Prime Capital has reached the final close for its sustainable Prime Green Energy Infrastructure Fund (PGEIF) with EUR586 million (US$662.37 million) exceeding the target volume of EUR500 million (US$563 million).
Launched in 2020, the fund intends to focus on wind-powered energy assets in the Nordic countries. In addition to the wind, the fund will also implement related themes, in particular the production of green hydrogen and other carbon-neutral energy sources.
Prime Capital has already commenced the construction works for the first three large-scale projects secured for the fund, with a total capacity of 816 MW.