DLA Piper advises Prime Capital AG on investment and financing of Sandbacka onshore wind farm in Finland

DLA Piper has successfully advised Prime Capital AG as asset manager of Prime Green Energy Infrastructure Fund S.A., one of the largest onshore wind investors in the Nordics, on their investment into, and the financing of the Sandbacka greenfield onshore wind farm located in the Nykarleby and Vörå municipalities in Finland. The project will comprise 14 wind turbines with a total capacity of approximately 92.4 megawatts.

Financed by Coöperatieve Rabobank U.A. and Skandinaviska Enskilda Banken AB (publ), Frankfurt Branch, the project is supported by a power purchase agreement (PPA) signed with one of the largest corporate purchasers of renewable energy. Completion is expected in Q2 2025.

Prime Capital is an independent asset manager and financial services provider, owned by management and employees. The company takes a holistic, cross-divisional approach, specializes in alternative investments and has proven expertise in absolute return, infrastructure including renewable energy and private debt. The company also offers access solutions. Prime Capital was founded in 2006, employs around 125 people in Frankfurt and Luxembourg and is regulated by BaFin and CSSF. As of March 2024, Prime Capital has approximately EUR4.4 bn Assets under Management as well as EUR8.6 bn Assets under Administration.

The international DLA Piper Finance und Projects team was led by senior associate Gabriela von Wietersheim (Cologne) and partner Dr Wolfram Distler (Frankfurt) and further included partners Kristiina Hirva (Helsinki), Xavier Guzman (Luxembourg), Marcus Lovatt and client partner Fredrik Lindblom (both London), counsel Kais Torchani (Frankfurt), senior associates Charlotte Eliades (London) and Berta Blasco (Luxembourg), as well as associates Satu Saarikoski, Iiris Tuohimaa (both Helsinki) and Patrick Lightbown (London).

This project financing marks the latest of a number of mandates for Prime Capital in recent years.