- CREDITAS Group in the Czech Republic acquires InterGen and its UK operations.
- InterGen produces the equivalent of 5% of the UK’s electricity supply.
InterGen’s parent company, one of the UK’s largest independent power producers, has concluded the sale of InterGen and its UK operations to CREDITAS Group in the Czech Republic.
InterGen has operated flexible gas assets in the UK for more than 25 years, and its projects produce enough power to supply nearly three million homes, the equivalent of 5% of the UK’s electricity supply.
The power producer has around 2,800MW in operation between three combined-cycle gas turbine plants and one open-cycle gas turbine plant.
The company’s UK portfolio also includes the 450MW battery energy storage system development project, which is expected to become Europe’s largest.
CREDITAS Group will own all of InterGen’s UK sites, its growth projects, Edinburgh headquarters and employees across the region.
InterGen’s Chief Executive Officer, Jim Lightfoot, said: “This sale will allow us to move forward with a renewed certainty, accelerating the energy transition through our growth projects and providing energy for generations to come.”
CREDITAS Group Chief Executive Officer, Jiří Hrouda, said: “We are delighted to expand our operations outside the Czech Republic and enter the UK market at this crucial time.”