The Greystone Infrastructure Strategy has acquired an equity interest in Rabbalshede Kraft AB (publ), an established developer and operator of wind projects based in Sweden.
Rabbalshede Kraft is a renewable power producer that owns and operates 71 wind turbines across eight proprietary wind farms, managing a total of 334MW across 139 turbines. This latest investment enhances the geographic diversification of the Greystone Infrastructure Strategy with a unique opportunity in the Nordic renewable market and complements our existing investments in the U.S. and Ireland.
Ted Welter, Chief Investment Officer, Alternative Investments at Greystone Managed Investments Inc., said:
“Our Infrastructure Investments team is supported by a full complement of a Client Portfolio Management and Operations team that enables Jeff Mouland and his Infrastructure Investments team to source the best and most appropriate risk-adjusted assets for our clients. We are proud to fully serve and support the growth of our Infrastructure Strategy.”
Jeff Mouland, Executive Director and Head of Infrastructure Investments said:
“This investment further strengthens our presence in the European market as we continue to pursue quality, mid-market assets that can provide our clients with long-term cash yield and capital appreciation. We continue to actively source high-quality assets in Europe and North America on behalf of our investors.”
The transaction achieved all customary closing conditions, including regulatory approvals, and reached financial close on February 1, 2017.