PGGM and Dalkia acquire Essent Local Energy Solutions

PGGM and Dalkia take over the heat activities of Essent Local Energy Solutions (ELES). On 24 December, the parties involved signed the sales and purchase agreement.

In a radically changing energy market, Essent no longer considers its heating activities to be one of the company's core activities. In addition PGGM and Dalkia will also acquire from RWE Generation NL three combined heating and power stations in Helmond, Eindhoven and Enschede that are connected to the heat grids. With effect from 1 February 2014, ELES' activities and the power stations will form a new entity.

Nothing will change for ELES customers. In the future they will continue to receive a reliable heating supply, hot and cold tap water including the associated Service.

About Essent

Essent is the largest producer of renewable energy in The Netherlands and delivers electricity, gas and energy services to consumers and businesses. The company regards the Netherlands and Belgium as its home market. The company employs 3,600 people and has an annual turnover of 5.9 billion euros (2012). Essent is a part of the international RWE Group.

About PGGM

PGGM is a cooperative Dutch pension fund service provider. Institutional clients are offered: asset management, pension fund management, policy advice and management support. At the end of November 2013 PGGM has EUR 153,5 billion in assets under management. The PGGM cooperative has more than 620,000 members and is helping them to realize a valuable future. Either alone or together with strategic partners, PGGM develops innovative future provisions by linking together pension, care, housing and work.
www.pggm.nl

About Dalkia

A subsidiary of Veolia Environnement and Electricité de France (EDF). Dalkia, a global leader in energy services, provides innovative solutions to support the sustainable growth of cities and businesses. In an era of climate change, volatile energy prices and scarce resources, Dalkia offers customers its expertise in developing, constructing and operating greener and more economical energy solutions. With almost 50,000 employees in 35 countries, Dalkia reported managed revenue of €8.9 billion in 2012.
www.dalkia.com