Acquisitions and Disposals

We are a uniquely integrated energy company operating primarily in the UK and Ireland, focused on helping people live sustainably, simply and affordably while enabling the transition to a lower carbon future.

Since 2015, we have made the following acquisitions and disposals:

Strategic acquisitions and disposals

Date

Company

Acquisiton/Disposal

Jan 2021

Direct Energy

Disposal

Dec 2019  

Kings Lynn Power Station

Centrica sold its 382 MW King's Lynn combined cycle gas turbine power station to RWE Generation, consistent with Centrica's strategy to reposition from central to distributed generation. 

Disposal 

Sep 2019

Vista Solar

Centrica announced the acquisition of Vista Solar, a leading Californian solar engineering, procurement and construction company, to be integrated within Centrica Business Solutions. 

Acquisition

Jun 2019

SmartWatt

Centrica announced that it had purchased SmartWatt, a leading energy services and solutions company. The acquisition broadened the Group’s footprint in the U.S. and enhanced Centrica Business Solution’s capabilities to meet increasing customer demand for integrated energy solutions. 

Acquisition  

May 2019  

Clockwork

Centrica sold Clockwork, it’s North American franchise home services business, to Authority Brands, reflecting Centrica’s goal to simplify channels to customers.

Disposal

Nov 2017  

REstore

Centrica acquired REstore NV, Europe’s leading demand response aggregator, enabling demand response aggregation to become a core part of the offer to Centrica Business Solutions customers.

Acquisition

Jun 2017  

Langage and Humber Power Stations

Centrica acquired Neas Energy A/S, one of Europe’s leading providers of energy management and revenue optimisation services for decentralised third-party owned assets. The acquisition added further capabilities and geographical diversification to the Energy Marketing and Trading business. 

Disposal 

Jun 2017  

Canadian E&P assets

Centrica disposed of its 60% interest in The CQ Energy Canada Partnership, a Canadian exploration and production joint venture, in line with the strategic decision made in 2015 to focus its E&P activity on European assets.

Disposal

Jan 2017  

Lincs wind farm

Centrica disposed of its 50% interest in Lincs wind farm to the UK Green Investment Bank Financial Services managed entities and the UK Green Investment Bank plc. This completed Centrica’s exit from the ownership of wind power generation assets, consistent with Centrica's strategy to reposition from central to distributed generation. 

Disposal  

Nov 2016  

Trinidad and Tobago E&P assets

Centrica sold its portfolio of gas assets in Trinidad and Tobago to Shell Exploration and Production in line with the strategic decision made in 2015 to focus its E&P activity on European assets. 

Disposal  

Aug 2016

Flowgen

Centrica acquired FlowGem Limited, an early stage UK-based business developing unique and innovative technology to remotely detect water leaks. The acquisition further strengthened Centrica Home Solutions as a leading Internet of Things business.

Acquisition

May 2016

Ener-G-Cogen

Centrica acquired ENER-G Cogen International Limited, an established supplier and operator of combined heat and power solutions, to form part of Centrica Business Solutions.

Acquisition

Apr 2016

Neas

Centrica acquired Neas Energy A/S, one of Europe’s leading providers of energy management and revenue optimisation services for decentralised third-party owned assets. The acquisition added further capabilities and geographical diversification to the Energy Marketing and Trading business.

Acquisition

Feb 2016

GLID wind farms

Centrica and its 50% joint venture partner EIG Global Energy agreed a joint sale of the Glens of Foudland, Lynn and Inner Dowsing wind farms (‘GLID’) to a consortium, comprising the UK Green Investment Bank Offshore Wind Fund and funds managed by BlackRock. The sale was in line with Centrica’s strategy to dispose of its interests in wind power generation as it repositions from central to distributed generation, while continuing to purchase wind power.

Disposal