ICECAPITAL acted as co-financial advisor and sole debt advisor to Nordic Infrastructure AG on the acquisition of Statkraft’s district heating assets in partnership with PATRIZIA SE. The portfolio acquired by NIAG comprises 11 biomass-fueled sites across Sweden and Norway with a combined annual heat output of ~450 GWh.

ICECAPITAL advised Solör Bioenergi AB on the acquisition of E.ON’s district heating assets in Åkersberga (January 2025) and subsequently Vallentuna (July 2025) with a combined annual output of c. 140 GWh.

ICECAPITAL acted as Financial Advisor and Private Placement Agent for Nevel Oy in establishing its CTA financing platform and raising EUR 665+ million through a mix of multicurrency bank and private placement loans.

ICECAPITAL acted as financial advisor to Lahti Energia in its partial refinancing, securing EUR 150 million in new green financing.

ICECAPITAL acted as financial advisor and debt advisor to Polhem Infra in the acquisition of a 49 % minority stake in Pori Energia Oy. The equity value of the transaction was EUR 359 million.

ICECAPITAL acted as a financial advisor to Pohjan Voima in the divestment of Finland’s largest, 125 MW ready-to-build battery energy storage project to Alpiq.

ICECAPITAL acted as co-Financial- and Ratings Advisor with DC Advisory for Stockholm Exergi in reaching its Financial Investment Decision (“FID”) for its Bioenergy Carbon Capture and Storage (“BECCS”) project, including the coordination and raising of an unsecured group financing of SEK ~17bn through a mix of bank- and supranational loans, and advising the company with respect to its rating.

ICECAPITAL acted as Financial and Hedging Advisor, and Private Placement Agent to Oslofjord Varme AS in its recent refinancing and CTA amendment exercise, raising c. NOK 1,400 million through a mix of bank and private placement loans. Oslofjord Varme is a leading independent private operator of district heating and district cooling infrastructure in Norway.

ICECAPITAL advised Equitix Next Generation Fund on the investment in a c. 5,400 ton greenfield LBG production site in Eskilstuna, Sweden, alongside co-investors Gotlandsbolaget and the developer Andion CH4 Renewables.

ICECAPITAL acted as Financial Advisor, Ratings Advisor, and Private Placement Agent for Adven Group Oy in establishing an inaugural investment grade rating (BBB) for the company’s CTA financing platform, raising EUR 675+ million through a mix of bank and private placement loans.

ICECAPITAL acted as financial advisor to Oomi Oy as it acquired KSS Energia Oy’s B2C and B2B electricity retail customers.

ICECAPITAL acted as a financial advisor to Finnish green hydrogen and power-to-ammonia developer Green North Energy in raising development equity and establishing a partnership with Meridiam.