Gimv and SRIW are to invest €40m in Belgian green energy supplier Lampiris. The company will use the capital to enhance its balance sheet and fund its ongoing growth, enabling it to achieve ambitions to become Belgium’s leading independent supplier of gas and green electricity.
With a market share of roughly 9 per cent in the gas market and 6.5 per cent in the electricity market, Lampiris is the third largest energy supplier in Belgium, but has posted the highest growth figures in the energy market every year since its launch in 2005.
Lampiris recorded a turnover of €695m in 2012, representing an 82 per cent increase on 2011. The number of subscribers increased by 55 per cent – to 655,034 – over the same period.
The company is now seeking fresh capital to fund this expansion and to enable it to capitalise rapidly on future opportunities in the energy market.