The Marguerite II, a pan-European infrastructure fund has acquired 100% stake in Red de Calor de Cuenca (RCC), a project company that will build, commercialize and operate a greenfield heating network in the city of Cuenca in the Castilla La Mancha region in Spain.

RCC is a special-purpose company set up by Recursos de la Biomasa, S.L. (Rebi) to develop and implement the Cuenca project. The project includes a biomass-fired thermal plant with a capacity of 28 MW and a thermosolar plant. the plants will deliver up to 100 GWh of heat annually to approximately 7,500 local households and public buildings through a system of pipes spanning 26 km under the city streets. 

Rebi will be responsible for the project’s delivery under a turnkey EPC contract and will also carry out the operation, maintenance, and technical and commercial management of the asset.