Finnish renewable energy investor, Korkia, made a significant move on Wednesday by announcing the acquisition of the renewable energy business of London-based corporate finance boutique RSF Capital Partners LLP. The acquisition, which was completed in October, marks a substantial addition to Korkia's ever-expanding renewable energy portfolio, although specific financial details of the transaction remain undisclosed.
This acquisition is the culmination of a long-standing collaboration between Korkia and RSF Capital Partners, spanning several years during which they jointly initiated 12 renewable energy project development ventures across eight different countries. The result of their partnership is an impressive 11 gigawatts of renewable energy currently in active project development, spread across a diverse array of global markets.
Korkia's CEO, Pauli Maenpaa, expressed his satisfaction with the partnership, stating, “In just a little over two years, we have grown a significant portfolio together: we have over 11 gigawatts of renewable energy in active project development across eight different markets.” The success of their joint efforts demonstrates the strength and synergy between the two companies in advancing the renewable energy sector.
James Spooner, co-founding partner of RSF Capital Partners, also shared his optimism about the collaboration, as he joins Korkia's executive management committee. He commented, “Korkia has a unique position in the renewable energy investment space with a proven track record in fund raising for development capital and investing in top local development teams. We look forward to our future together as part of Korkia's global team.”
One notable outcome of this acquisition is the establishment of Korkia's presence in the United Kingdom, further expanding the company's reach. This new UK office complements their existing offices in Finland and Chile, enabling Korkia to enhance its global operations and contribute even more significantly to the renewable energy sector's growth and development.