Scottish Construction News
Summary
As part of its continuous portfolio evaluation, Vattenfall will investigate future options for its district heating operations in the UK, Sweden and the Netherlands, including potential divestment. This process will also assess future ownership options for the electricity distribution business (IDNO) in the UK.
Vattenfall provides district heating to the equivalent of approximately 550,000 households in multiple European markets. It supplies both B2B and B2C customers in large metropolitan areas.
The firm’s Vattenfall Heat UK business formed a 50/50 joint venture with Midlothian Council in 2022 to deliver low-carbon heat to homes and businesses within the region.
Jenny Curtis, managing director of Vattenfall Heat UK, said: “District heating and electrification are fast-moving growth markets and are essential to help meet the UK’s net zero ambitions. There is a significant opportunity for investment in long term, regulated, sustainable infrastructure for the right owner.
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