United Bankers’ alternative investment fund and Ramboll Finland Oy signed a major cooperation agreement to promote renewable energy projects
United Bankers Plc
PRESS RELEASE 19 October 2023 at 10:00 EEST
United Bankers’ alternative investment fund and Ramboll Finland Oy signed a major cooperation agreement to promote renewable energy projects
United Bankers' UB Renewable Energy Fund (AIF) has signed a large-scale cooperation agreement with Ramboll Finland Oy to develop a portfolio of renewable energy projects.
Through the cooperation, UB Renewable Energy will have access to Ramboll’s technical, planning and environmental expertise at all stages of renewable energy project development.
"Ramboll represents the best in its field, both nationally and globally. When building projects of this magnitude, it is particularly important that we have the best expertise at our disposal at all stages of project development. Working with Ramboll helps to ensure that our projects proceed as efficiently as possible, are technically feasible, economically viable and, in particular, respectful of natural resources," says Heikki Kauppinen, Senior Advisor to the UB Renewable Energy Fund.
“It is great and highly motivating to start developing a project portfolio in cooperation with United Bankers. We appreciate UB Renewable Energy Fund’s vision and preparedness to meet the national targets for electrification of the energy system and the carbon neutrality goal. By jointly planning and scheduling the pace of projects in the portfolio, we are able to reserve the necessary expert resources well in advance to ensure that the project development proceeds in a planned and smooth manner," says Jaana Tyynismaa, Country Market Director at Ramboll.
UB Renewable Energy Fund’s primary investment targets are wind and solar power plants. The fund can also invest in infrastructure related to energy production, energy storage and the hydrogen industry.
The fund is an Article 9 fund under SFDR and its assets are invested in sustainable investments that have a climate target. UB Renewable Energy can make investments throughout Europe, with a focus on Finland and other Nordic and Baltic countries.
For further information:
Heikki Kauppinen, Senior Advisor, UB Renewable Energy Fund
Email: heikki.kauppinen@unitedbankers.fi
Telephone: +358 40 566 4428
United Bankers in brief:
United Bankers Plc is a Finnish expert on wealth management and investment markets, established in 1986. United Bankers Group’s business segments include wealth management and capital markets services. In asset management, the Group specializes in real asset investments. United Bankers Plc is majority-owned by its key personnel and the Group employs 163 employees (FTE) and 31 agents (30 June 2023). In 2022, the United Bankers Group’s revenue totalled EUR 48.6 million and its adjusted operating profit amounted to EUR 16.6 million. The Group’s assets under management amount to approximately EUR 4.6 billion (30 June 2023). United Bankers Plc’s shares are listed on Nasdaq Helsinki Ltd. The Group companies are subject to the Finnish Financial Supervisory Authority’s supervision. For further information on United Bankers Group, please visit www.unitedbankers.com
Ramboll in brief:
Ramboll is a global engineering, architecture and consultancy company with a leading edge in creating sustainable cities and societies. The company employs over 18,000 experts worldwide, and 2,500 people across Finland. We drive sustainable change in markets as diverse as Buildings, Transport, Construction Management, Planning and Urban Design, Water, and Environment & Health. www.ramboll.fi
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