CapMan Infra’s Acquisition of Renewable District Heating Business

CapMan Infra

Posted on

30 Jun


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Deal value:

Not disclosed

We advise CapMan Infra on their investment in renewable district heating business and related financing.

CapMan Nordic Infrastructure I fund has agreed to acquire 100 per cent of the district heating business in the city of Loviisa, on the southern coast of Finland, from Porvoon Energia.

Porvoon Energia’s district heating business produces and distributes heat to residential, commercial and public properties in the city of Loviisa. The network currently serves approx. 300 connection points and the customer base has grown steadily. The heat production in Loviisa is fully based on renewable energy from biomass, and amounted to 53 GWh in 2019. Two primary energy plants, three back-up plants and 38 km of pipeline network ensure a secure supply of district heating in the area and provide opportunities for further expansion of the district heating network.

This transaction strengthens D&I’s position as leading Finnish law firm in energy and infrastructure transactions.

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