EIB makes €30m investment in Dutch district heating projects
The European Investment Bank and Asper Investment Management have signed an investment agreement worth €30 million in relation to four district heating projects in the Netherlands.
The deal will enable the EIB to consider additional investments into new district heating projects in the Netherlands up to €70 million. The EIB financing supports an equity investment vehicle called Dorothea that will build a diversified portfolio of projects in various Dutch municipalities.
Dorothea’s first four projects, supported by the first EIB tranche of €30 million, are located in Ede and three other rapidly growing municipalities. They will contribute to the decarbonisation of the Netherlands’ heating sector by using a combination of geothermal, residual heat and sustainable, locally-sourced biomass.
They include the construction of new district heating networks and the refurbishment of existing infrastructure. In total, the newly installed heating capacity is expected to deliver over 2 million GJ of sustainable heat.
