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Basalt Infrastructure Partners and DCO Energy to Acquire Detroit Renewable Energy

Detroit Renewable Energy via Businesswire 21:35 GMT Friday 21st July 2017

Basalt Infrastructure Partners II LP (“Basalt”) and its consortium partner, DCO Energy (“DCO”), today announced that they have entered into a definitive agreement to acquire Detroit Renewable Energy LLC (“DRE”). The proposed transaction will benefit DRE’s employees, customers and the broader Detroit community. Terms were not disclosed. Created in 2010, Detroit Renewable Energy is an integrated renewable energy system comprised of Detroit Thermal, Detroit Renewable Power and Hamtramck Energy Services. Together, these companies provide the City of Detroit with safe, reliable and cost-effective solutions for clean energy and waste disposal. Detroit Thermal, the City of Detroit’s underground district energy steam system, has reliably heated some of Detroit’s landmark buildings and businesses for more than 100 years. “Detroit Renewable Energy has played a key role in Detroit

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