CapMan Infra’s acquisition of Haminan Kaukolämpö and Haminan Sähköverkko

CapMan Infra Management Oy

Posted on

11 Oct

2024

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Dittmar & Indrenius > References > , , > CapMan Infra’s acquisition of Haminan Kaukolämpö and Haminan Sähköverkko

We advise CapMan Infra in its investment in renewable district heating and electricity network infrastructure in Hamina as well as related financing.

CapMan Nordic Infrastructure II fund has agreed to acquire 100 per cent of Haminan Kaukolämpö Oy and Haminan Sähköverkko Oy from Haminan Energia. Haminan Kaukolämpö produces and distributes heat to households, businesses, and public sector clients, while Haminan Sähköverkko operates the electricity distribution grid within Hamina, together serving approximately 8,000 customers. The acquisition will enable a significant investment in the use of waste heat from Google’s data centre in the district heating network, significantly reducing Hamina’s carbon footprint and expanding district heating availability.

The acquisition supports the development of Hamina’s energy infrastructure, aiming to cover 70-80% of the city’s district heating needs with emission-free energy.

CapMan Nordic Infrastructure II fund, is an Article 8 fund with a sustainability strategy and an aim to accelerate the green transition in its portfolio companies. The fund has made previous investments in, inter alia, a data centre platform, a solar energy company, and a transportation infrastructure provider for the aquaculture industry.

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