Niam’s newly launched infrastructure platform has invested in a Swedish owned solar installation and service company.
The Nordic fund manager’s Niam Infrastructure has invested an undisclosed in Solarwork as the platform’s first renewable energy investment.
Solarwork is a solar cell installation company as well as a one-stop supplier of solar, charging infrastructure and energy storage.
Sverker Åkerblom, the head of Niam Infrastructure, said: ”Solar is the obvious solution for property owners and tenants to reduce their carbon footprint and also hedge against increasing electricity bills.
“Together with Solarwork we have the opportunity to accelerate this transition to solar by providing a simple and fully financed solution to our customers. We are fully committed to offer affordable and trouble-free green electricity to our customers and with Solarwork we plan to invest SEK500m (€49m) into this strategy over the next five years.“
Solarwork is owned by its three founders, Carl-Olof Wilhelmson, Eric Wachtmeister and Thomas Elfving and has 15 employees.
Wilhelmson, CEO Solarwork Sweden, said: “We see Niam as the ideal partner for Solarwork. Together, we will have distinctly improved opportunities to develop our business and organisation - amongst other, through the establishment of completely new business areas within solar energy, storage and electric car charging.
“We see great opportunities through knowledge sharing and long-term business development with one of the Nordic region’s leading real estate companies.”
To read the digital edition of the latest IPE Real Assets magazine click here.
