Eneo closes Sweden`s first solar and geoenergy
Stockholm, March 17, 2015 Eneo closes Sweden’s first solar and geoenergy project fund Eneo Solutions has completed the fundraising for its first project fund, Eneo Primus. The project fund will build, own, and operate solar and geoenergy installations. It is the first fund of its kind in Sweden, but it is based on an internationally well-established business model. When the fund is fully invested, it will yield returns for investors over 20 years. Eneo Primus offers its investors predictable and stable returns. The customers of the fund are realestate companies, tenants, and property development companies looking for an easy solution to reduce their energy costs and environmental footprint. Each Eneo Primus project is subjected to a thorough risk-assessment process and evaluated by an investment committee. Eneo Solutions manages project identification, construction, and operations on behalf of Eneo Primus. Furthermore, Eneo Solutions has developed contracts, modelling tools, and risk-assessment models. - We are very pleased with completing the fundraising to Eneo Primus in such a short period of time. Now, we are able to continue the roll-out of installations to our customer at a high pace. Customers and investors alike are very interested in the technologies and the business model, says Wilhelm Löwenhielm, CEO of Eneo Solutions. By investing in Eneo Primus, a group of Swedish private investors and investment companies become part of an international trend in third-party financing of distributed renewable energy assets. - In the USA, third-party financing of solar panels is a real success story. Over the last decade, companies like SolarCity and SunEdison have created enormous value for customers, investors, and society at large. Eneo Solutions is now able to expand the business model across Europe, says Harald Överholm, Head of Project Financing at Eneo Solutions. FOR MORE INFORMATION Wilhelm Löwenhielm, CEO, Eneo Solutions AB +46 722 46 49 40 [email protected] ABOUT ENEO SOLUTIONS Eneo was founded in 2013 to create an alternative to the incumbent utilities in Sweden by supplying locally produced, green, and cheap energy. Eneo builds, finances, and operates solar and geoenergy installations for real-estate companies and tenants. In 2013, Eneo was presented with the Climate Solver award by the World Wildlife Fund for its potential in significantly reducing greenhouse gas emissions of buildings. For more information, go to www.eneosolutions.se Eneo Solutions AB | Grev Turegatan 20 | 114 46 Stockholm | 0771 -88 88 00 | [email protected]
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