EY advised AIP Management in merchant financing of 132 MW wind farm portfolio

11 Jul 2022
By Kinga Charpentier

EY Nordics Renewables Co-Lead, M&A and Debt Advisory

Excited to help clients lead their organizations through the energy transition. Keen traveler, musician and sports enthusiast.

11 Jul 2022

EY Corporate Finance advised AIP Management, a Danish investment manager investing into energy & infrastructure assets in Europe and the US, on the EUR 135m financing of a 132MW wind farm portfolio consisting of 4 onshore wind farms owned by Ilmatar in Finland through an innovative and flexible debt instrument designed to finance fully merchant projects on a long-term basis.

The onshore wind farm portfolio, located in Finland, will have a total expected production of c. 440 GWh per year, and is expected to reach commercial operations in Q1 2024. Ilmatar, a Finnish independent power producer established in 2011, is the 100% project owner and project manager during both construction and operations.

This is AIP Management’s second investment into the Finnish onshore wind market in the last 6 months.

EY Corporate Finance advised AIP Management as financial advisor in this important financing in the Finnish onshore wind sector, a continuation in their role on AIP's previous investment in a c. 150MW wind farm owned by VALOREM. 

Read more here.

Contact details for more information:

Kinga Charpentier
Partner, Head of Corporate Finance, Strategy and Transactions, EY Finland
+358 503 229 397

Michael Bruhn
Partner, Power & Utilities, Strategy and Transactions, EY Denmark
+45 2529 3135

Ross McWhirter
Senior Manager, Power & Utilities, Strategy and Transactions, EY Denmark
+44 7385 423 702

Summary

EY Corporate Finance advised AIP Management in the fully merchant debt financing of a 132 MW portfolio of 4 onshore wind farms in Finland owned by Ilmatar, a continuation in their role on AIP's previous investment in a c. 150MW Finnish wind farm owned by VALOREM.

About this article

By Kinga Charpentier

EY Nordics Renewables Co-Lead, M&A and Debt Advisory

Excited to help clients lead their organizations through the energy transition. Keen traveler, musician and sports enthusiast.