SDCL Energy Efficiency Income Trust (SEEIT) has agreed to pay £100 million ($129 million) to acquire a 100 percent interest in Vartan Gas Stockholm AB (VGSAB), the owner of the established, operational and regulated gas distribution network for Stockholm, Sweden.
The VGSAB group owns and operates Stockholm’s regulated gas grid, 70 percent of which is sourced from locally produced biogas. The group supplies and distributes to more than 58,000 residential, commercial, industrial, transportation and real estate customers in Stockholm.
It is an essential infrastructure service that helps to reduce pollution and greenhouse-gas emissions by reducing and reusing waste gases both at the point of production — for example at municipal wastewater treatment plants — and at the point of use, through the displacement of natural gas in buildings and diesel in transport.
SEEIT intends to work toward increasing the proportion of green gas in the network to 100 percent, ov
