Münchenstein, 5 November 2024: Primeo Energie is extending and deepening its collaboration with Clean Energy Infrastructure Switzerland 3 (CEIS 3) in the heating segment. The capital of this investment solution for institutional investors, managed by Swiss Life Asset Managers and UBS, supports the consistent implementation of the heat transformation as part of the Energy Strategy 2050.
Since 2013, the CEIS 3 investment solution and its predecessor funds have held a 28.75 percent stake in Primeo Wärmeholding AG, the heating segment of Primeo Energie. The existing shareholder agreement has been extended. The shareholders plan to significantly strengthen the equity base of Primeo Wärmeholding in the coming years with the aim of realising heat transformation projects. The ownership structure remains unchanged.
Cédric Christmann, CEO of Primeo Energie, comments: ‘By joining forces with Swiss Life Asset Managers and UBS, we have laid a strong foundation for heat transformation. This long-term partnership will enable us to expand our investments in the decarbonisation of heat supply, energy-efficient solutions and industrial contracting in a targeted manner.’
Beat Huber, Head Infrastructure Equity Switzerland, Swiss Life Asset Managers, adds: ‘We are pleased to continue our trusted partnership with Primeo Energie. Primeo Wärmeholding's strategy is in line with the strategy of our fund and with the decarbonisation of the energy sector. These investments offer our investors access to a significant, well-diversified and managed heating portfolio.’
With a broad investor network and many years of experience in the heating sector, Swiss Life Asset Managers will contribute to the growth of the heating business in Switzerland with the CEIS 3 fund it manages. The financial support of the fund should enable Primeo Energie's heating business to become capital market-ready by 2030, enabling independent growth and other financing options on the capital market.
The CEIS 3 fund is a joint initiative of Swiss Life Asset Managers and UBS Asset Management. It invests primarily in Swiss companies with a focus on renewable energies, energy efficiency, energy infrastructure, circular economy and decarbonisation. The fund is therefore an ideal fit with the strategy of Primeo Wärmegruppe. The group aims to decarbonise the heating supply as much as possible, i.e. to switch from fossil fuels such as oil and gas to renewable sources such as wood, environmental or waste heat. One example of this is the new Birstal heating network in the canton of Baselland. Its energy centre in Arlesheim will use the waste heat from the data centres of the uptownBasel innovation campus. By 2030, Primeo Energie aims to increase the share of renewable heating energy to more than 65 per cent overall.
