Ilmatar Energy expansion capital

Augusta & Co congratulates Ilmatar Energy on successfully securing €200 million in growth capital from Omnes Capital and a group of co-investing LPs. The investment will underpin Ilmatar Energy’s strategy to expand into a leading Finnish IPP and install more than 1 GW of new capacity by 2027.

Ilmatar Energy, a joint venture between Finnish developer Ilmatar Windpower and funds managed by Omnes, the Paris-based infrastructure fund, is building out its own portfolio of operating wind farms across Finland.

Michael Pollan, partner at Omnes Capital, commented: “This transaction is a milestone for Ilmatar Energy. Augusta demonstrated a very impressive combination of renewable energy expertise and corporate finance advice in support of the transaction”.

Kalle Pykälä, Chairman of Ilmatar Energy said: “This capital raise drives Ilmatar’s IPP strategy forward. We are very pleased to have benefited once again from the highly professional financial advisory service delivered by Augusta”.

Simon Clement-Davies, Partner of Augusta, said: “The highly entrepreneurial Ilmatar team are rapidly expanding the business from pure-play developer to IPP backed by the financial resources of Omnes. We are delighted to play a part in this exciting story.”

Augusta & Co provided exclusive corporate finance advice to Omnes Capital for the transaction.