A milestone for the energy transition and a strong sign for our strategic infrastructure consulting: Drees & Sommer supported the acquisition of Uniper Kraftwerke GmbH's district heating business by the Steag Iqony Group. The deal involved 750 kilometers of district heating pipelines and five generation sites.
The merger creates one of Europe's largest district heating networks in the Ruhr region. To prepare for this step, the zero-carbon experts analyzed the previous operator's facilities, focusing on their technical and economic condition and investment requirements. The future viability of the infrastructure and its decarbonization potential were particularly important.
Drees & Sommer services at a glance
As part of the technical due diligence, the interdisciplinary team evaluated the following topics:
- Plant condition, maintenance, and repair
- Network infrastructure and KPIs of all relevant assets
- CAPEX and OPEX planning
- Control technology and control centers with a focus on dispatch and system integration
- ESG and sustainability
Together with our partner PwC Germany, we also addressed the following points as part of the commercial due diligence:
- Sales development and price structures
- Purchasing (upstream chains) and heat supplies (producers and customers)
- Assumptions and fundamentals of the business case (including subsidies)