GreenStream is leading the way in green investments. Established in Finland in 2001, GreenStream is a pioneer in the green investment sector operating offices across Europe and in China.
GreenStream develops, establishes and manages funds and other investment vehicles that invest in renewable energy and emission reduction projects. GreenStream has exceptional expertise in climate markets and mechanisms, including Joint Implementation and the Clean Development Mechanism projects under the Kyoto Protocol.
“It is essentially about financing projects”
Jussi Nykänen, CEO, explains, “I have learned that what makes a difference is linking financing to policy. Technology doesn’t help if nobody uses it and a policy doesn’t help if nobody invests in implementing it. It all comes down to financing projects.” Building on the experience gained from working with the World Bank and other financial institutions, GreenStream has launched five own funds, and partnered with the European Bank for Reconstruction and Development and the European Investment Bank to operate their Multilateral Carbon Credit Fund initially in Russia, Ukraine, Belarus and Kazakhstan and later also in the Baltic States.
One of GreenStream’s specialities is to promote investments in small scale energy projects. Jussi Nykänen explains, “We realised that in order to make small-scale environmental projects move forward, someone has to combine the small projects into a larger package in order to attract financing. We help developers of small to medium-sized power production facilities in getting from nowhere to the marketplace.”
Growth means internationalisation
GreenStream works closely with for example Cleantech Finland and TEKES (the Finnish funding agency for technology and innovation) for encouraging smaller Finnish cleantech companies to expand beyond Finland’s borders. “The markets for cleantech companies are global in the same way as GreenStream’s markets. We have successfully grown our business to cover local presence in eight countries and are looking for large growth in China, where we are involved in a considerable number of projects. We want to share this knowhow with other companies targeting growth,” Jussi Nykänen says. He adds that GreenStream is committed to helping to brand Finland internationally as a place that creates technologies that make life easier.
GreenStream‘s turnover was about €8 million in 2009 and the company manages over €150 million in assets in its funds, with a total investment capacity of around €250 million. Jussi Nykänen says, “Over the next few years, we intend to multiply the current assets of our funds to 3-4 -fold the current volume. The markets are booming and investors are increasingly interested in renewable energy and emission reduction project opportunities.”