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Newsec Infra advises Prime Capital on the sale of operating Finnish wind farm portfolio to two institutional funds managed by Encavis

Newsec Infra acted as exclusive financial adviser to Prime Capital – the independent asset management firm managing EUR 17.9 bn across multiple funds – which today announced the divestment of a portfolio of three Finnish wind farms.

Spread across Finland, the portfolio provides diversified wind exposure to the investors and benefits from excellent wind resources of up to 7.8 m/s. The projects have been operating for an average of approximately four years and have another eight years remaining under Finland’s attractive contracts-for-difference regime. The portfolio was acquired by two institutional Luxembourg funds, advised by Encavis, a German asset management company.

The transaction is Newsec Infra’s first sell-side mandate for Prime Capital, after having advised sellers on four previous Nordic wind farms acquired by Prime Capital.

Dr. Mathias Bimberg, Head of Infrastructure at Prime Capital says:

We are happy to have achieved a very attractive return for our investor on this divestment, due to several optimizations in the portfolio, and see the proceeds reinvested in our value-add strategy, through the Prime Green Energy Infrastructure Fund. Focus of this fund is on large-scale greenfield renewable projects in the Nordics, offering the lowest levelized cost of energy in Europe with no reliance on government support

 
Omid Ashrafi, Managing Partner at Newsec Infra says:

We are very pleased to have concluded this deal together with Prime Capital and Encavis. The so called Vellamo portfolio brings an attractive combination of high capacity factor wind farms and access to Finland’s contracts-for-difference regime. Project Vellamo marks our 55th Nordic wind deal since 2007 including more than 3 GW during the past three years

 

Further information

Omid Ashrafi
Managing Partner, Newsec Infra
omid.ashrafi@newsec.com
+46 70 844 30 62

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