Capex Facilities for DEW21

HKCF acted as exclusive Debt Advisor to DEW21

HKCF Corporate Finance successfully advised Dortmunder Energie- und Wasserversorgung GmbH (DEW21) on securing a structured corporate financing package totalling approximately €60 million.

To ensure a sustainable and climate-friendly heat supply for the city of Dortmund, DEW21 plans to invest around €100 million by 2023 in a comprehensive renewal of its heating infrastructure and in a transformation of its heat feed-in strategy. As part of this initiative, the aging steam network will be replaced by a modern hot water network that significantly reduces thermal losses. Additionally, waste heat will be increasingly utilized, and decentralized feed-in systems will be established to ensure the reliability of heat supply.

As a majority municipally owned utility, DEW21 and its subsidiaries cover the full value chain of energy and water supply—including energy services and renewable energy generation. Beyond the modernization of the heating infrastructure, the borrowed funds will also be used to finance further investment projects in the electricity, gas, and water distribution networks.

The loans were secured through a structured competitive bidding process. They were tailored precisely to the specific needs of DEW21 and feature long loan tenures and fixed interest periods, optimized through the use of available public funding schemes.