Lucerne/Berlin. 4initia GmbH advised Reichmuth Infrastruktur II KmGK, an asset manager focused on infrastructure investments, on the acquisition of the Hultema wind farm.
Reichmuth Infrastruktur acquired the Swedish wind farm Hultema developed by PNE Group. During the transaction, a debt financing designed and agreed upon between a bank consortium consisting of NORD/LB (debt adviser and mandated lead arranger) and Siemens Financial Services (SFS) / Siemens Bank (mandated lead arranger), PNE, Reichmuth Infrastruktur, and 4initia, was implemented. The revenue side is structured via a long-term power purchase agreement (PPA) with Axpo.
The construction of the Hultema wind farm already began in February 2021. Commissioning is planned for mid-2023. The nominal capacity of the wind farm is 60 MW and turbines of the type Siemens-Gamesa 6.6-155 will be built. The PNE subsidiary energy consult GmbH will be responsible for the technical and commercial management of the wind farm.
Nicolas Wyss, Head Investment Management of Reichmuth Infrastruktur, comments: “The acquisition of the Hultema wind farm represents our entry into the Swedish wind market. We are pleased that 4initia GmbH provided us with competent advice and support in solving the many tasks that arose in the course of the transaction.”
Lars Deckert, Managing Director of 4initia concurs: “We are very grateful that those responsible at Reichmuth Infrastruktur have placed their trust in us and that we were able to
accompany the transaction. We are pleased to have made a further contribution to the expansion of wind energy in Sweden, following the Markbygden ETT and Önusberget transactions.”
About Reichmuth Infrastructure
Reichmuth Infrastructure, as part of the private banking group Reichmuth & Co, has focused as a specialised asset manager on infrastructure investments in Switzerland and Europe in the energy, transportation, and waste management sectors since 2012. Reichmuth Infrastructure thus offers institutional investors access to sustainable and responsible investment solutions with attractive long-term returns, thereby making an active contribution to decarbonisation and the energy transition. Reichmuth In
frastructure manages around EUR 1 billion through two diversified investment funds and segregated mandates. The interdisciplinary team of 13 employees has many years of experience, a broad industry network, and established partnerships with industrial companies.
About 4initia GmbH
4initia GmbH is an engineering and consulting company and acts as an asset manager and transaction advisor. In addition, 4initia is active in the areas of technical and commercial due diligence for international renewable energy projects and as a contract project developer in Germany. Its clients include energy suppliers, project developers, public energy companies, and financial investors. 4initia currently employs more than 30 people and is based in Berlin.