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EY Financial Advisor to CPC of a 32MW Finnish solar project

Photographic portrait of Kinga Charpentier
Kinga Charpentier

EY Nordics Renewables Co-Lead; Partner, M&A and Debt Advisory, Ernst & Young Oy

24 Nov 2023

CPC Finland, the Finnish subsidiary of German renewables developer CPC Germania GmbH, secured debt financing and a Corporate PPA with Neste Oyj for their first solar project in Rauma Finland, to be commissioned by spring 2024.

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The solar project, with a capacity of c. 32 MWp, will be the first operational utility-scale solar parks in Finland. The estimated annual energy production of the solar farm is c. 31GWh. This project has been developed by CPC and they will remain as the owner. Construction and installation are ongoing and are being managed by Suvic Oy, with the park scheduled to be operational by spring 2024. The project is the first solar project CPC constructs in Finland, who has a long successful track record in the delivery of wind farm projects and a development pipeline of future solar and wind projects in Finland. The long-term debt financing is provided by DAL Deutsche Anlagen-Leasing and the Corporate PPA has been entered into with Neste Oyj, one of the globally leading companies in renewable and circular solutions.

 

EY Corporate Finance acted as Financial Advisor to CPC Finland supporting the PPA Procurement and Debt Financing process.

The transaction highlights EY’s commitment in providing first class integrated corporate finance services spanning M&A Advisory, Debt Advisory and PPA Advisory in the evolving renewable energy market, and is another great example of EY’s strong Nordic renewables presence and dedication to supporting our clients find innovative solutions for their projects.

 

More information can be found on CPC Finland’s and Neste’s press releases.

Below you can find a selection of EY's recent deal alerts and you can also find a more extensive list on our Strategy and Transactions page.

Summary 

EY Corporate Finance acted as Financial Advisor to CPC Finland in the PPA Procurement and Debt Financing for a 32MWp solar project in Finland.

About this article

Photographic portrait of Kinga Charpentier
Kinga Charpentier
EY Nordics Renewables Co-Lead; Partner, M&A and Debt Advisory, Ernst & Young Oy
Excited to help clients lead their organizations through the energy transition. Keen traveler, musician and sports enthusiast.
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Strategy and Transactions

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