Helios Nordic Energy has signed binding agreements to sell all outstanding shares to SunMind, a subsidiary of French energy firm Vinci.
Helios was established in 2019, by the three founders Andreas Tunbjer, Magnus Rahm and Johan Lundin, with the purpose to develop utility scale solar power projects in Sweden.
Since its inception, the team has managed to build a solid and efficient development platform, resulting in multiple transactions with notable tier 1 investors.
Approximately 1GWp of solar PV projects have been sold, and to date, around 300MWp of ready-to-build schemes have been handed over to investors.
Today, the company is active in Sweden, Finland and Norway, with an extensive pipeline of PV and BESS sites.
Helios chief executive Andreas Tunbjer (pictured left) said: “We are very proud of the journey we have made with Helios.
“Through determination and a very strong commitment from our team we have built trust among investors, and we have been one of the pioneers introducing a new energy production source at scale to the Nordic energy mix.
“And now, we are very excited to enter the next chapter by becoming a part of SunMind and the Vinci group. With their support we will be able to strengthen our capabilities and accelerate our business even further.”
The founders and current management will continue in their respective roles after the completion of the transaction.
The sellers were advised by Carnegie Investment Bank and EY Corporate Finance throughout the transaction and Setterwalls Advokatbyrå and BAHR acted as legal advisors.
Closing of the transaction is subject to the FDI approval conducted by the Swedish authority ISP.