Announced
Completed
Financials
Tags
Alternative Fuels
Cross Border
Single Bidder
Electrical power generation
Acquisition
Friendly
Private
Sweden
Majority
Completed
Private Equity
Synopsis
Downing Renewables & Infrastructure Trust, a renewable energy investing company, completed the acquisition of hydropower operations of Fortum, a Finnish state-owned energy company, for €65m ($78m). "Hydropower is a key energy source in the drive towards 100% renewable energy in Sweden by 2040 and is a key sector focus for DORE. The sector provides predictable long-term cash flows from assets that have much longer lives than other renewable energy technologies such as wind and solar," Downing Renewables & Infrastructure Trust.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.