Deals Counterparts

VAROPreem

company 1 Deal 1 Partner

Varo Energy is a leading European energy company focused on refining, storage, blending, and distribution of conventional fuels, while strategically transitioning towards sustainable energy solutions. The company is actively investing in biofuels, green hydrogen, and EV charging infrastructure to support Europe's energy transition and decarbonization goals.

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Founded 2012 1,000 employees Parent: The Carlyle Group, Vitol
Integrated Energy CompanyOperatorDeveloperInvestor

Strategic Overview

  • Committed to a 'H2 growth strategy' to become a leader in sustainable energy solutions.
  • Leveraging existing infrastructure and market presence to accelerate the energy transition.
  • Focus on organic growth and strategic acquisitions in biofuels, hydrogen, and e-mobility.

Deal Activity from Public Sources

Acquisition of a majority stake in Bio Energy Coevorden (BEC), a biogas producer.
Acquisition Biogas Netherlands November 2023 100 GWh with Bio Energy Coevorden (BEC)
Joint venture with Groupe E to develop and operate EV charging infrastructure.
Joint Venture EV Charging Switzerland October 2023 with Groupe E
Acquisition of a majority stake in Renewable Energy Hamburg (REH), a green hydrogen project developer.
Acquisition Green Hydrogen Germany June 2023 with Renewable Energy Hamburg (REH)
Acquisition of a majority stake in a large-scale biomethane production plant.
Acquisition Biogas Germany March 2023 100 GWh

Investment Focus

Technologies
Biomass1
Geography
Norway1

Key People

Dev Sanyal
CEO
Christian Kettlestring
CFO

Track Record

5
Deals Completed
12
Years Active
Notable projects: Heide Refinery (Germany), Cressier Refinery (Switzerland), Bio Energy Coevorden (Netherlands), Renewable Energy Hamburg (Germany)

Detailed Analysis

Technologies
BiofuelsGreen HydrogenBiogasEV ChargingOil & Gas RefiningOil & Gas StorageLogistics/Distribution
Sectors
Energy TransitionUtilitiesTransport
Geographies
SwitzerlandGermanyNetherlandsFranceBelgiumLuxembourgSpainAustriaCzech RepublicHungary
Deal Stage
BrownfieldGreenfield
Track VAROPreem