Ardian Clean Energy Evergreen Fund (ACEEF) acquires a 21.6MW wind farm in Finland
Ardian’s evergreen fund has acquired the Honkajoki wind park in Kankaanpää, Finland, from Access Capital Partners and KGAL. The wind...
21 Nov 2023
Energy Transition
Ambition to build a multi-billion euro platform in the Northern European energy markets
Growing portfolio
Current portfolio of six wind power assets with 500MW capacity and an energy company Nevel, consisting of more than 40 district heating networks, industrial sites, as well as biogas plants.
Ardian's operating partner in the energy transition investment in the northern Europe
eNordic is the Northern European energy transition investment platform of Ardian, with its team located in Finland and Sweden, and covering the Nordic countries and Baltic states. Ardian is, a world-leading investment house with more than €150bn assets under management. We identify, develop, invest in, acquire and manage clean energy transition assets on behalf of Ardian’s funds. We work as an integrated team in close cooperation with Ardian’s fund teams.
Latest news
Åndberg wind farm launches commercial operations
Ardian has built a state-of-the-art wind farm in Härjedalen, Sweden, using the latest available technology. The 53-turbine project is now...
21 Dec 2022
Ardian acquires energy company Nevel
French private investment company Ardian acquires Nevel, a company in district heating and industrial energy solutions. The Finnish Vapo-group sells...
02 Nov 2020
Ambition: Accelerating the energy transition
eNordic aims to be a leader in the Nordic energy transition by building a multibillion sustainable energy platform
The world requires an energy transition of unprecedented scope, depth and speed. Consumer demand is increasing, corporations are cleaning their supply chains, and the fast technological developments starting to provide the solutions – rapidly.
The Nordic energy market is ahead of the curve in terms of the energy transition. The region’s well-functioning electricity market, strong grids and vast potential in cheap and clean energy is not only sufficient to cover the region’s current energy demand but also provides a competitive location for new industries.
This is why we have created eNordic: first sustainable energy platform in the Nordics. We invest and consolidate opportunities in the energy transition. In addition to “green assets”, we also invest in “transition assets”; those traditional energy assets with the potential to be transformed or managed in a sustainable way. We are an active owner, continuously developing the value creation potential and sustainability of our assets.
Our mission is to enable the transition of the Nordic energy sector by becoming the preferred partner for those who develop or operate sustainable energy projects in the Nordics. We are the go-to Nordic team for developing, M&A and managing the assets.
Portfolio: Nordic Infrastructure
Currently four wind power assets with 471MW capacity
Ånberg
Wind farm · capacity 280 MW · Sweden
The wind farm started its operations in 2022, with 280 MW capacity, producing over 800 GWh Green energy in a year. Åndberg is 100% Ardian-owned.
Hamnefell
Wind farm · capacity 51.8 MW · Norway
The wind power plant is equipped with fifteen 3.45 MW Vestas wind turbines and has a 51.8 MW capacity. It is a joint venture between Ardian and Finnmark Kraft.
Nevel
District heating · Finland, Sweden, Estonia
Nevel is a utility infrastructure company offering advanced industrial and real estate infrastructure solutions that are fit-for-purpose and future-proof. Nevel operates more than 130 energy production sites and manages over 40 district heating networks. The company’s annual turnover is EUR 100 million. Nevel employs 160 experts in Finland, Sweden and Estonia. Nevel is 100% owned by ARDIAN.
Lyrestad
Wind farm · capacity 76 MW · Sweden
The wind farm supplies Google with clean energy, and has a 76 MW capacity. The site is a joint venture between Ardian and Rabbalshede Kraft.
Lakiakangas 1
Wind farm · capacity 57.3 MW · Finland
The 57.3 MW wind farm was established in 2019. It produces clean energy for Google servers, among others. The site is 100% owned by Ardian.
Hamina
Wind farm · capacity 6.1 MW · Finland
The wind farm was commissioned in 2015 and consists of two Enercon turbines. It generates approximately 18 GWh electricity per annum, benefits from the Finnish feed-in tariff scheme, and is located in the Hamina harbor. The project is 100% owned by Ardian.
Honkajoki
Wind farm · capacity 21.6 MW · Finland
The wind farm was commissioned in 2013 and consists of nine Nordex turbines. It generates approximately 60 GWh electricity per annum, benefits from the Finnish feed-in tariff scheme, and is located in Honkajoki in the municipality of Kankaanpää. The project is 100% owned by Ardian.
Values: Cooperation for Clean Energy
We aim at establishing long-term business relationships
We will seek to establish long-term business relationships – we’re not looking for one-off deals – and will always act in a transparent and loyal manner. We will act responsibly and build long-lasting foundations with local communities that help respond to their needs. We believe that good business means shared outcomes for all.
We combine investment expertise, transaction ability, sector knowledge and local experience.
1
Loyalty
We seek to establish long-term business relationships and will always act in a transparent and loyal manner.
2
Responsibility
We act responsibly and build long-lasting foundations with local communities that help respond to their needs.
3
Win-win
We believe that good business means shared outcomes for all.
Management Team
Nordic team development, investment, M&A and management of the assets
Eero Auranne
CEO
Eero Auranne has 30 years of experience in the energy sector as CEO of Empower, President of ÅF Energy and Executive VP leading Fortum’s international power business.
Thomas Linnard
Managing Director
Thomas Linnard has over 10 years’ experience in the renewable energy sector, most recently as CEO of Rabbalshede Kraft, a large Swedish wind power developer and operator.
Ardian: A world-leading private investment house
Ardian is a world-leading private investment house part-owned by its employees. With its more than 1000 in employees in 15 location across the World, it manages or advises $156bn of assets across Europe, the Americas, Asia and Middle East, on behalf of governments, institutions, pension funds and high-networth investors. Ardian is an entrepreneurial business, focused on supporting talented management teams to build sustainable, growing companies. The company is committed to sharing its success as widely as possible – with investors, with employees in the companies it supports and with society at large.
More about Ardian:
Ardian.com