Eneco

Eneco, the trading name of Eneco Groep N.V., is a producer and suppliers of natural gas, electricity and heat in the Netherlands, serving more than 2 million business and residential customers. Eneco headquarters are located in Rotterdam. It also carries out energy trading and is involved in sustainable energy projects.

For the king, see Íñigo Arista of Pamplona.
Eneco
TypePublic (Naamloze Vennootschap)
IndustryElectricity
Founded1995 (1995)
Headquarters
Rotterdam
,
Netherlands
Key people
As Tempelman (CEO)
ProductsElectric power
Natural gas
ServicesHeating
Waste management and processing
Revenue€5,300 million (2012)
€233 million (2012)
Number of employees
6,839 (2012)
ParentMitsubishi Corporation (80%) & Chubu Electric Power (20 %)
SubsidiariesOxxio
Websitewww.eneco.nl

Eneco is the largest power company in Zuid Holland.

The company is divided into five business units:[1]

  • Eneco New Energy - responsible for sustainable generation and sustainable energy projects
  • Eneco Energy Trade - responsible for trade in energy and biomass
  • Eneco Netherlands - the main company, supplying gas and electricity to the Netherlands
  • Eneco Installation Companies - responsible for heating installations and the supply of energy to customers
  • Eneco International - responsible for projects outside of the Netherlands

On 8 January 2010 the United Kingdom Crown Estate awarded Eneco New Energy the Zone 7 offshore wind farm licence for UK waters. This gave the company exclusive rights to create a 900 MW offshore wind farm (Navitus Bay) off the west coast of the Isle of Wight.[2][3][4]

In December 2016, the company was awarded the Borssele 3 and 4 project, along with consortium partners Shell, Van Oord, and Mitsubishi/DGE. It was obtained for the lowest-ever strike price at the time (54.50 euro cents per megawatt-hour).[5]

The company was 100% owned by the local governments of the Netherlands. On 25 March 2020, Eneco Groep NV announced that the acquisition by a joint venture, jointly owned by the Japanese companies Mitsubishi Corporation (80%) and Chubu Electric Power (20%), was completed. The group installed a new board of directors following the acquisition.[6]

References
  1. Eneco Organisational chart
  2. BBC News article
  3. Enerco Press statement
  4. Isle of Wight County press article
  5. "Shell-Partners consortium ready to build Dutch offshore wind farm". Reuters. 2018-06-28. Retrieved 2019-05-13.
  6. "SAcquisition of Eneco by consortium of Mitsubishi Corporation and Chubu Electri Power completed". Eneco. 2020-03-25. Retrieved 2020-04-03.

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