Stockholm, 18th of December 2015
Swedish pension insurance company AMF Pensionsförsäkring has purchased a 49% stake in the 150MW Ormonde Offshore Wind Farm (UK) from Swedish State owned utility Vattenfall for GBP 237 million (approximately SEK 3 billion). Ormonde has been operational since 2012 and will continue to be operated by Vattenfall going forward.
“We are very pleased with the professional support from Infranode that has been essential for us to fulfil this strategic investment into green infrastructure.” says Marcus Blomberg, Head of Asset Allocation at AMF.
Infranode was retained as financial advisor and led the advisors team on the transaction on behalf of AMF. Infranode is pleased to again assist AMF in their effort to expand their infrastructure allocation and to continue its activity as an infrastructure sector investment partner and a specialist advisor to Nordic institutional investors.
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Infranode was established as a partnership with AREIM (www.areim.com) during 2013 and reached its first closing in September 2014 with SEK 1.45bn in commitments. Investments are carried out in infrastructure assets with essential characteristics suitable for a buy and hold strategy with a 20+ year investment horizon. The primary focus is the Nordics while opportunities in the rest of Europe will be considered in partnership with leading investors in such jurisdictions. Infranode´s vision is to be a leading, long-term infrastructure investment platform in the Nordics, providing a cost-efficient way for institutional investors to access essential infrastructure assets while offering the public sector and other infrastructure stakeholders a sustainable business partner.