in renewable energies.

GECO Investicijos retains a 10% stake in Danpower Baltic.

Danpower Baltic, Lithuania’s leading independent producer of heat, manages six biomass heating plants in Vilnius and Kaunas. Between them, these six plants produce more than 1,000 GWh of renewable heat every year. Also in Kaunas – Lithuania’s second-largest city in terms of population – Danpower Baltic operates a 5 MW electricity cogeneration plant.