Information on the Target

Conquest has successfully completed the acquisition of two Finnish wind farms from BHM Renewables, a company within the BHM Group's portfolio. The combined planned capacity of these wind farms is 182 MW, and this transaction allows Conquest to further its investments in renewable energy sources across the Nordic countries. Additionally, both companies will collaborate on additional wind farm projects targeting a total performance capacity of 500 MW, with project implementation managed by Winda Energy, which is majority-owned by BHM Group.

Industry Overview in Finland

The renewable energy sector in Finland is characterized by a strong commitment to reducing carbon emissions and increasing the share of renewable energy in the national energy mix. With the Finnish government's aim to achieve carbon neutrality by 2035, wind energy has emerged as a pivotal focus area. The increasing emphasis on sustainable energy sources has led to significant investments in wind farms, making Finland one of the leading countries in Europe for wind energy utilization.

In recent years, Finland has seen substantial growth in wind energy capacity, driven by both onshore and offshore wind projects. The country possesses excellent wind resources, particularly in coastal areas, which makes it an attractive market for wind energy development. The supportive regulatory framework and various financial incentives further bolster the industry's growth prospects.

Moreover, collaboration between investment firms and energy developers is becoming increasingly common. This trend allows for the effective leverage of resources and expertise, ultimately enhancing the scale and efficiency of renewable energy projects. Companies such as BHM Group are at the forefront, consistently working on developing competitive renewable energy solutions and maintaining strong market positions.

Overall, the Finnish wind energy market not only showcases a commitment to sustainable development but also reflects a dynamic landscape where investments yield promising returns and contribute to addressing climate change challenges.

The Rationale Behind the Deal

The acquisition of the two Finnish wind farms represents a strategic move by Conquest to solidify its presence in the growing Nordic renewable energy sector. With an investment estimate of approximately €1 billion planned to be realized over the next four years, this deal aligns perfectly with the company’s long-term vision of fostering sustainable infrastructure projects.

This phased investment approach allows Conquest to manage risks while benefiting from the relatively stable economic environment in Finland. The initial phase involving the construction of the first two wind farms will commence in Q4 2024, with additional projects set to follow, ensuring a steady growth trajectory for the portfolio.

Information about the Investor

Conquest is a well-established investment firm founded in 2012, focusing on long-term sustainable infrastructure projects in Europe. The company serves a diverse client base, including large institutional organizations and individual family offices. With a relatively compact team of around 15 employees based in Dublin and Paris, Conquest manages approximately €400 million in assets, encompassing 25 investments across Europe.

With a clear emphasis on renewable energy, Conquest’s strategy envisions significant contributions to addressing global energy challenges while enhancing investor returns. The firm's dedication to sustainability coupled with its selective investment approach has positioned it as a reliable player in the infrastructure investment landscape.

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The acquisition of the two Finnish wind farms by Conquest appears to be a strategically sound investment, given the favorable market conditions and supportive government policies towards renewable energy in Finland. Wind energy is not only a crucial component of Finland's energy strategy but also provides significant long-term growth potential for investors. The planned phased investment of approximately €1 billion enhances the attractiveness of this deal, as it allows Conquest to expand its portfolio systematically.

Furthermore, the partnership with Winda Energy, a leading wind energy developer in Finland, adds a layer of confidence to the project execution and operational management of the wind farms. Winda's reputation and expertise in the market maximize the chances for successful project outcomes and help mitigate potential challenges associated with development and construction.

Overall, this deal positions Conquest favorably within a thriving renewable energy sector, reflecting not only a commitment to sustainability but also a strategic alignment with Finland's energy transition goals. As global demand for renewable energy solutions continues to surge, investments in such projects are likely to yield considerable returns.

In conclusion, the acquisition appears to be a prudent investment, largely due to favorable market dynamics, strong regulatory support, and the reputable partnerships that Conquest has formed. This move is expected to not only enhance Conquest's portfolio but also significantly contribute to the advancement of renewable energy in Finland.

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