Harnessing the Worth of Water
May 13, 2021 Photo: Winston Ross Cows waiting to be milked at Threemile Canyon Farms near Boardman
A new Portland company sees opportunity in recycling wastewater, as drought and water scarcity present looming social and economic challenges.
For several years, Ben Vitale helped companies monetize their reductions in greenhouse-gas emissions when he worked at the Climate Trust. As president of the Portland carbon asset manager between 2009 and 2013, he managed a $20 million portfolio of carbon-emission reduction projects.
He has now turned his hand to helping companies reduce consumption of a natural resource that is becoming scarcer as the climate changes: water. His new company, Resilient Infrastructure Group, founded in 2019, provides private and public organizations with on-site treatment solutions
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Partners Group Buys District Heating Platform in Northern Europe from Fortum
Posted on 03/13/2021
Partners Group, on behalf of its clients, agreed to acquire one of the largest district heating platforms in the Baltics, from Finnish energy company Fortum Corporation. Fortum, which operates across Estonia, Latvia and Lithuania, has 74 generation assets, which generate heat capacity of 881 MW and power capacity of 130 MW across 387 kilometers of district heating networks. The District Heating Platform’s fuel is largely derived from renewable or recycled sources, mainly biomass.
The total consideration on a debt- and cash-free basis is 800 million euros. Fortum expects to record a tax exempt capital gain of approximately 240 million euros in the City Solutions segment’s second-quarter 2021 results. The transaction is subject to customary closing conditions and is expected to be completed in the second quarter of 2021.
Resilient Infrastructure Group Acquired By Partners Group
Investment will accelerate growth of Resilient’s diversified, multi-industry water platform for private and public sector clients looking to solve site-specific treatment needs
Resilient Infrastructure Group, a recognized leader in water as a service and focused on acquiring, developing and managing a portfolio of wastewater, water and related infrastructure assets in the U.S. and Canada, is pleased to announce its acquisition by Partners Group, a leading global private markets firm, on behalf of its clients. The acquisition will allow Resilient to continue building a diversified, multi-industry water platform operating in the multibillion-dollar distributed water and wastewater sectors, including wastewater treatment and reuse infrastructure, wastewater-to-renewable natural gas facilities and potable water infrastructure.