A Swiss investment foundation has purchased a 24MW functioning wind farm from Prime Capital in the southwest of Sweden.
The wind farm produces enough electricity each year to power 22,500 houses in Europe.
The sale was the last asset Prime Capital owned in a managed account with a focus on the Nordic region and was a part of its exit plan after seeing the asset through construction and the first few years of operation.
Aquila Capital assisted the buyer, while Newsec Infra served as Prime Capital’s sole financial advisor for the transaction.
Head of Infrastructure at Prime Capital, Dr. Mathias Bimberg, said “We are happy to have achieved an attractive return for our investor on this divestment, as well as the whole portfolio, due to several optimisations undertaken, and to see the proceeds reinvested in our commingled 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 levelised cost of energy in Europe with no reliance on government support. We would like to thank Newsec Infra for their high-quality support throughout the process.”
Managing Partner at Newsec Infra, Omid Ashrafi, said “We are very pleased to again get the vote of confidence to support Prime Capital on a sell-side process. This transaction marks our 70th Nordic renewable energy deal since 2007, of which 13 deals were closed in 2021-2022 YTD at a value north of €3bn.”
“We are proud to continue pushing investments in the energy transition and see new investors entering the Nordic wind market.”
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