Munich, Paris, Helsinki ‐ 02.10.2015 – GCG Renewable Energy Infrastructure Fund GmbH & Co. KG (“REIF I”), a fund advised by Munich-based Goodyields Capital GmbH, and Otso Infrastructure I Ky (“Otso”), a fund advised by Access Capital Partners, have acquired an operating wind park in Finland of 21.6 MW from Taaleritehdas Plc, one of the biggest wind power developers and operators in Finland. The transaction is the first of its kind in Finland.
The acquired wind park, consisting of 9 wind turbines, is in operation since September 2013 and was sold by Taaleritehdas Group under an exclusive sales process to the consortium advised by Goodyields Capital and Access Capital Partners.
Ralph Seraphim, Co-Founder and Managing Partner of Goodyields Capital says: “The acquisition is the second wind transaction in the Nordic market for REIF I, further diversifying the REIF I portfolio. The Goodyields led transaction is bringing together excellent parties with a strong interest in renewable energy infrastructure in Finland and paving the way for future wind energy transaction of Goodyields’ renewable energy infrastructure fund family in Finland and beyond.”
Aymeric Paul, Partner Infrastructure of Access Capital Partners stated: “We see Finland as an attractive market for private investments in infrastructure. The Finnish renewable energy market in particular benefits from sound dynamics with a progressive ramp-up of investment opportunities. With 2 years of operations, an attractive load factor and a good equity partner this investment combines several of the key features we are consistently targeting in the renewable energy space.”
The parties have agreed not to disclose the selling price. T3-Voima Oy, which is part of Taaleritehdas Group, will continue to operate the wind park on behalf of the new owners as technical and commercial manager pop over to this site. “We are looking forward to the partnership with T3-Voima Oyand are excited to have a dedicated and experienced partner in them driving park optimization and providing excellent relationship management,” adds Christian Auer, COO of Goodyields Capital. Goodyields will act as asset manager on behalf of both co-investors Otso and REIF I.