Wednesday, 16 December, 2020 - 07:15 Asharq Al-Awsat
Mubadala, the Abu Dhabi-based sovereign investment company, announced Tuesday that it will be taking a significant stake into Asper Investment Management’s (Asper) Dorothea investment vehicle (Dorothea).
Dorothea is targeting to deploy more than AED 2.1 billion (€ 500 mn) into building a network of district heating services across the Netherlands.
Asper is Europe’s leading independent investment management firm specialized in sustainable real assets with investment vehicles dedicated to energy transition and a track record in district heating since 2014. Other investors in Dorothea include APG and the European Investment Bank.
Dorothea’s newly installed heating capacity is expected to deliver over 2 million GJ of sustainable heat by using clean-energy sources including a combination of geothermal, residual heat and sustainable, locally-sourced biomass. T
Abu Dhabi investment fund buys into district heating efforts in the Netherlands thinkgeoenergy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thinkgeoenergy.com Daily Mail and Mail on Sunday newspapers.
Dorothea aims to develop a pipeline of large-scale sustainable heating networks in the Netherlands
by Zainab Mansoor
December 15, 2020
Abu Dhabi-based Mubadala, will be buying a stake in Asper Investment Management’s (Asper) investment vehicle, it confirmed on December 15.
Dorothea investment vehicle (Dorothea) aims to deploy over Dhs2.1bn (€500m) to build a network of district heating services across the Netherlands. Dorothea’s newly installed heating capacity is expected to provide over 2 million Gigajoule (GJ) of sustainable heat by using clean-energy sources including a combination of geothermal, residual heat and sustainable biomass.
This complements the Netherlands’ efforts to increase renewable energy sources penetration from the current 7 per cent to 100 per cent by 2050. Over the next 30 years, 7 million households in the country will switch to CO2 free heating solutions to meet these goals.
Highlights
Mubadala, the Abu Dhabi-based sovereign investment company, today announced that it will be taking a significant stake into Asper Investment Managementâs (Asper) Dorothea investment vehicle (Dorothea).
Mubadala, the Abu Dhabi-based sovereign investment company, today announced that it will be taking a significant stake into Asper Investment Managementâs (Asper) Dorothea investment vehicle (Dorothea).
Dorothea is targeting to deploy more than AED 2.1 billion (⬠500 mn) into building a network of district heating services across the Netherlands. Asper is Europeâs leading independent investment management firm specialized in sustainable real assets with investment vehicles dedicated to energy transition and a track record in district heating since 2014. Other investors in Dorothea include APG and the European Investment Bank.
UAE Business: Mubadala to invest in Asper's $571m Dorothea investment vehicle gdnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gdnonline.com Daily Mail and Mail on Sunday newspapers.