Skarta Energy, an Oulu, Finland-based solar developer, received a majority investment of undisclosed amount from CapMan Infra.
CapMan Infra has agreed on the investment in a joint venture to be established together with its current parent company SkartaNYAB Plc. The joint venture will develop renewable energy projects, with initial focus on solar in Finland and a strategy to develop-to-own and becoming an independent power producer. The development of solar energy supports the green transition, while improving energy security in the Nordic countries.
CapMan Infra will own 60% of the joint venture Skarta Energy. The transaction is expected to close by the end of 2022.
Led by CEO Johan Larsson, Skarta Energy enables green transition in the Nordics by providing engineering, construction, and maintenance services to public and private sector clients regarding renewable energy and sustainable infrastructure. Currently, the company is developing its first utility scale solar project in Utajärvi where construction for phase 1 is expected to start in late 2023. Over the next five years, the target is to develop and operate c. 500 MW of production, which corresponds to the power consumption of over 20,000 households.
SkartaNYAB has more than 300 employees at different locations in Finland and Sweden.
FinSMEs
13/12/2022