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.
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.
Other investors in Dorothea include APG and the European Investment Bank, Mubadala said.
District heating networks are a common feature in many European cities. These are typically networks of hot water pipes running underneath buildings, many of which are now being powered by renewable energy sources as countries look to cut emissions.
Dorothea’s newly installed heating networks are expected to deliver over 2 million gigajoules (GJ) of sustainable heat by using clean-energy sources and are expected to help the Netherlands meet its target of generating all of its energy from clean sources.
The country aims to increase its energy share from renewable power sources to 100 per cent by 2050 from 7 per cent currently. Close to 7 million households in the Netherlands are expected to switch to CO2-free heating solutions to meet these objectives.
Mubadala to invest in Asperâs AED 2.1 billion Dorothea Investment Vehicle Tue 15th December 2020 | 06:30 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 15th Dec, 2020) 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 specialised 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.