Elo, Veritas and State fund launch renewables investment firm

Exilion Tuuli Ky, renewables investment firm launched by three Finnish pensions institutions yesterday, has some EUR 210 million in its pocket for new wind farms. The company is actively seeking new investment opportunities in Finland.

Photo: Carsten Ingemann, Jyllands-Posten

BY REETA PAAKKINEN, AMWATCH

Finland's pension insurance companies Elo, Veritas and State Pension Fund of Finland (VER), have jointly founded a new investment company focusing on renewable energy through their real estate co-enterprise Exilion Management. The three pension funds say in a press statement that the new company, Exilion Tuuli Ky, plans to invest some EUR 300 million in renewable energy.

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