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Downtown district energy system sold to community energy innovator

By District Energy posted 06-28-2022 16:52

  

City of Guelph

Summary

Guelph Municipal Holdings Inc. (GMHI) has sold the downtown district energy (DE) system to Cascara Energy.

“Finding an operator who wants to expand and invest in the district energy system is the best outcome we could hope for,” notes GMHI chief executive officer, Scott Stewart. “Cascara has been operating the district energy system for over a year and has improved service delivery for customers which tells us we’ve sold this asset to the right people.”

The downtown DE system provides heating and cooling to the Sleeman Centre and River Mill Condominiums.

“Transitioning from operator to owner was our vision, and we are thrilled to see this vision become a reality,” shares Robert Croghan, Cascara’s chief executive officer. “We look forward to continuing to provide excellent service and grow our customer base in an effort to support the City with its decarbonization objectives.

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