Announced
Completed
Financials
Sources
Tags
Friendly
Renewable Energy Equipment
Acquisition
Completed
Finland
wind parks
Majority
Private
Single Bidder
Cross Border
Private Equity
Synopsis
Credit Suisse Energy Infrastructure Partners, a direct energy infrastructure investor, completed the acquisition of an 80% stake in Nordic wind portfolio of Fortum, a Finnish state-owned energy company, for $278m. "We are strongly committed to our wind parks and developing wind power in the Nordics. Credit Suisse Energy Infrastructure Partners is a strong and experienced investor in wind power, especially in the Nordics. The transaction is in line with Fortum’s business model for capital recycling and it releases capital and enables us to continue to utilise Fortum’s key competencies to develop, construct, and operate wind power plants in the Nordics," Joonas Rauramo, Fortum Vice President, Wind.
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