AMWatch

Elo, Veritas and State fund launch renewables investment firm

Exilion Tuuli Ky, renewables investment firm launched by three Finnish pensions institutions yesterday, has some EUR 210m in its pocket for new wind farms. The company is actively seeking new investment opportunities in Finland.

Photo: Carsten Ingemann, Jyllands-Posten

Finland's pension insurance companies Elo, Veritas and State Pension Fund of Finland (VER), have jointly founded a new investment company focusing on renewable energy through their real estate co-enterprise Exilion Management. The three pension funds say in a press statement that the new company, Exilion Tuuli Ky, plans to invest some EUR 300m in renewable energy.

Exilion Tuuli Ky currently owns three wind farms, and the combined value of its investments is approximately EUR 90m. In addition to the existing wind farms, Exilion Tuuli Ky is already planning to invest an additional EUR 210m in new wind farms that are already operational or under construction, as well as in different renewable energy projects. The company is actively searching for new investments related to wind power and renewable forms of energy in Finland.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Why do Nordic funds have so few female portfolio managers?

Only 16 percent of fund managers in Sweden are women. The figure is 11 percent in Finland, while just 6 percent of fund managers in Denmark and Norway are female. AMWatch has talked to four Nordic women in finance in search of answers regarding this imbalance and hear about their career experiences. 

Fidelity plans to halve CO2 in investment portfolios by 2030

Fidelity International's target will initially be limited to portfolio companies' direct emissions and those that stem from energy the company buys, so-called Scope 1 and Scope 2 emissions. The manager intends to add Scope 3 emissions once it has access to better data.

Further reading

Trial banner

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch