The sale of Eneco can give the company a boost. An impulse to take advantage of opportunities in the short and the long term, both in the energy market and in the energy transition. This impulse will come from a group of investors who have an eye for financial and social returns. A group of investors who – from different perspectives – want to achieve the same: a greater contribution to the developments in which Eneco is already at the forefront
Eneco should therefore be sold to a party that uses Eneco’s sustainable DNA for financial value creation in the foreseeable future and social value creation in the long term.
Focus op financieel en maatschappelijk rendement
We are committed to value creation in the long term. A reasonable financial return in the short term creates space for investments with a long horizon, such as heat, storage and intelligence in systems. And it creates room for experiment, which is desperately needed to scale up and accelerate the energy transition. Just to keep us informed about this, third parties can also invest with us. This may be existing shareholders, corporate and private customers, but also impact investors or other socially or sustainably motivated investors.
They will invest with us in Eneco, because they want to familiarize themselves with the business philosophy of the energy company, the knowledge of the market and insight into the energy transition.
These days we have seen that new connections in the postal world must lead to peace and sustainability of this crucial social function. We also witnessed the purchase of Air France-KLM shares by the government. We have no opinion on such developments. But they gave them a background against which we take the liberty to adapt the structure for Eneco to the future. We create a sustainable shareholder with a strong interest in the company. That shareholder is a cooperative or foundation that sits on the table on behalf of a broad group of investors, driven by, in particular, impact and social returns. This group contributes to the future of Eneco and thus to its own share in the energy transition.
This means that investment decisions for Eneco are not dependent on strategists who have to weigh up or make investments in, for example, Germany, Sweden, France or the United Kingdom more profitable than in the countries where Eneco is active. But the company is managed by a group of investors working on the transition in the group’s home markets.
The new venture goes beyond the ‘safeguarding’ of Eneco’s current brand promise. It is not the continuation of the most sustainable of ‘the big three’, but rather the start of something new.
We are convinced that a successful future for Eneco is determined by the extent to which the broad playing field successfully cooperates with stakeholders. That is why we work from an open structure: every party that subscribes to the core values of our initiative and Eneco is welcome to join us. Also parties that have already expressed their interest in Eneco. This makes the use of a special purpose vehicle feasible and financially feasible.
The strength that is developed with this is considerable: the combined shareholders are more than investors. They are entrepreneurs, each with their own access to knowledge, expertise and networks.
Venture for transition
This venture for transition is based on Rebel, Operatie NL and the EPICo investment fund.
- Rebel is a Rotterdam investor, developer and consultant with a strong impact in the sustainable energy sector. An innovator with a sense of reality who likes to question the status quo. Rebel often gets large financiers and investors on board. Whether it concerns the Afsluitdijk, wind projects or energy funds.
- Operatie NL is a developer that delivers solutions that nobody wants, but everyone is waiting for. Feyenoord City is such a solution that was developed by Operation NL and is also widely used to connect public, social and private parties.
- EPICo is an investment fund, with its own portfolio under construction and solid links – formally and informally – to strategic and institutional investors. Rebel is one of the managers of EPICo.