Dukes is a development cost financing platform for Renewables in Northern and Central Europe

Investment overview
Industry
Renewable energy
Country
Northern & Central Europe
Rivage role
Structuring role

Rivage finances part of the development costs of a portfolio of renewable energy projects at development stage, consisting of wind and solar photovoltaic farms located in Northern and Central Europe.

The sponsor, Taaleri, is a Scandinavian financial group that provides financial and asset management services in Northern Europe. It is also one of the largest private equity funds investing in Finnish wind farms. It has a unique approach having internalised the development of its own projects and has successfully developed more than 1 GW while currently operating 1.2 GW of solar PV and wind farms.

The developed portfolio will then be sold at a predetermined price to a sister entity, i.e., an infrastructure fund that will be raised by the Sponsor.

Investment rationale

Financing the development phase of the projects generates more attractive returns compared to the construction and operating phases.

Strategic goal of maximising geographic and technological diversification by the Sponsor.
For projects outside Finland, the Sponsor works with other local private equity investors with the same profile, and with local developers that can contribute with their expertise and business relations on each domestic market.

Investment overview
Industry
Renewable energy
Country
Northern & Central Europe
Rivage role
Structuring role
Renewable Energy
Accelerating development of RE amid global energy transition
Top tier sponsor
Unique knowledge of the Northern and Central EU markets
Strong value creation
Attractive returns generated by project development

Our high-return infrastructure investments span across Europe