Santiago, Chile; Helsinki, Finland – January 25th, 2021.
Moonvalley Capital, a leading financial services firm based in Santiago, Chile and focused in Latin America, announced today the start of a strategic alliance with Korkia, a Helsinki, Finland, based financial services company focusing on sustainable investing, especially renewable energy.
According to the agreement, Moonvalley Capital and Korkia established a partnership to invest in the acquisition, construction, and sales of solar energy plant portfolios of projects that qualifies as “PMGD” (Pequeños Medios de Generación Distribuida) with individual installed capacity up to 9 MW each in Chile. The partnership seeks to contribute to a sustainable energy matrix for Chile.
This partnership will allow Moonvalley Capital to benefit from the global expertise of Korkia in investing and managing renewable energy assets. Korkia has an extensive track record with approximately 700 MWp of solar energy investments and management commitments. In Chile through its local entity, Asesorias RAM, Korkia has 100 MW operative solar assets under management.
This agreement will also allow Korkia to gain access to Moonvalley Capital’s broad network of contacts and local presence, as well as benefit from Moonvalley Capital’s strategic view and experience in the Energy Market in Chile.
“We are delighted to announce this partnership with Korkia and start Moonvalley’s first investment in the energy sector that is in line with our sustainable investment approach for our asset management and alternative investment business that we are currently developing,” says Martín Cruzat, partner of Moonvalley Capital.
“Solar energy is in the very core of our strategy to grow globally. The partnership and co-investment with Moonvalley Capital is not only a proof of our track record but also enhances our capability to operate in Chile and Latin America. We are happy to enter into this arrangement and are confident that it will add value to both parties,” comments Mikko Kantero, Senior Vice President, Renewable Energy Business of Korkia.
Moonvalley Capital is an independent financial services company which started its operations
in 2014, based on the extensive experience and knowledge of its partners and a wide network
of relationships with the main companies and investors in Latin America.
Alonso de Córdova 2860, 4th Floor
Phone: +56 2 2307 0000
Korkia is a Finnish based business developer, investor, and asset manager with a focus on
sustainable investments. Korkia performs its services in a variety of sectors such as renewable
energy, circular economy, and traffic.
Keskuskatu 8 B
00100 Helsinki, Finland
Phone: +358 50 2247