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
Cenovus completes MEG Energy acquisition in $5.0bn deal
ReNew to invest $9.33bn in India in large-scale energy portfolio
Japan targets 12.5 Mtpa carbon capture capacity by 2035 despite cross-border hurdles
Sattel secures licence for solar power plant in Kongo-Central
Entech and Primeo Energie launch joint venture for 100 MW of battery storage by 2029
CWP Energy and KfW IPEX-Bank secure £400mn financing for Sanquhar II wind farm
CWP Energy and KfW IPEX-Bank have finalised a £400mn ($494mn) financing agreement for the Sanquhar II onshore wind farm, marking a strategic milestone in UK energy investments.
Nordex signs 42 MW contract with SSE for two wind farms in Spain
Nordex Group will deliver seven turbines for two wind farms commissioned by SSE in Aragón, strengthening their partnership and reinforcing the industrial supply chain in Spain.
DenkerWulf commissions Nordex to install 25 wind turbines for 123 MW in Germany
German manufacturer Nordex has signed three orders with DenkerWulf for 25 onshore wind turbines, with a total capacity of 122.7 MW to be installed between 2027 and 2028 in northern Germany.
RWE strengthens its portfolio in France with 21.6 MW of secured wind projects
RWE won two projects totalling 21.6 MW in the latest onshore wind tender by the CRE, strengthening its presence in Oise and Morbihan and consolidating its investments in France.
Cadeler secures two offshore contracts worth €500mn in wind energy
Danish group Cadeler has signed two contracts for the transport and installation of offshore wind turbine foundations and units worth a combined €500mn, subject to a final investment decision by the client.
Shell exits MarramWind and CampionWind, prioritising high-return investments
Shell withdraws from two floating wind projects in Scotland, reinforcing capital discipline in favour of faster-return activities. ScottishPower takes over MarramWind while CampionWind is returned to Crown Estate Scotland for reallocation.
J-POWER acquires MHI’s onshore wind operations in Japan, closing expected by April 2026
J-POWER will take over Mitsubishi Heavy Industries’ domestic onshore wind maintenance operations under a deal set to strengthen its local market position by spring 2026.
Five companies launch SupraMarine to test offshore superconducting cables
The consortium brings together Air Liquide, RTE, Nexans, ITP Interpipe and CentraleSupélec to develop a demonstrator for offshore electricity transport using superconducting cables cooled with liquid nitrogen.
Q ENERGY commissions new 26 MW wind farm in Haute-Marne
Developer Q ENERGY has inaugurated a seventh wind farm in Biesles, Haute-Marne, with Velto Renewables acquiring a 50% ownership stake.
Wind fisher launches first Magnus-effect wind turbine to harness high-altitude winds
French start-up Wind fisher unveils a pioneering airborne wind system capable of producing twice as much electricity as a ground-based turbine by tapping into powerful winds above 300 metres.
Boralex secures 125 MW in France’s PPE2 wind tender
The Canadian energy producer led the tenth wind tender launched by the CRE, with two projects representing 13% of the allocated capacity, strengthening its strategic position in the French market.
BW Ideol secures up to €74mn for concrete floater plant in Fos-sur-Mer
The European Commission has selected BW Ideol’s Fos3F project for a grant of up to €74mn, targeting the construction of a concrete floater plant for floating wind turbines at the industrial site of Fos-sur-Mer.
Boralex deepens its losses in Q3 despite 7% production increase
Canadian company Boralex reported a net loss of CAD30mn in the third quarter, impacted by lower electricity prices in France and adverse weather conditions in North America.
Energiekontor secures 73 megawatts of wind projects and intensifies investments
Energiekontor has closed financing for three new wind farms in Germany, strengthening its project portfolio and reaching a historic construction milestone in the 2025 fiscal year.
RWE completes Nordseecluster A foundations ahead of maintenance operations
RWE has finalised installation of all 44 foundations at the Nordseecluster A offshore site in the North Sea, a key milestone before planned maintenance activities leading up to 2027 on this 660-megawatt project.
French consortium invests €7.3mn in offshore superconductivity project
A pilot project backed by the state aims to modernise electricity transport between offshore wind farms and the mainland grid using superconducting cables cooled with liquid nitrogen.
Vestas boosts quarterly profit and announces €150mn share buyback
The Danish wind turbine manufacturer doubled its net profit in the third quarter despite complex market conditions, supported by increased onshore deliveries and order growth.
Ørsted deepens losses in the third quarter despite major fundraising
Danish offshore wind giant Ørsted reported a net loss of 1.7 billion kroner in the third quarter, despite a $9.4 billion recapitalisation aimed at strengthening its balance sheet and stabilising operations.
Norway: Rejection of Wind Farm Project in Protected Sami Area
Norway's energy regulator has rejected an application to build a wind farm in the northern Finnmark region due to potential environmental impacts and threats to Indigenous Sami culture.
Ørsted sells 50% of Hornsea 3 project to Apollo for DKK 39 billion
Danish Ørsted has signed an agreement with Apollo to sell a 50% stake in its Hornsea 3 offshore wind farm in the UK, in a strategic transaction valued at approximately DKK 39 billion ($5.43bn).

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.