AIP Management's ESG Report for 2021 is now published! With the annual ESG report, AIP management is proud to make public its progress and transparency on ESG matters and initiatives. During 2021, the EU Sustainable Finance Disclosure Regulation came in force (SFDR). AIP welcomes the…
AIP PROVIDES MERCHANT FINANCING TO A LARGE-SCALE ONSHORE WIND PROJECT IN FINLAND
AIP Management, on behalf of AIP Infrastructure II, is pleased to announce a EUR 135m financing of the Matkussaari wind farm, a 148.5 MW onshore wind project in Finland, with an instrument designed to finance fully merchant projects on a long-term basis.
“We are very pleased to be making this first investment in the Finnish market in partnership with an experienced developer and operator, such as VALOREM. Finland is an attractive market for our flexible financing instrument supported by the low country risk profile, strong power market fundamentals and the ability to build renewable projects at scale on a subsidy-free basis.” said Kasper Hansen, Managing Partner of AIP.
VALOREM, a French independent power producer, established in 1994, is the project developer, 100% equity owner and project manager during both construction and operations. The project is at a construction-ready stage with a tier-1 turbine supplier who are also providing a long-term O&M agreement.
The wind farm will have a total expected production of c. 460 GWh per year which will produce enough electricity to supply the equivalent of around 106,000 Danish households and will offset the equivalent of 34,000 tonnes of carbon dioxide during each year of operation. Construction is expected to start in April 2022 with the project expected to reach commercial operation in January 2025.
ABOUT AIP MANAGEMENT
AIP Management is a Danish investment manager dedicated to investing into energy and infrastructure assets in Europe and the US. To date, AIP has invested more than EUR 4 billion primarily in assets that contribute to the green transition, including seven European offshore wind farms, five onshore wind farms in Europe and the US, and four large solar power plants in California and Texas. The existing investments deliver sustainable energy to cover the equivalent of over 2.2 million households’ consumption and save more than 3 million tonnes of CO2 on an annual basis. For more information, please visit www.aipmanagement.dk.
The VALOREM group is an independent French operator in the field of green energy. It masters the entire process of renewable energy development, from development to operation and maintenance, including project management, construction and auditing services. A pioneer in wind energy in France with more than 360 employees, VALOREM is also present in the French West Indies, Colombia, Finland and Greece. The group manages more than 550 MW in production and has a portfolio of more than 5 GW of in-development projects.
VALOREM is certified ISO 9001 – quality, ISO 14001 – environment, and ISO 45001 – health and safety at work. More information on: www.valorem-energie.com