E.ON and German Pellets signed an SPA for the transfer of 100% of the shares in Langerlo NV.

On 14 August, E.ON and German Pellets signed an SPA for the transfer of 100% of the shares in Langerlo NV. Langerlo NV is the company owning the hard coal-fired electricity generation plant in Langerlo and holding the rights for the conversion into a 100% biomass fired plant. This is one of the biggest transactions on the Belgian energy market for this year.

The conversion project is also considered to be key for the Flemish region’s 2020 renewable targets.