Danish wind energy investment company plans an IPO  

2007.11.12
Sølund Invest, a Danish investment company specialising in selling wind turbine projects to private investors, plans an IPO on Copenhagen Stock Exchange during H1 2008
Sølund Invest, a Danish investment company specialising in structuring and selling wind turbine projects in Denmark and abroad to private investors, plans an IPO on Copenhagen Stock Exchange during H1 2008. The money raised will be used to grow the company, which aims to double its revenues to DKK 2 bn (USD 380 m). Frank Buch-Andersen, managing director of Sølund Invest says: "We focus 100 per cent on renewable energy and will also start up projects in solar energy".
 
Jacob Pedersen, senior analyst at Sydbank says that Sølund Invest fills a gap in the market: "There are limited bourse-listed investment opportunities in renewable energy today, and it looks as if the wind sector in Denmark, which already attracts great attention, will be given greater priority."
 
Sølund Invest has current projects in Germany and plans to expand to several other European countries. The company is reportedly looking at opportunities in Italy, France, Greece and Hungary. The news was reported by financial daily newspaper Børsen.
 
Sølund Invest was founded in 1991 and is based in Birkerød, north of Copenhagen. In 2006, the company generated revenues of DKK 983 m (USD 187 m). Sølund Invest launched Denmark’s first wind turbine bond, which has been listed on Copenhagen Stock Exchange since August 2005.
 
Link > Sølund Invest  

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