PÖYRY PLC Press release, 9 June 2016 at 10:00 am EEST
Sustainable Sàrl and Pöyry sign Memorandum of Understanding to cooperate in energy efficiency projects across Europe, targeting a volume of €50 million
Sustainable Sàrl ("SUSI"), a subsidiary of SUSI Partners AG, signed a Memorandum of Understanding ("MOU") with Pöyry Switzerland Ltd ("Pöyry") to identify, implement and finance operational and energy efficiency projects across Europe. The total project value is foreseen to reach
approximately €50 million by the end of 2017.
Under the agreement, Pöyry will offer engineering, procurement and construction services based on their EPC Open Book System Methodology, leading to a completely transparent and highly cost efficient approach to assess and deliver energy efficiency solutions. SUSI will structure and finance the projects as the sole financier through the SUSI Energy Efficiency Fund (EUR) ("SEEF"). The fund is advised by the SUSI Energy Efficiency AG and managed by SUSI.
The cooperation will focus on the core EU member states. Pöyry and SUSI have already started initial discussions for the implementation of projects with a number of companies in Finland, where Pöyry is headquartered. With this agreement, SUSI is strengthening its ties to the Finnish market. Further projects, also outside of the Finnish market, are scheduled to follow in the near future.
The SEEF is the leading independent investment vehicle financing energy efficiency projects in Europe, currently deploying approximately €250 million equity for attractive investment opportunities throughout the European energy efficiency market. Andras Puskas, Vice President at
SUSI Energy Efficiency AG, on the agreement: "We are proud to have an international cooperation agreed with such a renowned partner as Pöyry. Protecting and improving EBITDA margins are a strategic priority for industrial companies. Our cooperation with Pöyry focuses on supporting these efforts by improving the productivity and the cost structure. With 100% of the investment costs being financed, undertaking such efficiency projects becomes highly attractive."
"Pöyry is very excited about this joining of forces with SUSI to offer a one-stop shop approach to the energy efficiency challenges of our clients. Our unique EPC delivery concept allows total transparency for clients with the added benefit of sharing any cost savings generated during the project implementation. I have no doubt that Pöyry's project implementation approach coupled with SUSI's unique financing scheme will be very attractive to our clients.", says Richard Pinnock, Executive Vice President at Pöyry Plc.
Alexander Rothlin, Director for the Nordics at SUSI Energy Efficiency AG, adds: "SUSI has significant structuring expertise across Europe with the necessary financial means to act as a strong and flexible partner for Pöyry and its clients. The cooperation with Pöyry is a great example for our commitment to sustainability through delivering outstanding operational and energy efficiency solutions."
Additional Information:
SUSI Partners:
Robin Poell, Media Relations
Tel: +49 691 2018 5044
E-Mail: r.poell@susi-partners.ch
Pöyry PLC:
Richard Pinnock, Executive Vice President, Global Sales and Project Management, Switzerland
Tel: +41 76 3562410
About Sustainable Sàrl & SUSI Partners AG
SUSI Partners AG is a Swiss Investment Advisor that focuses on financing the energy transition and sustainable energy infrastructure. SUSI supports institutional investors with investments in solar and wind parks in Europe, energy efficiency retrofits of existing infrastructure and energy storage solutions. Through its subsidiary, Sustainable Sàrl, SUSI offers fund solutions that yield stable and low-correlated annual distributions, carry low risk and produce a measurable impact on climate change mitigation.
Currently deploying approximately €250 million equity, the SUSI Energy Efficiency Fund (EUR) is the leading independent investment vehicle financing energy efficiency projects in Europe. The
SUSI Energy Efficiency AG, a subsidiary of SUSI Partners AG, advises the fund on investments in private, industrial and public large scale infrastructure.
About Pöyry
Pöyry is an international consulting and engineering company, serving clients globally across the energy and industrial sectors and providing local services in their core markets. Pöyry delivers management consulting and engineering services, underpinned by strong project implementation capability and expertise. Its focus sectors are power generation, transmission & distribution, forest industry, chemicals & biorefining, mining & metals, transportation and water. Pöyry has an extensive local office network employing about 6,000 experts. Pöyry's net sales in 2015 were €575 million and the company's shares are quoted on Nasdaq Helsinki (Pöyry PLC: POY1V).
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Pöyry Oyj via Globenewswire
