Gemeente Heerlen sells its subsidiary Mijnwater to Limburgs Energie Fonds

Boer & Croon Corporate Finance advised the Gemeente (municipality) Heerlen on the sale of its subsidiary Mijnwater. Gemeente Heerlen has sold 100% of the shares to Limburgs Energie Fonds. Mijnwater is the first innovative heating business in the Netherlands that utilises geothermal heat and cold by extracting energy from heated earth water in flooded mine galleries. The original mine water only serves as a buffer in the system of heat and cold storage.

The company has already realised a smart heat and cold grid in Heerlen, where renowned companies are supplied with renewable energy including APG, CBS and Rabobank.