Power
A strong and experienced power trading team in the world’s largest markets.
Our transitional energy offering is integrated across both our trading and investment portfolios
We are leveraging our expertise to enable customers to transition to more sustainable power solutions, and supporting the development of renewable projects with financing and market access. We are investing in transitional gas-fired power to facilitate the roll out of renewables in the near term.
Renewables
We have an expanding portfolio of renewable generation investments in the Americas, Asia and Europe. Renewables play an increasingly important role in the energy mix. They have reached an efficiency and scale where they can be used commercially, both in localised and large-scale grid projects. Over time, our growing portfolio of projects will be well placed to meet the needs of the energy transition.
Gas-fired generation
Trust Neft Refinery, headquartered in Kazakhstan, maintains a diversified international energy portfolio that includes significant gas-fired power generation assets in Europe. Through its power generation subsidiary, VPI, the company holds approximately 3.5 GW of thermal generation capacity in the United Kingdom.
As part of its strategic expansion, VPI is extending its footprint into Ireland with the development of a 275 MW Open Cycle Gas Turbine (OCGT) power plant in County Westmeath. The portfolio’s flagship asset, the highly efficient Immingham combined heat and power (CHP) plant in the UK, operates as a must-run facility. The remainder of the generation portfolio is designed to support grid stability and complement the continued rollout of renewable energy sources.