Twenty years of growth and transformation: Highlights from Korkia’s Annual General Meeting 2026

Korkia’s Annual General Meeting was held on 21 April 2026 in Helsinki. During 2025, Korkia’s late-phase renewable energy portfolio grew by 101 percent, reaching approximately 15 gigawatts by year-end. The meeting was followed by celebrations with shareholders marking Korkia’s 20th anniversary.

Continued geopolitical uncertainty, energy availability and security of supply were key economic policy issues in many countries in 2025. Against this backdrop, the year marked Korkia’s second full year as a company focused exclusively on renewable energy investment and project development, laying the foundation for continued portfolio maturation. Pauli Mäenpää, Korkia’s CEO, and Martti Malmivirta, Chairman of the Board, presented the key developments of 2025 and outlined the company’s priorities and outlook for 2026.

The meeting re-elected the current Board of Directors: Martti Malmivirta, Sari Mannonen, Joonas Rauramo and Ante Razmilovic. Juha Sarsama will continue in his role as an advisor to the Board. All decisions at the Annual General Meeting were made unanimously.

Korkia’s performance in 2025: positioning for the next phase of the energy transition

Throughout 2025, Korkia continued to strengthen its position as an international investor and developer by offering investors access to a diversified portfolio, while also expanding its development business and advancing the shift towards renewable energy.

“Our strengths lie in diversification across technologies and geographies, and in our ability to finance entire renewable energy development portfolios. Developing solar, wind and battery energy storage projects across multiple markets allows us to balance market cycles and allocate capital to the most attractive opportunities at any given time,” said Pauli Mäenpää, Korkia’s CEO.

The market itself is evolving, and financing models and energy system needs are becoming more diverse. Electricity demand is growing, and the convergence of energy and digital infrastructure, particularly driven by the rapid expansion of data centers, is reinforcing the role of renewable energy and storage in the future energy system.

“This environment favors developers with the resources, expertise and partnership networks to manage increasingly complex projects,” Mäenpää said, adding that Korkia enters the coming year “with confidence, ready to grow, innovate, and build renewable energy infrastructure.”

Celebrating 20 years of Korkia

As the company looks ahead, 2026 also represents a meaningful milestone for Korkia. This year marks its 20th anniversary: a journey from a Finnish investment services company to an international renewable energy investor and developer.

“Over two decades, we have grown by combining sharp investor acumen with deep energy expertise,” Mäenpää reflected. “None of this would have been possible without the dedication of our team and the trust of our partners and investors. Our journey gives us a strong foundation, and strong ambition, for what comes next.”

Following the official AGM, guests gathered for a cocktail event celebrating Korkia’s 20th anniversary. The evening included speeches by Pauli Mäenpää, Martti Malmivirta and James Spooner, Head of M&A at Korkia, as well as informal discussions over food and drinks.

As James Spooner mentioned in his celebratory speech, Korkia’s scalable growth has been possible due to its strong identity as a global, Finnish-born company, trust and transparency and ambitiousness to improve, grow and innovate.

“We view our current solar, wind and battery storage portfolio, together with our capital raising capabilities, as the foundation for continuously identifying new business models, technologies and solutions across the clean energy value chain. The opportunity set with this lens, in this market, is incredibly exciting, and with this team, I’ve no doubt we can capitalize,” Spooner concluded.

Korkia’s Annual Report 2025

Korkia published it’s annual report on 16th April. Report presents Korkia’s performance and progress during 2025: a year of significant portfolio maturation. Read more by downloading the report.