Elenia to sell its district heating wing

Elenia Oy, the parent company of the Elenia Group, has agreed to sell its district heating business, EleniaLämpö Oy (Elenia Heat).

Lämpö Oy will be sold to SL Capital Infrastructure II SCSP, DIF Infrastructure V Coöperatief U.A. and LPPI Infrastructure Investments LP, said Elenia in a press release.

Elenia Heat is the owner and operator of 16 local district heating networks across Finland with a total network length of almost 500 km serving 85,000 end-users.

The sale of Elenia Heat enables the Elenia Group to focus on the development of security of electricity distribution, smart grids and multifunctional services to its customers. In addition to network investment, the Elenia Group will also use proceeds from the sale to deleverage.