Baringa Partners are delighted to see the successful conclusion of the sale by PNE Group of Hultema onshore wind farm in Sweden to Swiss infrastructure fund Reichmuth Infrastruktur II KmGK.
This has been a proud achievement for the Baringa team who have worked in conjunction with PNE’s subsidiary WKN, the bank consortium of NORD/LB and Siemens Financial Services and the financial advisor Newsec on the transaction since late November. We also extend our congratulations and best wishes to Reichmuth on taking over the project to its exciting next phase.
Baringa’s role has included:
- Provision of market advice and price projections in the Nordic power markets to support the seller in the valuation and divestment of the onshore wind farm Hultema
- Provision of PPA risk assessment in combination with weather sensitivity analyses to understand downsides to project revenue, cash flow and working capital
Yinfan Zhang, Nordics power market expert – Energy & Resources at Baringa Partners said “We are very proud to have assisted PNE and other stakeholders in the sale of Hultema onshore wind farm. Not only did we provide independent power market advice and price projections, we also carried out bespoke sensitivities to help stakeholders understand the project specific risks and opportunities under different wind conditions, a key requirement given the offtake structure. Such commercial structures that help projects secure and de-risk revenues are very important to sustain the great interests shown from infrastructure capital in the Nordic renewable space. At Baringa, we continue to develop and utilise our deep expertise in both power market fundamentals and route to market to provide strategic advice, transaction due diligence and commercial support to our clients in the Nordics.”
Marc Daube, power market expert for North West Europe at Baringa Partners commented “We are delighted to have been able to support PNE in the sale of the Hultema wind asset. We see significant interest from Northwest European institutional investors in renewable opportunities in the Nordics and work with our clients to help them understand the market and price risks and how commercial structures can be used to manage risks and secure financing.”
About PNE Group
The PNE Group is internationally active as a project developer of onshore and offshore wind farms and a "Clean Energy Solutions Provider". From the initial site investigation and the implementation of the approval procedures, through financing and turnkey construction, to operation and repowering, our range of services covers all phases of project planning and operation of wind farms. In addition to wind energy, photovoltaics, storage, support services and the supply of clean electricity also form part of our portfolio. PNE Group is also involved in the development of power-to-X solutions.
Baringa Partners is an independent business and technology consultancy. We help businesses run more effectively, navigate industry shifts and reach new markets. We use our industry insights, ideas and pragmatism to help each client improve their business. Collaboration is central to our strategy and culture ensuring we attract the brightest and the best. And it's why clients love working with us.
Baringa launched in 2000 and now has over 700 members of staff and more than 65 partners across our practice areas Energy and Resources, Financial Services, Products and Services, and Government and Public Sector. These practices are supported by cross-sector teams focused on Customer & Digital; Finance, Risk & Compliance; People Excellence; Supply Chain & Procurement; Data, Analytics & AI; Intelligent Automation & Operations Excellence; and Technology Transformation. We operate globally and have offices in the UK, Europe, Australia, US and Asia.
Baringa Partners have been voted as the leading management consulting firm in the Financial Times' UK Leading Management Consultants 2021 in the categories Energy, Utilities & the Environment, and Oil & Gas. We have been in the Top 10 for the last 13 years in the small, medium, as well as large category in the UK Best Workplaces™ list by Great Place to Work®. We are a Top 50 for Women employer, and are recognised by Best Employers for Race.
Baringa. Brighter Together.