Dentons advises Engie on the acquisition of a leading developer of Biomass-Powered District Heating Network Projects

Dentons has advised Engie, a global leader in low-carbon energy and services, on its strategic acquisition of District Heating Eco Energías, a leading developer of biomass-powered district heating network projects in Spain. This landmark transaction strengthens Engie’s position as a market leader in urban heating and cooling networks, underscoring its commitment to sustainable and efficient energy solutions.

District Heating Eco Energías specializes in the development and management of district heating networks powered by biomass and other renewable energy sources. The company holds a robust portfolio of projects demonstrating significant capacity to reduce greenhouse gas emissions. This acquisition not only enhances Engie’s footprint in Spain but also solidifies its pipeline of projects to support future growth in the sector.

“We are proud to have supported Engie in this milestone transaction,” said Fermín Garbayo. “This acquisition reflects Engie’s strategic vision for sustainable energy networks and highlights Dentons’ ability to deliver innovative legal solutions in a rapidly evolving energy landscape.”

The transaction involved navigating regulatory, contractual, and environmental considerations, showcasing Dentons’ expertise in the energy and infrastructure sectors.

The Dentons team advising Engie was led by partner Fermín Garbayo, head of the firm’s M&A Energy practice, with the collaboration of associates Carlota Sepó, Manuel Lamela. and support by a multidisciplinary team from Dentons Madrid including Regulatory partner Javier Moya, and corporate partners Jesús Durán and Nieves Briz.