Korkia expands investment operations in the UK through a business acquisition

News | 8.11.2023

Korkia has acquired the renewable energy business of London-based corporate finance boutique, RSF Capital Partners LLP, strengthening its position as a global investor in the sector.

The acquisition, which closed in October, follows several years of close collaboration between the two companies: together, Korkia and RSF Capital Partners have, established 12 renewable energy project development joint ventures in eight countries, with a pipeline of 11 gigawatts*. The new UK office, established through this acquisition, joins Korkia’s existing offices in Finland and Chile.

“Korkia’s cooperation with RSF has been excellent and our expertise has complemented each other perfectly. In just a little over two years, we have grown a significant portfolio together: we have over 11 gigawatts of renewable energy in active project development across eight different markets. This gigawatt capacity is enough to cover the annual energy consumption of 10 million households*. Furthermore, the total investment value of these upcoming facilities will exceed 9 billion euros**,” says Pauli Mäenpää, CEO of Korkia.

“This is a significant and inspiring step that creates a strong foundation for continued growth and Korkia’s future as an internationally significant investor in renewable energy,” Mäenpää adds.

“This transaction is a natural continuation of the long-term partnership between Korkia and RSF. Korkia has a unique position in the renewable energy investment space with a proven track record in fund raising for development capital and investing in top local development teams. We look forward to our future together as part of Korkia’s global team,” says James Spooner, co-founding partner of RSF Capital Partners and newly appointed member of Korkia’s executive management committee.

More info on:

Pauli Mäenpää
Korkia’s CEO
+358 50 550 7121
pauli.maenpaa@korkia.fi

James Spooner
Head of M&A
+44 203 585 5435
james.spooner@korkia.co.uk

Korkia is a global investor in renewable energy. Our mission is to produce clean megawatts to the market to ensure that future generations have an economically prosperous and sustainable world to live in. We develop utility-scale renewable energy and energy storage together with project developers around the world. Currently we operate Europe, North America and South America – but we are only getting started.
www.korkia.fi

RSF Capital Partners is a corporate finance boutique exclusively focused on the energy transition. RSF was founded in 2017 by former Goldman Sachs colleagues Ante Razmilovic and James Spooner through a shared vision to provide innovative financing solutions to entrepreneurs, project owners and institutional investors. RSF acts as a co-sponsor or outsourced deal team specialising in the origination, structuring and negotiation of strategic partnerships and investments.
www.rsfcapitalpartners.com

Notes to editors:

*With current readings and current gas consumption, 11 GWh would be enough for approx. 10 million households in the UK today (5 million single-family houses).

**This valuation is based on an estimated total cost of building per megawatt of approximately €800,000–900,000 when projects are finished and built.