Press

Press Release

Prime Capital closes its third transaction in onshore wind in Finland

October 11, 2018

+++ In October 2018, Prime Capital’s investment team acquired project Posio, its third onshore wind acquisition in Finland +++

Frankfurt, 11. October 2018

The project is located in the municipalities of Posio and Kuusamo and consists of 7 Vestas V126 turbines with a capacity of 3.3 MW. The location benefits from an attractive average wind speed of 7.8 m/s.

The project will generate ca. 80 GWh of renewable electricity per annum, equivalent to the annual consumption of ca. 10,000 Finnish households. Following the acquisition, the turbines’ capacity will be increased to 3.45 MW. Prime Capital, who acquired the project on a full-equity basis, will be arranging debt financing. The project had been operating for 24 months and receives the Finnish feed-in-tariff (FiT) for a remaining period of 10 years, offering long-term predictability of cash flows.

Christian Topp, head of infrastructure at Prime Capital commented: “We are pleased to announce our third onshore wind transaction in Finland over the last 2 years, in a market we regard as very attractive due to the good wind resources and favourable investment environment. The transaction also marks our first collaboration in the Nordics with development partner OX2, who will also take over the operational management of the project.”

The transaction follows the acquisition of Project Tuuli in May, an operating wind park, also under the Finnish FiT.

About Prime Capital
—————————–
Prime Capital AG is an independent asset management firm and financial services provider, focusing on institutional clients. The company specializes in Alternative Investments, in particular in Absolute Return, Infrastructure Investments and Private Debt. The company also offers asset management outsourcing. Prime Capital was founded in 2006, currently employs more than 75 people in Frankfurt, Luxembourg and London and is regulated by BaFin, CSSF and FCA. As of March 2018, Prime Capital has approximately EUR 10.4 bn Assets under Management, managed and administered.

For further information, quotes or interview requests please contact:
Prime Capital AG
Andreas Kalusche, Vorstand
Tel: 0049 69 9686 984 36
andreas.kalusche@primecapital-ag.com

Back to press

Press Release —  February 28, 2025

• Fund of Hedge Funds achieved high net returns – independent of equity and credit market developments (beta 0.0)• Low volatility despite significant market fluctuations• Absolute Return division expands its total volume to USD 1.5 billion• Positive outlook for 2025, with continued investor demand for uncorrelated investment strategies• Prime Capital has been managing Absolute Return […]

Press Release —  February 13, 2025

Norsk e-Fuel, Prime Capital and RES have announced a collaboration to produce sustainable aviation fuel (SAF) in North Sweden. Located in the municipality of Ånge, “Project Alby” is planned to produce a minimum of 80,0000 tons of e-Fuel annually and marks Norsk e-Fuel’s expansion into Sweden. Under the lead of Norsk e-Fuel and Prime Capital, […]

Press Release —  October 28, 2024

Prime Capital AG, the alternative asset specialist with a focus on Continental Europe that has EUR 4.3bn Assets under Management as well as EUR 8.4bn Assets under Administration across different asset classes, proudly announces the successful first closing of its Prime Real Estate European Debt Fund in the high double-digit million EUR-range. The Prime Real […]

Press Release —  October 17, 2024

Prime Capital AG, the alternative asset specialist, with a focus on Continental Europe that has EUR 4.3bn Assets under Management as well as EUR 8.4bn Assets under Administration across different asset classes, announces the 3rd  closing of its Prime Green Energy Infrastructure Fund II (“PGEIF II or “Fund”). This Fund continues the strategy of its […]