Dealmakerz
Summary
Waterfall and America’s leading energy service company Amaresco have been selected as partners in the city of Bristol’s long-term plan to significantly reduce carbon dioxide emissions in the city. The plan, called City Leap, includes multi-billion investments in Waterfall and the right to run Bristol’s district heat during the 20-year offer.
Under the new offer agreement, Vattenfall will receive the district heating networks already built by the City of Bristol, and will create new district heating networks that will eventually provide heat equivalent to approximately 90,000 homes. Vattenfall expects SEK to invest more than $ 2.4 billion in the first five years to provide equivalent district heating to 25,000 homes.
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