Brussels, January 2024
On 15 June 2023, VARO Energy and Renewable Energy Services announced that VARO will acquire 100% of the share capital of RES, one of Europe’s leading biogas trading companies, and a member of ERGaR.
VARO Energy is the partner of choice for customers in the energy transition by providing the sustainable and reliable energy solutions that they need to decarbonise.
Their sustainable energies solutions business include biofuels, biogas, green hydrogen, e-mobility, and nature-based carbon removals.
VARO plans to invest around $3.5 billion over the 2022-26 period, with two-third committed to sustainable energies. The company has a net zero target for scope 1, 2 and 3 by 2040.
VARO Energy’s biomethane and bioLNG activities span across the entire value chain, including offtake from producers through BPAs, own production, trading and delivery to corporate customers enabling them to choose different carbon intensities, mixtures and certifications that combined demonstrate the sustainability contributions made.