Connection

popular articles

AMEA Power finalizes financing for solar project in South Africa
Drought in the Amazon forces Brazil to import energy
Iberdrola transfers its retail customers to Ekwater
Deep Wind Offshore wins major offshore wind project in Estonia
France: The retail sector opposes mandatory photovoltaic canopies

Prime Capital Invests in the Nordic Market

Prime Capital AG, the asset manager, acquires renewable energy projects in Finland and Sweden.

Please share:

Prime Capital AG, the asset manager, acquires renewable energy projects in Finland and Sweden. The company is also establishing a joint venture to operate a renewable hydrogen plant in Finland. In addition, the company received the “Green Fund of the Year 2022” award.

A joint venture in Finland

Prime Capital AG, announces two significant transactions on behalf of its Prime Green Energy Infrastructure Fund (“PGEIF”). The first is a joint venture with CPC Finland, a wind energy company. This project aims to develop a large green Power-to-X (PtX) plant in Kristinestad, Finland.

The concept of PtX, which is not yet widespread, could replace fossil fuels. It aims to convert excess renewable electricity that cannot be stored. Thus, wind energy (Power) is converted into renewable hydrogen (X) by electrolysis.

The objective is to store the energy for later use. Among its uses, we find the production of synthetic fuels based on hydrogen by adding CO2. In addition, electricity from a 600 MW renewable energy portfolio of CPC Finland will supply the PtX plant.

Three wind farms in Sweden

Prime Capital AG also signed an agreement to acquire three wind farms. Signed with RES, the world leader in renewable energy, they will have a total capacity of 290 MW. The transaction is expected to close in the fourth quarter of this year.

These parks will bring nearly 1 TWh per year of green energy to the region and the European market. A portion of the green electricity will be used to power a green PtX project in the region. According to Mathias Bimberg, these projects seem to be part of a real corporate strategy:

“With our well-established presence in these markets, we have strong potential to become a relevant player in this new wave of the European energy transition market.”

Prime Capital has been one of the largest investors in the Nordic wind market in recent years. The company also offers access solutions as well as consulting and investment solutions. In addition, the company currently employs about 120 people in Frankfurt and Luxembourg.

 

 

 

Register free of charge for uninterrupted access.

Publicite

Latest news

France: The VALOREM and Banque des Territoires Partnership: An Ambitious Energy Platform for 2027
PG&E secures a $15 billion loan to modernize California’s energy grid
Toward a Reassessment of Oregon’s Hydropower Dams: A Model to Rethink
Record Capacity for Central-West Orana REZ: 7.7 GW Approved
A U.S. Steel Giant Orders Two PEM Electrolysers from Nel ASA for $7 Million

Recently published in

France: The VALOREM and Banque des Territoires Partnership: An Ambitious Energy Platform for 2027

Groupe VALOREM and Banque des Territoires strengthen their collaboration within the "Calypso" platform, aiming for 500 MW of solar and wind energy production by 2027, following the transfer of a new portfolio of assets.
Record Capacity for Central-West Orana REZ: 7.7 GW Approved
Australia announces a significant increase in connection capacity in the Central-West Orana Renewable Energy Zone (REZ), raising the authorized capacity for wind, solar, and storage projects to 7.7 GW.
en_11401349540
Record Capacity for Central-West Orana REZ: 7.7 GW Approved
Australia announces a significant increase in connection capacity in the Central-West Orana Renewable Energy Zone (REZ), raising the authorized capacity for wind, solar, and storage projects to 7.7 GW.
en_11401349540
Ørsted faces €1.6 billion impairment, impacted by its U.S. offshore projects
Danish giant Ørsted announces a €1.6 billion loss, affected by high-interest rates and delays in its U.S. offshore wind projects.
en_11401358540
Ørsted faces €1.6 billion impairment, impacted by its U.S. offshore projects
Danish giant Ørsted announces a €1.6 billion loss, affected by high-interest rates and delays in its U.S. offshore wind projects.
en_11401358540
Envision Energy powers a 1.1 GW wind project in Egypt
Envision Energy partners with ACWA Power on a 1.1 GW wind farm in the Gulf of Suez, marking a major milestone for renewable energy in Egypt and the MENA region.
en_11401361540
Envision Energy powers a 1.1 GW wind project in Egypt
Envision Energy partners with ACWA Power on a 1.1 GW wind farm in the Gulf of Suez, marking a major milestone for renewable energy in Egypt and the MENA region.
en_11401361540

Wind energy stocks plunge after Trump signs moratorium

Donald Trump’s moratorium on wind energy projects in the United States has sent shockwaves through financial markets, with European leaders in the sector suffering sharp losses.
BOEM validates the SouthCoast project: a milestone for American offshore wind
The approval of the SouthCoast project by BOEM marks a strategic step in the development of offshore wind energy in the United States, with a potential capacity of 2.4 GW and significant economic and political implications.
en_11401332540
BOEM validates the SouthCoast project: a milestone for American offshore wind
The approval of the SouthCoast project by BOEM marks a strategic step in the development of offshore wind energy in the United States, with a potential capacity of 2.4 GW and significant economic and political implications.
en_11401332540
A Strategic Project by Envision Energy in Kazakhstan: Economic and Political Stakes
Envision Energy invests $40 million in a wind turbine and energy storage production plant in Kazakhstan, highlighting significant economic and political implications for Central Asia.
en_11401336540
A Strategic Project by Envision Energy in Kazakhstan: Economic and Political Stakes
Envision Energy invests $40 million in a wind turbine and energy storage production plant in Kazakhstan, highlighting significant economic and political implications for Central Asia.
en_11401336540
The United States Will Block 100,000 Wind Turbines Under Trump
Donald Trump, president-elect of the United States, plans to ban the construction of new wind turbines, criticizing costly subsidies and controversial environmental impacts, while the country already has nearly 100,000 turbines in operation.
en_11401286540
The United States Will Block 100,000 Wind Turbines Under Trump
Donald Trump, president-elect of the United States, plans to ban the construction of new wind turbines, criticizing costly subsidies and controversial environmental impacts, while the country already has nearly 100,000 turbines in operation.
en_11401286540

Norfolk Vanguard Projects: Aker Solutions and Siemens Energy Receive Full Authorization

The Aker Solutions-Siemens Energy consortium advances on Norfolk Vanguard West and East, strategic RWE projects for offshore wind infrastructure development in Europe.
Innergex delivers 320 MW of wind energy to PacifiCorp in the United States
Innergex announces the commissioning of its Boswell Springs wind farm, supplying 320 MW of electricity to PacifiCorp under a 30-year contract in the United States.
en_11401257540
Innergex delivers 320 MW of wind energy to PacifiCorp in the United States
Innergex announces the commissioning of its Boswell Springs wind farm, supplying 320 MW of electricity to PacifiCorp under a 30-year contract in the United States.
en_11401257540
Japan Receives 14 GE Vernova Wind Turbines to Reach 1.8 GW
GE Vernova will equip two wind farms in Aomori with 14 onshore turbines, supporting Japan's renewable energy goals.
en_11401227540
Japan Receives 14 GE Vernova Wind Turbines to Reach 1.8 GW
GE Vernova will equip two wind farms in Aomori with 14 onshore turbines, supporting Japan's renewable energy goals.
en_11401227540
India Approves Acquisition of 640 MW from Enel Green Power by Waaree Energies for 95 Million USD
Waaree Energies finalizes the purchase of Enel Green Power India for 95 million USD, adding 640 MW of solar and wind projects to its portfolio. A strategic transaction for the country’s energy transition.
en_11401232540
India Approves Acquisition of 640 MW from Enel Green Power by Waaree Energies for 95 Million USD
Waaree Energies finalizes the purchase of Enel Green Power India for 95 million USD, adding 640 MW of solar and wind projects to its portfolio. A strategic transaction for the country’s energy transition.
en_11401232540

India sees JSW Energy acquire 125 MW of wind assets for 76 million USD

JSW Neo Energy, a subsidiary of JSW Energy, finalizes the purchase of a 125 MW wind portfolio in India, valued at 76 million USD, strengthening its strategic position in renewable energy.
Engie Expands Its Wind Farm in Egypt: 650 MW for the Red Sea Wind Energy Project
Engie announces the extension of the "Red Sea Wind Energy" wind farm in Egypt, increasing its capacity to 650 MW. This initiative aims to support the country's renewable energy ambitions while consolidating Engie's role in Africa and the Middle East.
en_11401206540
Engie Expands Its Wind Farm in Egypt: 650 MW for the Red Sea Wind Energy Project
Engie announces the extension of the "Red Sea Wind Energy" wind farm in Egypt, increasing its capacity to 650 MW. This initiative aims to support the country's renewable energy ambitions while consolidating Engie's role in Africa and the Middle East.
en_11401206540
The United States Sees LS Power Acquiring 3,000 MW of Renewable Energy
LS Power strengthens its North American portfolio with the acquisition of 3,000 MW of renewable projects from Algonquin Power's division.
en_11401191540
The United States Sees LS Power Acquiring 3,000 MW of Renewable Energy
LS Power strengthens its North American portfolio with the acquisition of 3,000 MW of renewable projects from Algonquin Power's division.
en_11401191540
South Korea Launches 96 MW Offshore Wind Farm Led by CIP and SK Innovation
The Jeonnam 1 wind farm, with a capacity of 96 MW, marks a first for South Korea in privately-led offshore projects. By 2025, it will supply green electricity to 60,000 households, showcasing an innovative energy partnership model.
en_11401164540
South Korea Launches 96 MW Offshore Wind Farm Led by CIP and SK Innovation
The Jeonnam 1 wind farm, with a capacity of 96 MW, marks a first for South Korea in privately-led offshore projects. By 2025, it will supply green electricity to 60,000 households, showcasing an innovative energy partnership model.
en_11401164540

The Netherlands and the United Kingdom connected through a 2 GW wind project

The LionLink project, a hybrid interconnector developed by TenneT and NGV, will link the Dutch and UK electricity grids through the Nederwiek 3 offshore wind farm, ensuring 2-gigawatt capacity and strengthening energy security in Europe.
Texas faces electricity prices fluctuating from -$10 to $82 per MWh
Texas experiences dramatic electricity price fluctuations driven by record winds and a cold wave, disrupting energy networks and natural gas markets across the region.
en_11401159540
Texas faces electricity prices fluctuating from -$10 to $82 per MWh
Texas experiences dramatic electricity price fluctuations driven by record winds and a cold wave, disrupting energy networks and natural gas markets across the region.
en_11401159540
Egypt Secures Financing for 1.1 GW Wind Farm Project Led by ACWA Power and HAU Energy
The Suez Wind Farm, with a capacity of 1.1 GW, has reached a major milestone with $703.6 million in funding, marking a pivotal step in Egypt’s energy transition strategy and efforts toward energy independence.
en_11401160540
Egypt Secures Financing for 1.1 GW Wind Farm Project Led by ACWA Power and HAU Energy
The Suez Wind Farm, with a capacity of 1.1 GW, has reached a major milestone with $703.6 million in funding, marking a pivotal step in Egypt’s energy transition strategy and efforts toward energy independence.
en_11401160540
Canada: Nova Scotia Invests $224 Million in a Wind Farm with 13 Indigenous Partners
A wind farm project at Goose Harbour Lake secures $224.2 million to produce 168 MW of electricity, including participation from 13 Indigenous communities. This project supports Nova Scotia's energy transition and local economy.
en_11401155540
Canada: Nova Scotia Invests $224 Million in a Wind Farm with 13 Indigenous Partners
A wind farm project at Goose Harbour Lake secures $224.2 million to produce 168 MW of electricity, including participation from 13 Indigenous communities. This project supports Nova Scotia's energy transition and local economy.
en_11401155540

Empire Wind 1 secures $3 billion financing in the United States

The offshore wind project Empire Wind 1 by Equinor, located off the coast of New York, has secured $3 billion in financing. This key initiative is expected to supply electricity to 500,000 households by 2027, strengthening the United States' renewable energy position.
The United States Orders Enel to Dismantle a 150 MW Wind Farm
A U.S. court demands the removal of the Smokey Hills wind farm, located on Osage tribal lands, citing illegal operations and imposing a $300,000 fine.
en_11401092540
The United States Orders Enel to Dismantle a 150 MW Wind Farm
A U.S. court demands the removal of the Smokey Hills wind farm, located on Osage tribal lands, citing illegal operations and imposing a $300,000 fine.
en_11401092540
Italy, United States, and Africa Confirm 1342 MW in New Wind Energy Orders with Vestas
Vestas secures 1342 MW of wind energy orders across Europe, the United States, and Africa, driving renewable energy expansion globally.
en_11401104540
Italy, United States, and Africa Confirm 1342 MW in New Wind Energy Orders with Vestas
Vestas secures 1342 MW of wind energy orders across Europe, the United States, and Africa, driving renewable energy expansion globally.
en_11401104540
Kazakhstan improves energy production with 228 million kWh from Shelek Wind Farm
With 228 million kWh generated in 2024, the Shelek Wind Farm contributes to diversifying Kazakhstan's energy sources in the context of energy transition.
en_11401068540
Kazakhstan improves energy production with 228 million kWh from Shelek Wind Farm
With 228 million kWh generated in 2024, the Shelek Wind Farm contributes to diversifying Kazakhstan's energy sources in the context of energy transition.
en_11401068540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS