Greystone Infrastructure Strategy acquires stake in Swedish wind developer

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Greystone Infrastructure Strategy acquires stake in Swedish wind developer

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.

Share this news