Dalkia buys out Engie's stake in TIRU

Energy service provider Dalkia, a subsidiary of French power utility EDF (EPA:EDF), has completed the acquisition of the 25% stake of Engie (EPA:ENGI) in waste-to-energy company TIRU.

TIRU specialises in recovering energy and materials from household waste, providing electricity and steam for district heating networks and industrial sites.

In 2017, the company treated 3.13 million tones of waste at 37 thermal, biological and recovery units in France, UK and Canada.

Dalkia already had 75% in TIRU and now fully owns the company, it noted in a press release.

The deal is part of Dalkia's strategic commitment to fighting climate change.

"Cap Dalkia", the five-year corporate plan launched in September 2017, aims to strengthen that commitment by boosting the share of renewable and recovered energy sources in the Dalkia energy mix to 50% by 2022. The company's expertise in developing local renewable energy and energy efficiency solutions for companies and local authorities will be key to meeting that target.

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