German energy group Danpower invests in Estonia, citing good business climate
German energy company Danpower Group is acquiring a majority stake in SW Energia OÜ, one of Estonia’s leading district heating providers, says the official press-release. Danpower Group is a Potsdam-based energy company specializing in district heating and renewable energy solutions for municipalities, industries, and residential areas across Germany and now Estonia.
The deal, signed on January 27, awaits approval from the Estonian Competition Authority and aims to accelerate the transition to renewable energy in Estonia’s heating sector.
Read full announcement (external link)
Originally published on 5 Feb
Announcements are published as a service to readers. The sender is responsible for all content. Announcements for publication can be submitted to announcements@thehanseatic.com.
