RWE sells Dutch heating unit

RWE said it has agreed to sell the heat activities of Dutch unit Essent to Dutch pension fund service provider PGGM and Dalkia, which is owned by France’s Veolia Environnement and EDF.

Reuters reports that PGGM and Dalkia will also buy from RWE (FWB:à‚ RWE) Generation NL three combined heating and power stations in Helmond, Eindhoven and Enschede, all in the Netherlands.
RWE
“In a radically changing energy market, Essent no longer considers its heating activities to be one of the company’s core activities,” the German utility said in a statement on Friday, without disclosing financial details.

Dalkia and its partner, Dutch pension fund service provider PGGM, recently finalized the acquisition of the 3(rd) 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.

The new networks supplement Dalkia’s line of services in the Netherlands, which traditionally has included industrial utility management and energy services for buildings.

In the opinion of Hildagarde McCarville, CEO of Dalkia Netherlands, “With only 8% of the Dutch population getting their heat via a network, the acquisition is a superb starting point for Dalkia’s growth in the country.”

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