BaltCap, the largest private equity investor in the Baltic region, has launched BaltCap Infrastructure Fund (BIF) with the planned size of €100 million (US$114 million).
Energy Finance & Investment News in Estonia
The European Investment Bank (EIB) has announced it is considering to invest in BaltCap Infrastructure Fund.
European Commission has allocated €187.5 million (US$211.45 million) for the construction of the Balticconnector, the first Estonia-Finland gas pipeline.
Fortum recently said that it has concluded the divestment of its 51.4% shareholding in the Estonian natural gas import, sales and distribution company AS Eesti Gaas.
Lietuvos energija a, state-owned group, has acquired two companies which managed wind parks, UAB Eurakras in Lithuania and Tuulueenergia OU in Estonia.
Lords LB Asset Management has established Lithuania‘s first fund that will specialise in investments in energy and infrastructure projects in Lithuania, Latvia and Estonia. The Baltic Energy and Infrastructure Fund (BEIF) is expected to accumulate €200 million in assets under management within three years.
The European Bank for Reconstruction and Development (EBRD) is considering a senior secured corporate loan to AS Graanul Invest for the construction of two new biomass combined-heat-and-power plants (CHP) located in Estonia.
Fortum has agreed to sell its 51.4%-shareholding in the associated company AS Võrguteenus Valdus to the Estonian electricity transmission system operator Elering AS.
The Supervisory Council of Eesti Energia in a meeting held on 2 October 2014, approved that Mr Hando Sutter was appointed as the new Chief Executive Officer and Chairman of Management Board of Eesti Energia until 30 November 2017, effective as of 1 December 2014.