Local Pensions Partnership Investments (“LPPI”) is pleased to announce that its Finnish district heating and energy services business platform Loimua Oy (formerly known as Elenia Heat) has agreed to acquire Pilke Energia and its subsidiaries from Lahti Energia.

Pilke Energia owns and operates biomass boilers with a capacity of 48MW across two sites in the municipality of Kärkölä, south of Finland. The company’s main responsibility is to produce energy for a local wood product company, Koskisen Oy.

Matti Tynjälä, CEO, Loimua, explains the significance of the acquisition:

“Koskisen will be a significant new customer for our industrial-scale energy services business. Renewable energy and its production serve the customer’s needs and the companies’ carbon neutrality goals in a great way. Loimua’s experience in producing renewable energy supports new cooperation in meeting Koskinen’s energy needs”.

The LPPI infrastructure team, together with its partners, acquired Loimua in July 2019. Loimua is the second largest private supplier of district heating in Finland, providing environmentally sustainable heating to residential, commercial and public sector customers. The company owns and operates 640MW of heat production capacity across 16 networks, covering 500 kilometres and 4,600 supply points (85,000 end-users).