Niam’s newly launched platform Niam Infrastructure has invested in Solarwork, a Swedish owned solar installation and service company. This is the platform’s first investment within renewable energy. As a part of the investment, Niam Infrastructure and Solarwork will together offer property owners and tenants Solar as-a-service through tailor-made solutions for every property’s current and future needs, reducing their electricity costs while contributing to a greener tomorrow.
Sverker Åkerblom, Head of Niam Infrastructure, says, ”Solar is the obvious solution for property owners and tenants to reduce their carbon footprint and also hedge against increasing electricity bills. Together with Solarwork we have the opportunity to accelerate this transition to solar by providing a simple and fully financed solution to our customers. We are fully committed to offer affordable and trouble-free green electricity to our customers and with Solarwork we plan to invest 500 MSEK into this strategy over the next five years.“
Solar as-a-service provides property owners and tenants a simple way to shift to solar power. Solarwork and Niam infrastructure provides the full service from permit, installation, and finance to operation and service with the property owners and tenants only paying a fixed price for the electricity produced. The solution is financed by Niam Infrastructure through a long-term power purchase agreement (“PPA”) which enables the customer to save money and reduce risk while going green.
Solarwork is owned by its three founders, Carl-Olof Wilhelmson, Eric Wachtmeister and Thomas Elfving and has 15 employees.
Carl-Olof Wilhelmson, CEO Solarwork Sweden, says, “We see Niam as the ideal partner for Solarwork. Together, we will have distinctly improved opportunities to develop our business and organization - amongst other, through the establishment of completely new business areas within solar energy, storage and electric car charging. We see great opportunities through knowledge sharing and long-term business development with one of the Nordic region's leading real estate companies. The fact that we will be part of Niam's new sustainability and infrastructure investment also means that our shared values will grow even stronger. We are therefore looking forward, with great enthusiasm, to this new partnership.”
For further information about Niam Infrastructure, please contact:
Sverker Åkerblom, Head of Niam Infrastructure
+46 723 88 18 93, Sverker.Akerblom@niam.com
About Solarwork Sweden
Solarwork is a certified solar cell installation company as well as a one-stop supplier of solar, charging infrastructure and energy storage. Since our founding, we have focused on delivering profitable and smart photovoltaic systems to property owners, landowners, municipalities and co-op buildings. Always making use of the market's leading solar cell products, every project we undertake is tailored to the customer's unique conditions and energy needs, today but also with the future in mind.
Niam is one of northern Europe's leading fund managers with a focus on investments in real estate and infrastructure. Since its inception in 1998, Niam has offered institutional investors the opportunity to invest in the Nordic real estate market through their funds. With extensive experience and expertise, the focus has been on identifying and implementing improvements that create the best properties for our tenants and the communities where they are located with the goal of meeting both current and future needs. For the past 23 years, Niam has invested in properties of more than €11.5 billion and today they manage a property portfolio of approximately €2.4 billion. Niam Infrastructure focus on sustainable investments within renewable energy, transportation and telecom in the Nordics and northern Europe. The platform's first fund concentrates on small to medium-sized investments with a focus on asset aggregation and risk reduction in primarily sustainable infrastructure. Niam has more than 85 employees with offices in Stockholm, Helsinki, Oslo, Copenhagen and Luxembourg. For more information, please visit www.niam.com.