Emendo assists AEB in acquisition of BPA
AMSTERDAM, February, 2018 – Emendo has assisted AEB, the waste incineration company of the municipality of Amsterdam, with the financial modeling and valuation of Biomass Powerplant Amsterdam (“BPA”). In December 2018 it was announced that AEB has secured funding and will start building the biomass plant.
AEB is a sustainable raw materials and energy company located in the Amsterdam Metropolitan Area. AEB became an independent entity in 2014, with the City of Amsterdam being its only shareholder. AEB’s team of 400 employees is dedicated every day to making the Netherlands a cleaner place. Of the 1.4 million tonnes of waste processed annually by AEB, 99% is converted into raw materials and energy. AEB uses the heat released during the incineration of the remaining waste to generate electricity for 320,000 households and in order to heat homes through a growing district heating network.
For additional information on AEB, visit aebamsterdam.nl.