Viaro Energy to acquire Evoterra’s wind and oil assets in UK and Germany

Viaro Energy has signed a sales and purchase agreement to acquire 100% of integrated transition energy firm Evoterra’s assets, including its wind turbine fleet and oil and gas exploration licences in the UK and Germany. 

The deal marks Viaro’s entry into the German renewable energy market and is expected to close in 2025.

The acquisition includes MicroEnergy Generation Services’ wind turbine fleet in East Anglia and Terrain Energy’s onshore oil and gas interests. Viaro will also gain stakes in four UK onshore oil licences, including Whisby, Duke’s Wood, Brockham, and Lidsey, and explore geothermal potential at Duke’s Wood.

In Germany, Viaro will acquire the Mullheite commercial licence in the Molasse basin, where it plans to drill a well based on 3D seismic survey data. The portfolio also includes 138 wind turbines generating 0.5 GWh of clean energy annually.

Viaro also sees great potential in the German market, focusing on energy security and emission reduction technologies.

Viaro Energy’s recent activities also include a memorandum of understanding with Terrestrial Energy to develop the Integral Molten Salt Reactor (IMSR) nuclear project in the UK.