PCP Transition signed in November 2023 a EUR 325m club financing for Finnish renewable energy company Ilmatar Oy together with Copenhagen Infrastructure Partners (including managed accounts). This tailored financing will support in accelerating Ilmatar’s development as an independent power producer. Ilmatar’s skilled and experienced management team, backed by supportive shareholders, is well positioned to play an important role in the transition towards carbon neutrality in the Nordics. Ilmatar shares PCP’s commitment to best-practice sustainability standards and PCP Transition is proud to play a role in their journey. This transaction adds to the PCP Transition’s diversified portfolio of investments in the European energy and sustainability transition.