Renewables
Financing the green transition
Understanding the exponential growth of renewable energy in the past, gives us reason to be more optimistic about how fast it can ramp up to meet climate goals in the future. The Arctic Group aims to become a leading center of expertise with respect to broking, research and corporate services in the field of renewable energy.
Where we can make a difference
Emissions avoided through the use of a particular product or service are referred to as "scope 4" emissions. It is by this parameter we best capture how financial institutions can contribute; our advisory services, including capital raises, may ensure that the right companies are provided with the capital they need to make a difference. This does not mean that we refrain from providing financial services to companies on other missions, but rather that we take pride in how our team of 35 dedicated in-house renewables specialists work towards a more sustainable future.
Our investment banking renewables team executed 21 transactions totaling NOK 10+ bn in 2021. These transactions include capital raises within hydrogen, solar energy, offshore wind and ammoniac amongst other industries, facilitating the transition to renewable energy. The Arctic Renewables investment banking team is one of the largest of its kind in the Nordics and is ready to assist legitimate players looking to contribute to the green transition.
Meeting climate goals in the future
Arctic is committed to continuous development and improvement, and we invest our knowledge and financial resources for the long term. We enhance our competence and knowledge of renewable industries in particular, not only to be responsible, but also to gain competitive advantage. Our renewables team consists of dedicated personnel within Investment Banking as well as research analysts.
Associated companies
As part of our engagement in the sector Arctic acquired in November 2019 47.5% of the shares in Cleanworld AS, one of Europe’s largest brokers of renewable energy certificates. Cleanworld is a leader in broking green certificates, including Guarantees of Origin. The market is growing rapidly and spreading to new products and areas, driven by increased requirements as to the production and consumption of renewable energy in Europe and the rest of the world.
The company also owns 34.52% of the shares in the research company Veyt, a specialist in analysis and data on the green certificate market. With Cleanworld and Veyt joining the Arctic Group we aim to build a position as the leading centre of expertise with respect to broking, research and corporate services in the field of renewable energy.
Read more about our services in this sector
Investment Banking
The Arctic Renewables investment banking team is one of the largest of its kind in the Nordics and is ready to assist legitimate players looking to contribute to the green transition. Paired with research coverage on various players in the field, Arctic Securities aims to become a leading center of expertise with respect to broking, research and corporate services in the field of renewable energy.
Research
Arctic Securities Research department consists of experienced credit and equity research analysts, highly recognized both locally and by international institutions. Our teams of sector specialists provide independent research to domestic and international clients which covers the whole capital structure of a company.
Fixed Income & Equity Sales
Arctic Securities’ Equity and Fixed Income Sales team consists of experienced salespeople with an extensive client base among Nordic, US, UK, and other international institutions.
Offshore & Rig Brokering
Arctic Offshore advises on transactions on all types of vessels/ units for the renewables industry. Arctic Offshore Rig is a leading offshore brokering and consultancy company with expertise in wind installation vessels.
Cleanworld AS
Cleanworld is an independent, leading brokerage firm for environmental commodities. The core business is green certificates related to the production and consumption of renewable electricity, – gas and fuels. Additionally, the team has many years of experience in brokering various biofuels and feedstocks. The team consists of knowledgeable and skilled individuals that have unique market expertise.
Veyt AS
Veyt is a global hub for market data analytics and insight. As an independent market intelligence provider the vision is to empower decision makers to help create a net zero society. Backed by an unmatched team of analysts, we help clients navigate the Green Certificate and Carbon Markets. We strive to create a world where individuals and organizations are equipped with the knowledge and tools they need to make sustainable decisions and create a better future for all.
Selected transactions in this sector
Airswift — Financial advisor and sole bookrunner for bond amendment followed by an oversubscribed bond tap issue
NOK 25M
Greencells Group — Sale of 100% of the shares in Project Inarcs by Greencells Group
Undisclosed
Njordr Offshore Wind — Exclusive financial advisor to Njordr Offshore Wind in connection with the sale of 100% of the shares to Statkraft
Undisclosed
Morrow Batteries ASA — Financial advisor on its Series B Equity capital raise of EUR 70 million
NOK 70M
Deep Wind Offshore — Financial advisor to global offshore wind developer Deep Wind Offshore in securing an investment from Octopus Energy
Undisclosed
Kraftsenteret Invest — Sole manager and financial advisor in the NOK 60 million refinancing of Kraftsenteret Invest AS and subsequent NOK 993 million merger with Kjøita Park 1 AS, combining three office assets in Kjøita, Kristiansand
NOK 993M
Pexapark — Arctic acted as exclusive financial advisor on its successful Series C Equity capital raise
NOK 20M
Hitecvision — Co-Lead Manager in block trade in Vår Energi by HitechVision
NOK 4.6B
E energija — Sale of 100% of shares in Kelme wind farm to Ignitis Group
NOK 550M
Tuulialfa Oy — Financial advisor to Tuulialfa Oy in relation to the signing of an agreement with OX2 AB for the development of an onshore wind power portfolio of c. 1,200 MW in Finland
Undisclosed
Contact us
Justin FitzHugh
Head of Energy & Infrastructure, Arctic Securities
