Belgian independent infrastructure group and Energy Infrastructure Partners (EIP) portfolio company Fluxys has reached an agreement to invest in Elia Group alongside its lead shareholder Publi-T.
Elia owns Elia Transmission Belgium, the country’s national power grid, and 50Hertz, one of Germany’s four TSOs.
It also operates an electrical link connecting Britain and Belgium and develops projects in the US.
Enabled by the close partnership between Fluxys and Elia’s leading shareholders, Publigas and Publi-T, holding companies representing the interest of Belgian municipalities in the gas and electrical transmission industries, as well as EIP, the investment will take place through an increase in Elia’s share capital.
The new funds will support Elia’s investment plans to further develop its asset base, especially the power grids it operates.
Building on its portfolio of gas transmission, storage and terminal assets, the investment positions Fluxys, an EIP partner since 2016 and portfolio company since 2023, as part of a diversified transmission platform for both molecules and electrons, it said.
“Together Elia and Fluxys will seek to intensify the coordination of power and gas markets to ensure that Belgium and Germany preserve their industrial competitiveness and leadership as European energy hubs,” added the company.