Gren operates in Finland, Estonia, Latvia, Lithuania, and the UK, and has over 90 generation assets and around 630km of district heating networks. The company heats around 260,000 homes, offices, public buildings, hospitals, industries, and businesses, playing a key role as an energy partner to local communities. Gren’s portfolio has more than 1,200 MWth of heat capacity and 152 MWe of power capacity. The company's fuel mix is comprised of over 90% renewable and recycled fuels.
Thematic conviction
Growing demand for district heating is being driven by several transformative trends in Europe, including energy decarbonization, urbanizing populations, and market consolidation. Gren's sustainable energy services also reduce reliance on conventional fossil fuel power sources, thereby supporting decarbonization goals amongst commercial and industrial customers.
Business building
Partners Group's value creation plan seeks to transform Gren into a leading European green energy company, with district heating at its core. Partners Group is expanding Gren through organic growth of its customer base, targeted acquisitions in existing markets, new generation and distribution capacity build-out, and development of innovative clean solutions for industrial customers. Gren is also pursuing an international expansion strategy. Following several transactions in the Baltics, Gren entered the UK market with the acquisition of 11 waste and biomass-fueled assets in 2023.
