Equans has sold its UK district heating and cooling networks to a consortium of Swiss Life Asset Managers and Schroders Greencoat LLP, marking a strategic realignment towards renewable energy solutions.
Target Overview
Equans has successfully concluded the sale of its UK district heating and cooling networks to a consortium comprised of Swiss Life Asset Managers and Schroders Greencoat LLP. This transaction, finalized on December 31, 2023, represents a strategic move in Equans' portfolio management and realignment towards core business areas, particularly in energy solutions.
The UK district heating network operates as an essential component in providing efficient energy solutions for urban environments. It integrates cutting-edge technology to ensure reliable heating and cooling services while contributing to carbon reduction initiatives. This infrastructure enables significant energy savings and positions users toward sustainable energy practices.
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Industry Overview
The district heating market in the United Kingdom has experienced notable growth, driven by increasing demand for energy-efficient and environmentally friendly solutions. The UK's commitment to reducing greenhouse gas emissions aligns with the exp
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Swiss Life Asset Managers and Schroders Greencoat LLP
invested in
Equans' UK district heating and cooling networks
in 2023
in a Corporate VC deal