CEO’s Season’s Greetings

As we approach the end of 2023, it is a good time to reflect on the journey and transformation that our company has undergone. In recent years Korkia has boldly changed its strategy to move its business forward. The changes have paid off and led to significant growth: in only a couple of years we have established 12 renewable energy project development joint ventures in 8 countries, with a pipeline of 11 gigawatts – making us one of the fastest growing renewable energy companies in Europe.

Even though we are used to the fast pace by now, 2023 stands out as a year marked by unprecedented renewal at Korkia. This was the year we truly put plans into motion to complete our transformation into a global investor in renewable energy.

During the first half of 2023, we sold our plot fund and the consulting business. Saying goodbye to some of our own people was not easy, but thankfully our people and businesses found excellent new homes to grow in.

In the fall we also let go of our investment service business, and expanded our investment operations in the UK by acquiring the renewable energy business of RSF Capital Partners. This arrangement marked a significant milestone in strengthening our global position, as we now have our own team and office in London.

Change is never easy, but it is a prerequisite for growth. It is through embracing change that we propel ourselves forward. I want to express my immense gratitude and pride in our team for their dedication, resilience, and hard work in making these transformative changes happen.

The journey towards unlocking the full potential of renewable energy has only just begun.I am confident that with our shared vision and commitment, Korkia will continue to lead the way in driving energy transition – by powering tomorrow with clean gigawatts.

WRITER

Pauli Mäenpää​

Group CEO​