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Kokkola Energy into agreement with Varmalämmitys on the renewable energy-based heating solution
Nordic infrastructure investor Infranode and KPA Unicon founded the new company Varmalämmitys Oy last winter. Varmalämmitys provides thermal energy as a service to energy companies. The concept is new and base on Infranode’s investment policy. The fund will become a long-term owner and partner in infrastructure projects with a 25-year commitment. For heat generation the time range is well suited as it corresponds to the lifetime of heating boilers.
“We bring to the market with an open mind a service model that guarantees our customers the availability of clean technology over a period of 25 years. So we guarantee security of supply in cost-effective and predictable manner”, says KPA Unicon’s Managing Director Teemu Koskela.
The concept of Varmalämmitys reflects the beginning of the breakthrough in the energy sector that has been using the same models for a long time. Energy has been sold as a service also before, but the model of Varmalämmitys shows that partnership networks can be built in a very open-minded way and that a technology company producing heating boilers can also be involved in the production.
For Kokkola Energy this agreement means that there is no need to invest, neither to send staff resources to the plant that will be built 20 km away from the company’s nearest office. “We wanted to continue our business activity in Kälviä in order to provide customers with affordable heat”, says Managing Director of Kokkola Energy Mikko Rintamäki. “We had to choose between the investment and partner and we have chosen the partner. Thus, capital is not committed to a long-term project and the balance sheet remains tidy.”
Heat energy is produced from wood-based fuel. “Wood fuel is classified as emission-free source,” Rintamäki continues. “Wood can be obtained locally and the activity has a positive impact on employment in neighboring areas. This is in all respects sustainable and responsible model.”
“We are very pleased that Kokkola Energy has chosen Varmalämmitys as a partner and we strongly believe that this encourages the energy companies to approach us when they plan to renew their district heating plants,” says Infranode’s Country Lead Finland Alex Graan, who is also the Chairman of the board of Varmalämmitys.
Teemu Koskela, Managing Director, KPA Unicon, +358 50 400 8721
Aleksi Graan, Chairman of the board of Varmalämmitys, +358 40 511 5473, + 46 72 575 1832
Mikko Rintamäki, Managing Director of Kokkola Energy Oy, +358 40 558 2289
Kokkola Energy is a developing, full-service energy company serving its customers and owners. Its activities include a traditional production, sales and distribution of electricity, heat and steam. Part of the activity are also development projects in the renewable energy sector. The subsidiary company Kokkolan Energiaverkot Oy is responsible for reliable distribution of electricity. Kokkola Energy owns, both itself and through Pohjolan Voima Oy, production resources. Company’s turnover is approximately 50-60 million per year and it employs about 100 people. www.kokkolanenergia.fi
Varmalämmitys Oy is a joint venture of Infranode and KPA Unicon. Varmalämmitys supplies heating boilers with 10-25-year usability and energy supply contracts to heat generators such as municipal energy companies and industry in Finland. Infranode and KPA Unicon finance future projects together. KPA Unicon is responsible for the design, construction and operation of supplied heating plants over the contract period. www.varmalammitys.fi
Infranode is a Nordic long-term infrastructure investor that invests in key infrastructure assets in the Nordics, such as energy and water utilities, telecommunications, transportation and social infrastructure. Infranode has 10 people investment team and offices in Helsinki, Stockholm and Oslo. It manages investment capital of EUR 450 million. The investors are in LähiTapiola, the European Investment Bank, Folksam, KPA pension, the Swedish government’s AP4 pension fund and IMAS Foundation. Infranode is a sister company to Areim AB, a well-established Nordic property investment and advisory company. www.infranode.se/fi/
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