Add a bookmark to get started

21 December 20232 minute read

DLA Piper advises Prime Capital AG on the financing of Lyckås onshore wind farm in Sweden

DLA Piper has successfully advised long-lasting client Prime Capital AG as asset manager of Prime Green Energy Infrastructure Fund S.A. on their investment in and the financing of the Lyckås wind farm located in the Jönköping municipality in South Sweden. The project will comprise 13 wind turbines with a total capacity of approximately 58.5 megawatts.

Financed by Coöperatieve Rabobank U.A. and Skandinaviska Enskilda Banken AB (publ), the project is supported by a power purchase agreement (PPA) signed with one of the largest corporate purchasers of renewable energy. Completion is expected by the end of 2024.

Prime Capital is an independent asset manager and financial services provider, owned by management and employees. The company takes a holistic, cross-divisional approach, specializes in Alternative Investments and has proven expertise in Absolute Return, Infrastructure including Renewable Energy and Private Debt. The company also offers Access Solutions. Prime Capital was founded in 2006, employs around 140 people in Frankfurt and Luxembourg and is regulated by BaFin and CSSF. As of September 2023, Prime Capital has approximately EUR4.3 bn Assets under Management as well as EUR8.5 bn Assets under Administration.

The international DLA Piper Finance and Projects team was co-led by partner Dr Wolfram Distler (Frankfurt) and senior associate Gabriela von Wietersheim (Cologne) and was supported by client partner Fredrik Lindblom (London), partner Björn Sjöberg (Stockholm), senior associates Emel Toluay-Ayhan (Frankfurt), Tim Hagberg (Stockholm), Charlotte Eliades (London) and associates Marcus Kremer (Frankfurt), Philip Berglund and Felicia Lindstrand (both Stockholm).

Additionally, partners Xavier Guzman (Luxembourg), Conor Houlihan (Dublin), Marcus Lovatt (London), Vanessa Rachelle Wilson (Washington), senior associates Berta Blasco (Luxembourg), Oisin Mulvihill (Dublin), associates Fanny Denoël (Luxembourg), Henry Morris and Patrick Lightbown (all Finance & Projects; both London) were involved.