Green Stream closes EUR 5.4 million financing round
Finnish cleantech company Green Stream has closed a round of joint equity and debt financing.
The total financing amounts to 5.4 million euros, of which four million is for its mother company, Green Stream Network.
This capital boost will enable Green Stream to continue the dynamic growth of its energy efficiency business in China.
The financing comes from cornerstone shareholder Nordic Environment Finance Corporation (NEFCO) and Ilmarinen Mutual Pension Insurance Company.
“We are very pleased to now become a shareholder in Green Stream which will enable us to strengthen our fruitful cooperation and influence new investments in Chinese energy efficiency projects,” says NEFCO’s senior financial manager Thor Thorsteinsson.
The direct financing of 1.4 million euros for Green Stream’s China business consists of FinnFund increasing their investment in Green Stream’s subsidiary Green Stream Energy Efficiency Investments (GEEI) in Hong Kong. Also Shanghai Pudong Development Bank has granted a loan to GEEI’s subsidiary in Shanghai, Free Trade Zone.
Looking for more good news? Subscribe to our newsletter