News Archive

GreenStream, a leading Northern European company in the carbon and renewable energy markets, has signed a co-operation agreement with Juno Capital Group to enable the joint development of CDM projects in China for both the Kyoto and post-Kyoto commitment periods.

CEO, Dr Jussi Nykänen, described the agreement with Juno Capital Group as an “important milestone” in the further development of GreenStream in China. He added that: having a co-operation partner of the standing of Juno Capital Group would be invaluable in continuing to provide investors in GreenStream’s carbon funds access to high quality CDM opportunities in China. “We are pleased to have been introduced to Juno by the Finnish Environmental Cluster for China, and I am positive that this relationship will expand significantly over time as GreenStream and Juno work together to develop exciting CDM opportunities in China”.

Chairman Zhou Xiao He of Juno Capital Group stated;

“It is a very good beginning for our cooperation, I believe we will have a lot of opportunities in the carbon market in the future, but there will also be concrete chances for us, with the help from our friends at GreenStream and FECC, when it comes to transfer proven clean technology from Finland that is requested by the Chinese market.”

Juno Capital Group have earlier this year entered into a close co-operation with FECC and looks forward to reaping the rewards of this co-operation in its relationship with GreenStream, and continuing to work with FECC on a range of issues.

“Juno – GreenStream is an excellent match” says Mr Ari Makkonen, Vice President of Finnish Environmental Cluster for China (FECC). “Knowing the businesses and strenghts of both companies we decided to get them together”. During Juno’s visit to Finland a two-day matchmaking event for selected Finnish companies – including GreenStream – was aranged by FECC in June 2009. “This is also a break-thru for FECC as one of our services is to find partners for Chinese and Finnish companies in the cleantech sector” says Makkonen. “We have great expectations for the cooperation with both Juno and GreenStream in the future, too”

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Pohjois-Euroopan johtava päästökaupan ja uusiutuvan energian markkinoiden asiantuntija GreenStream on voittanut tarjouskilpailun koskien Suomen valtion Kioton mekanismien osto-ohjelman hoitamista vuosina 2010 ja 2011. Työ- ja elinkeinoministeriön kanssa solmitun sopimuksen puitteissa GreenStreamin ensisijaisena tehtävänä on tukea ministeriöitä valtion kahdenkeskisten Kioton projektimekanismien mukaisista JI- ja CDM-hankkeista syntyvien päästöyksiköiden kotiuttamisessa. Valtiolla on päästöyksiköiden ostosopimus 10 kahdenkeskisestä JI- tai CDM-hankkeesta sekä yhdestä neljän erillisen CDM-hankkeen kokonaisuudesta.

Tomas Otterström, joka johtaa GreenStreamin neuvonantopalveluita sekä ilmastosijoitusinstrumenttien kehittämistä ja hallinnointia, toteaa että sopimus merkittävällä tavalla laajentaa GreenStreamin yhteistyötä Suomen valtion kanssa. “Hiilirahastomme ja Suomen valtio ovat ostaneet päästövähennyksiä yhdessä eteläafrikkalaisista projekteista, minkä lisäksi olemme järjestäneet valtiolle pari päästöyksiköiden ostosopimusta Kiinasta. Olemme erittäin tyytyväisiä siitä luottamuksesta minkä valtio osoittaa valitsemalla meidät JI- ja CDM-hankkeidensa hoitajiksi”.

Neuvotteleva virkamies Juhani Tirkkonen työ- ja elinkeinoministeriöstä toteaa että GreenStream voitti avoimen tarjouskilpailun selvällä erolla muihin tarjoajiin. “Kaikilla hakijaorganisaatioilla oli kokemusta päästövähenemäprojektien projektihallinnasta. GreenStreamin kokemus oli kuitenkin tältä osin ylivertainen. GreenStreamin henkilöstö on kokonaisuudessaan Suomen oloissa harvinaisen vahva. GreenStreamin osaaminen sisältää kattavasti sekä CDM- ja JI-hankekokemusta että rahoitus- ja sopimusoikeusosaamista”.

Lisätietoja:

GreenStream Network Oyj, Tomas Otterström, varatoimitusjohtaja, +358 40 584 70 70

Työ ja elinkeinoministeriö, Juhani Tirkkonen, neuvotteleva virkamies, +358 50 365 3412

Tomas Otterström, who leads GreenStream’s advisory services as well as development and management of climate investment vehicles, says: the agreement significantly expands GreenStream’s cooperation with the State of Finland. “Our carbon funds and the State of Finland have co-purchased carbon credits from South African projects. In addition we have arranged a couple of purchase agreements for Finland in China. We are very pleased with the confidence in us which the State of Finland shows by entrusting us with the management of its JI and CDM project portfolio.”

Counsellor Juhani Tirkkonen at the Finnish Ministry of Employment and the Economy says that GreenStream won the open tender with a clear margin to the other service providers. “All applicants had experience in project management of emissions reduction projects, but GreenStream’s experience is superior to the others. GreenStream’s personnell is altogether exceptionally strong in the Finnish environment. GreenStream’s expertise includes both profound CDM and JI project experience as well as expertise in financing and legal agreements”.

GreenStream Network Plc, Tomas Otterström, Deputy CEO, +358 40 584 70 70

Finnish Ministry of Employment and the Economy, Juhani Tirkkonen, Counsellor, +358 50 365 3412

GreenStream, a leading Northern European company in the carbon and renewable energy markets, announces the establishment of the Fine Post-2012 Carbon Fund, the company’s second vehicle purchasing carbon emission reductions generated in 2013-2020. The investors in the new fund are energy companies EPV Energy, Kotkan Energia and Pori Energia, all investors in GreenStream’s Kyoto period carbon funds of which the Fine Carbon Fund is the first.

Tomas Otterström, who leads GreenStream’s development and management of climate investment vehicles, says: many companies have started to manage their post-2012 climate positions, either from a compliance perspective or for voluntarily neutralising their emissions. “The project portfolio of our Fine Carbon Fund generates a good share of post-2012 carbon credits, an opportunity which the mentioned investors in our Kyoto period carbon funds were keen to take. The Fine Post-2012 Carbon Fund thus builds on the Fine Carbon Fund serving the long-term carbon credit need of our current investors.”

According to Rami Vuola, CEO of the biggest investor EPV Energy, the investment in emission reductions through the fund is a part of the company’s overall strategy which aims at carbon neutral energy production. The company has also significant wind power, bioenergy and nuclear power programs, which aim at increasing renewable energy power production, reducing greenhouse gas emissions and replacing the use of fossil fuels with domestic fuels.

Otterström adds that GreenStream also manages another post-2012 carbon fund, the Climate Opportunity Fund, the second Tranche of which is open for new investors. The Climate Opportunity Fund provides carbon credit or cash return depending on each investor’s preferences and therefore serves both compliance buyers, actors voluntarily neutralising their emissions and financial investors.

For further information:

GreenStream Network Plc, Tomas Otterström, Deputy CEO, +358 40 84 7070

EPV Energy Ltd, Rami Vuola, CEO, +358 40 509 0044

GreenStream Network Plc announces the establishment of the Climate Opportunity Fund, a vehicle purchasing carbon emission reductions generated in 2013-2020. The fund focuses on emission reductions which can be used for compliance in the European Emissions Trading Scheme. The first investor to invest in the Climate Opportunity Fund is Rautaruukki Plc. The Climate Opportunity Fund offers investors an efficient and innovative way to invest in the carbon markets. Tomas Otterström, who leads GreenStream’s development and management of climate investment vehicles says: the need to decrease carbon emissions concerns an increasing number of actors. Many companies have started to manage their post-2012 climate positions, either from a compliance perspective or for voluntarily neutralising their emissions. The carbon and renewable energy markets also provide exciting new investment opportunities. “The Climate Opportunity Fund serves both compliance buyers, actors voluntarily neutralising their emissions and financial investors. Due to our Kyoto period carbon funds, we are in a good position to serve all of these needs. We have a wide project base and invite new investors to join the fund’s currently open tranche”. “With the Climate Opportunity Fund GreenStream now manages five own investment vehicles, which demonstrates the Company’s capability to deliver services which create significant “value-add” for our clients. The Climate Opportunity Carbon Fund is an important step in GreenStream’s growth strategy”, adds Jussi Nykänen, CEO of GreenStream.

For further information please contact:

GreenStream Network Plc
Tomas Otterström, Deputy CEO, tel. +358 40 584 7070, tomas.otterstrom@greenstream.net
Jussi Nykänen, CEO, tel. +358 40 840 8001,
jussi.nykanen@greenstream.net

Dr. Jussi Nykänen has been appointed as Chief Executive Officer of GreenStream Network Plc, the leading Northern European expert on carbon and renewable energy markets. Dr. Nykänen is one of the founding members of the Company. He continues to be a member of GreenStream’s Board of Directors. Minna Andberg has been appointed as Chief Financial Officer of GreenStream Network Plc and member of the Management Team as of 18.5.2009.

CarbonStream Africa, a new African-European CDM expert company, announced its international launch on Monday the 19th January 2009, in London. The company is a Joint Venture between the South African state owned company CEF Carbon SA (Pty) and the Nordic company GreenStream Network Plc. The company also builds on the excellent technical base in South Africa, with specialist consulting firms in South Africa working with the new JV.

CarbonStream Africa is an advisory company delivering comprehensive solutions and services for emission reduction projects, such as the Clean Development Mechanism (CDM) and Voluntary Offsetting.

The company is dedicated to help project developers both in Africa and on a global basis to optimize and secure the carbon revenue stream from emission reduction projects and taking the project through the entire process from creation to sale.

According to CEO Deven Pillay, CarbonStream Africa is an unique concept in the African CDM market and committed to contribute towards capacity building of CDM expertise in South Africa and Africa.

“Although lagging behind Asia and Latin America in terms of registered CDM projects, African nations are in a position to benefit from the rapid expansion of the global carbon markets and the increasing demand for Carbon Emission Reductions” says Pillay in a comment.

Our experts create value for our clients at every stage of the CDM/JI project process. We focus on high quality in the entire project management cycle and our multicultural team of experts ensures excellence in the project execution. The company brings international and local skills together, with the aim of accelerating CDM projects in South and Southern Africa. The company also has a substantial track record of PDD development, and Carbon consultancy and advisory services.

Arne Jakobsen of GreenStream Network and Board member of CarbonStream Africa says in a comment that “Norway and the Nordic countries and South Africa have for a long time had a close cooperation on energy related issues, and this cooperation is a fruit of a long term relationship”.

Located in South Africa CarbonStream Africa is strategically positioned in Africa with close way to the African carbon market. However we offer our services on a global basis, and have an experienced team with experts in the carbon markets and from emission reduction projects.

Contacts:
kristian.gautesen@carbonstreamafrica.com
nicole.algio@carbonstreamafrica.com