SUBSCRIBE
PROFILE

Prime Capital Invests in the Nordic Market

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

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

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.

 

 

 

  • Popular on energynews.pro
Brazil and China sign agreement on radioisotope supply
World Bank strengthens support for Ghana’s struggling energy sector
EDF commissions solar plant and smart grid in Maripasoula
Zhou Xinhuai leaves CNOOC
The United States keeps 50% duties if India buys Russian crude
FairWind acquires Cosmic Group to strengthen wind energy presence in Asia-Pacific
The acquisition of Cosmic Group by FairWind consolidates its position in Australia and marks a strategic expansion into New Zealand and Japan.
Vestas suspends wind turbine plant project in Poland amid market weakness
Danish manufacturer Vestas has paused construction of its planned facility in Poland, originally set for 2026, citing weaker-than-expected European offshore wind demand.
Equitix named preferred bidder for Scottish offshore transmission project
British operator Equitix has been selected to take over transmission assets of the Neart na Gaoithe offshore wind farm, a £450mn ($547mn) project awarded under Ofgem’s tenth tender round.
Energiequelle replaces five outdated wind turbines with three Nordex units in Minden
Energiequelle GmbH has launched replacement work for old turbines at its Minden-Hahlen site, aiming for long-term structural maintenance with the installation of three new 200-metre machines.
GE Vernova to supply 42 turbines for a 252 MW wind farm in Romania
GE Vernova will equip the Ialomiţa wind farm with 42 turbines of 6.1 MW, strengthening its presence in the European onshore wind sector with a 252 MW project in partnership with Greenvolt.
Eversource records $75mn charge after revised offshore wind liabilities
Eversource Energy posts a one-time $75mn charge linked to unforeseen costs in the Revolution Wind project, while tightening its 2025 earnings forecast.
The Renewables Infrastructure Group signs 10-year agreement with Virgin Media O2
The Renewables Infrastructure Group has signed a ten-year power purchase agreement with Virgin Media O2 for its onshore wind farms in the United Kingdom, ensuring price stability for both parties.
RWE allocates €120,000 to eight local projects in France through its wind fund
Eight local associations in Normandy and Hauts-de-France will receive a total of €120,000, financed by revenues from three RWE wind farms, to support public-impact projects in 2025.
CWP Europe secures Brussels’ support for 1 GW energy projects in the Balkans
CWP Europe formalised two major projects in Albania and Montenegro with backing from the European Commission, reinforcing the Balkans’ integration into the European energy market.
Elawan wins 92MW wind capacity in Romania under 15-year public contract
Elawan Energy secured two wind power projects totalling 92MW in Romania through a long-term public contract, strengthening its presence in the region with operations scheduled to begin in 2028.
Migralion programme warns of interaction risks between migratory birds and offshore wind turbines
A study conducted in the Gulf of Lion highlights the risk of collisions between migratory birds and floating wind turbine blades, as the region prepares to host 19 additional turbines by 2031.
Taaleri Energia invests in a 112 MW wind farm in Latvia
Taaleri Energia’s SolarWind III Fund partners with Lords LB Asset Management to develop a 112 MW onshore wind project in Smiltene, scheduled for commissioning in early 2027.
Spark Renewables secures key contract for 357 MW wind farm in Australia
The Dinawan Wind Farm project, first phase of a 1.3 GW energy hub, was selected in the fourth tender round of the Capacity Investment Scheme launched by the Australian Government.
RWE commissions new 12.9 MW wind farm in Rhineland-Palatinate
RWE has completed construction of the Kail wind farm, comprising three turbines totalling 12.9 MW, marking its first commissioning in Rhineland-Palatinate.
Ignitis Group submits bid for 700 MW offshore wind tender in Lithuania
Ignitis Group has officially submitted its bid to develop a 700 MW offshore wind project in the Baltic Sea, under a Lithuanian state-supported tender scheme.
Ignitis Renewables takes full control of Curonian Nord offshore wind project
Ignitis Renewables acquires the remaining stake from Ocean Winds in the Curonian Nord project, securing full ownership of this strategic development in the Baltic Sea.
Ming Yang plans £1.5bn wind turbine factory in Scotland
Chinese manufacturer Ming Yang plans to build the UK’s largest wind turbine facility in Ardersier, with an initial £750mn investment and up to 1,500 jobs created by 2028.
Nordex secures 2.2 GW in Q3 orders, up 26% year-on-year
German wind turbine manufacturer Nordex secured 2,170 MW in new orders between July and September, bringing its total volume to 6.7 GW over nine months.
Faria Renewables acquiert deux parcs éoliens pour un total de 30,8 MW en Grèce
Faria Renewables a finalisé l’acquisition de deux projets éoliens d’une capacité cumulée de 30,8 MW, consolidant son portefeuille d’actifs en Grèce et poursuivant son expansion stratégique sur le marché national.
Google signs wind energy deal with Eneco for its Belgian data centre
Google has signed a power purchase agreement with Eneco to supply its Belgian data centre with wind energy from three wind farms totalling 54 MW.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.