Nordic Infrastructure completes EUR 200 million green financing
Switzerland-headed Nordic Infrastructure AG (NIAG) has announced that it has successfully completed a EUR 200 million green financing under the established Green Finance Framework. The new funds will be used to refinance NIAG’s existing debt facility as well as investing in the future growth of Sweden-headed renewable energy company Solör Bioenergy Group and ensuring liquidity for the ordinary business of NIAG.
NIAG is an industrial holding company domiciled in Switzerland, owned by the founders of Solör Bioenergy Group. NIAG is the main controlling shareholder in Solör Bioenergy Group, and its strategy is to be a long-term active and driving shareholder within renewable energy in Sweden and Norway.
DNB Markets acted as sole financial advisor and sole sustainable finance advisor in the transaction.
With this new financing, we have attracted global long-term investors enabling us to accelerate the growth strategy in Solör Bioenergy Group together with our co-shareholders. Together with DNB Markets, we have attracted two of the biggest long-term debt investors in the world as our future partners, said Martinus Brandal, CEO of NIAG.
The new funds will be used to refinance NIAG’s existing debt facility as well as investing in the future growth of Solör Bioenergy Group and ensuring liquidity for the ordinary course of business of NIAG.
Solör Bioenergy Group is a leading player in renewable energy based on woody biomass fuels. The company operates district heating and combined heat and power (CHP) plants primarily in Sweden and Norway, producing and distributing district heating, process steam and electricity to homes, companies, public enterprises, and industries.