Helsinki, 2 April 2020 – Ardian, a world-leading private investment house with $96bn assets under management, today announces the 100% acquisition of Lakiakangas 1 from, German based wind power company, CPC Finland Oy. The wind farm is Ardian’s first investment in Finland. It is an add-on to Ardian Infrastructure’s existing asset base in the Nordics and will be part of Ardian and eNordic’s partnership.

“With this investment, we aim to make a lasting contribution to the delivery of clean energy to our customers and we will continue to pursue strong cooperation with our local partners. Thanks to Fingrid’s long-sighted grid reinforcement programme, we will be able to add additional turbines, which would significantly increase the capacity of the power plant” says Eero Auranne, CEO of eNordic.

The Lakiakangas 1 wind farm currently has 14 turbines in operation and a production capacity of 57MW, with permits to build-up capacity to 90MW.

“Although this investment comes during a challenging period for the world, we remain committed to sustainable energy, which will continue to play an important role in the transition to a more climate friendly society. This investment, our first in Finland, is underpinned by agreements with strong counterparties to whom we will deliver all of the produced electricity under long term contracts. This combined with the opportunity to build additional capacity in the future is a great fit for our industrial asset management strategy” says Simo Santavirta, Head of Asset Management of Ardian Infrastructure.

CPC Finland built the Lakiakangas 1 wind farm in Isojoki in 2018-2019. Following the transaction, CPC will remain responsible for the technical and commercial asset management of the wind farm in cooperation with Ardian and eNordic. The parties will not disclose the value of the transaction.

“We are pleased to partner with Ardian and eNordic in this transaction. It was one of the most efficient transactions and it has been a real pleasure to work with the Ardian/eNordic’s highly competent team. We look forward to a long lasting partnership” says Erik Trast, Managing Director of CPC Finland Oy.

“This investment is a significant step in our strategy to build a leading independent sustainable energy group with presence across three Nordic countries” says Amir Sharifi, Managing Director at Ardian Infrastructure.

Ardian Infrastructure’s portfolio, which already includes three wind farm investments in Norway and Sweden, is now at nearly 500MW of gross capacity, corresponding to the yearly energy consumption of more than 750,000 electric vehicles. The portfolio is comprised of a balanced mix of greenfield and brownfield assets. The assets all operate under a mixture of pay as produced schemes. Ardian’s total renewable portfolio represents 3.5GW of capacity across Europe and Americas.

Lakiakangas Wind Farm transaction was completed through the Ardian Infrastructure Fund IV and Ardian Clean Energy II funds.

Ardian is a world-leading private investment house with assets of US$96bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.

Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 680 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

Under the authority of the Société du Grand Paris, the Grand Paris Express is Europe’s biggest transport infrastructure project, involving the construction of four new automated metro lines around Paris and the extension of two existing lines, totalling nearly 200 km of track. The ambitious project will include 68 new stations within the Ile-de-France area. Not just an infrastructure project, Grand Paris is also a cultural adventure on an unprecedented scale. In fact, more than thirty stations are already under construction under the authority, for each station, of an architect and an artist in order to bring an aesthetic, sensitive and poetic dimension to the new stations.

Ardian has decided to support this initiative, with the hope of making the region more attractive, creating a more even balance between the various areas of the city and offering a new transport experience for thousands of users. A major name in core infrastructure and commercial property, Ardian has put its name to this long-term project, which will bring every person closer to their destination and result in faster and more pleasant daily commutes.

The Orly Airport station is designed by the chief architect of Aéroports de Paris, François Tamisier and the Portuguese artist VHILS. With an estimated 95,000 journeys made every day, this station is a veritable economic hub. There are 173,000 jobs located within 1 km from the station, of which 28,000 are connected to the airport.
The Bourget RER station is designed by the duo composed of the architect Elisabeth de Portzamparc and Jeppe Hein, a Danish artist living in Berlin. Connected to RER line B, one of the busiest in the region, the station serves 860,000 passengers every day.

According to Rémi Babinet, President of the Endowment Fund: “This is an opportunity to embark upon an extraordinary adventure as we witness the metamorphosis of our capital. A new scale, new journeys, new momentum and new directions, the future Grand Paris Express metro network will be the driving force behind a rate of change not seen since the 19th century. It is essential that everyone understands the stakes, and we must share it with the public to ensure the project fulfils its full social potential. This project will allow us to work together, communicate, expand and contribute to the emergence of a culture “beyond the ringroad” and write the story of Grand Paris. We are very pleased with this new partnership. By offering dedicated support for the endowment of works, Ardian is participating in the emergence of a new metropolitan identity and the construction of a capital on a revisited scale, better connected, more attractive and more inclusive.”

Pierre Emmanuel Becherand, Managing Director of the Endowment Fund, adds: “We are delighted with this first partnership dedicated to the production of two station works which inaugurates a new phase in the deployment of artists & architects working together. We hope to capitalise on this momentum by involving private enterprise in the realisation of the cultural and artistic Grand Paris Express.”

Mathias Burghardt, Member of the Ardian Executive Committee and Head of the Infrastructure business declares: “We are very proud to be part of this world-class project. “With the increasing urbanisation of the Ile-de-France area, improving transport is a priority. As a company based in the heart of the regions, it was only natural for us to get involved with the Grand Paris Express. It is also an opportunity to work with world-famous architects and artists, and our collaboration will make it possible to add a touch of culture to people’s daily lives.”

Stéphanie Bensimon, Head of Ardian Real Estate, concludes: “It made sense for us to support this project which serves some of the region’s largest business centres. As an investor in commercial property across the Paris area, we want to help improve the movement and experience of thousands of people as they make their way to work”.

By committing to a policy of sharing its value creation with all stakeholders, Ardian supports the growth of companies and economies around the globe.

Built on the core values of excellence, trust and company spirit, Ardian has an international network of 640 employees across fifteen offices in Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco), South America (Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages the assets of its 1,000 clients via five investment divisions: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Follow Ardian on Twitter @Ardian

Launched in 2015, Ardian Real Estate invests in high-potential commercial property in continental Europe. Some of its landmark deals include the purchase of the building that was home to the Europe 1 radio at Rue François 1er in the 8th arrondissement of Paris, and the Rio Building at 2 Place Rio de Janeiro.