Dalkia to acquire the 3rd largest District Heating Network in The Netherlands
January 14, 2014
Dalkia and Dutch pension fund service provider PGGM recently finalized the acquisition of the 3rd largest District Heating Network in The Netherlands from RWE AG / Essent.
The portfolio of assets (ELES – Essent Local Energy Solutions) comprises 64 heating networks all over the country, spanning 1,950 kilometers, along with a number of RWE Generation Nederland’s medium-size units and services. The networks serve more than 62,800 households and 1,240 business customers. ELES posted 2012 revenue of €135 million. The business will be owned by PGGM (80%), the country’s second-biggest pension fund service provider, and Dalkia (20%).
The new networks supplement Dalkia’s line of services in the Netherlands, which traditionally has included industrial utility management and energy services for buildings.