GETEC ENERGIE and EDF Trading establish joint venture
London/Hanover, 06.09.2021 - The joint venture named GETEC Sales & Trading GmbH will combine the expertise of the two partners GETEC ENERGIE GmbH and EDF Trading Ltd.
Based in Hanover, GETEC Sales & Trading will position itself on the German market as a dynamic and independent energy services company for GETEC’s growing customer base.
The joint venture was approved by the Cartel Office on April 22, 2021. GETEC ENERGIE holds 74.9% of the shares and EDF Trading 25.1%. GETEC ENERGIE brings to the joint venture its highly scalable and extensively automated platform for supply, settlement and provision of energy-related services. As the trading house of the French electricity group EDF, EDF Trading offers first-class trading access on the futures market and a wide range of products in wholesale power, natural gas, oil, LPG, environmental products and LNG.
"We are pleased to be able to offer our large industrial customers a range of products together with EDF Trading," said Bernward Peters, spokesman for the management of GETEC ENERGIE GmbH. "The new joint venture improves the framework conditions for all parties involved and we are looking forward to working with another strong partner," Peters explained further.
“As well as a wide range of trading products, we will also provide access to green solutions such as PPAs or carbon offsets”, says Philipp Büssenschütt, Chief Commercial Officer, EDF Trading.
GETEC ENERGIE GmbH supports large energy consumers, suppliers and producers in the efficient and sustainable procurement or marketing of energy. With its highly efficient B2B platform and its energy industry know-how, GETEC ENERGIE GmbH provides its customers with comprehensive solutions.
London-based EDF Trading Ltd. is a wholly owned subsidiary of Électricité de France SA. With assets and know-how across the entire energy supply chain, EDF Trading is one of the world's leading providers of wholesale energy traded products.
Press contact GETEC ENERGIE GmbH
Head of Corporate Communications
GETEC ENERGIE GmbH
Phone: +49 (0) 511 51949 - 278
Press contact EDF Trading Ltd.
Head of Communications
Phone: +44 (0) 20 7061 4232