Germany, May 13 -- KfW IPEX-Bank is contributing EUR 100 million to a financing for BEW Berliner Energie und Warme GmbH, in which eight banks are providing the company with a total of EUR 1 billion. The financing secures the company's capital requirements until at least the end of March 2027 and strengthens the basis for the long-term heating transition in Berlin. BEW, operator of the largest district heating system in Western Europe and the capital's central heating supplier, has thus successfully completed the first financing round following its sale by Vattenfall to the state of Berlin. The company plans to completely phase out coal combustion by 2030 and rely on a combination of industrial waste heat, natural gas, power-to-heat, large h...