Ardian / I Squared Capital: definitive agreement to acquire 100% of Irish energy utilities Energia Group

Acquiring 100% of Energia's stakes from I Squared Capital, a leading global infrastructure investor: that is the transaction announced by the private investment firm Ardian on 06/10/2025. The definitive agreement, still subject to customary regulatory approvals, is expected to be completed in Q1 2026.

Energia serves 900,000 homes and businesses across the Republic of Ireland and Northern Ireland. Founded in 1999, it is one of the longest established providers of renewable electricity in Ireland, supplying 17% of the island of Ireland’s total electricity requirements and 20% of its total wind power. Energia combines renewables, flexible generation, and customer solutions, and plans to developp new solar and BESS solutions. Energia, who has had several projects with Microsoft, has also entered into a strategic partnership with a global technology partner for the development of a 165MW data center in Dublin and its corresponding supply of renewable energy.

This acquisition is the first in Ireland for Ardian, and the investment company will leverage its expertise in essential…