KfW IPEX-Bank supports heat transition in Berlin
Germany, June 26 -- KfW IPEX-Bank is participating in a leading role with EUR 200 million in a syndicated financing for BEW Berliner Energie und Warme GmbH, under which a total of nine banks are providing the heating and energy utility with around EUR 1 billion.The funds are intended, in particular, to facilitate the phase-out of hard coal by financing state-of-the-art generation assets, including combined heat and power plants and large-scale heat pumps, as well as the expansion and modernisation of the largest district heating network in Western Europe.The financing thus supports BEW's transformation plan, which aims to make the capital's district heating supply climate-neutral from 2045 onwards.The syndicated financing uses the low-inter...
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