Infranity, a leading infrastructure investor in clean energy, is pleased to announce its exclusive investment in the Midco financing of Coriance group, a prominent provider of urban heating and cooling networks in France, in the context of its takeover by Vauban Infrastructure Partners and Caisse des Dépôts et Consignation.
With a portfolio of 40 networks and a thermal production capacity exceeding 1.8 GW, Coriance is the 3rd largest player in the French market in constructing, developing, and operating district heating networks. Heat represents about one fourth of greenhouse gas emissions in France, and Coriance, with its distinctive reliance on renewable energies and recovered energy (RE&R), is a key contributor to the energy transition.
This latest investment squarely embodies our desire to finance innovative environmental initiatives in Europe that will lead us on the path to a net-zero society and reaffirms Infranity’s dedication towards the fight against climate change.
You can now read the full press release at the link below