A consortium consisting of Vauban Infrastructure Partners and Caisse de dépôt et placement du Québec (CDPQ) has entered into exclusive negotiations with Igneo Infrastructure Partners to acquire the entire capital of energy company Coriance.
Coriance, which is owned by Igneo, builds, develops and operates district heating and cooling networks supplied locally and mainly by renewable energies (geothermal and biomass) and recovery (EnR&R). With more than 40 networks in France and a thermal production capacity of more than 1.8 gigawatts, Coriance supplies heat to the equivalent of around 225,000 homes in France.
Coriance is the most advanced player on the market in terms of the use of renewables, which represented nearly 70 percent of its energy mix in 2022.
“For Caisse des Dépôts, investing in Coriance, a major player in heating and cooling networks in France, would be fully in line with its strategic axes: accelerating ecological transformation and supp
