HPP acted as Finnish counsel to OGCI Climate Investments, a growth investor in sustainable technologies, on its €8M investment into Norsepower Oy, the leading provider of low maintenance, software-operated, data-verified auxiliary renewable wind energy propulsion systems.
OGCI Climate Investments invested along with current investors, in order to accelerate Norsepower’s growth on global markets. The investment enables Norsepower to scale up production at its manufacturing facilities as part of a next phase of commercialisation triggered by demand for its renewable wind energy propulsion systems.
OGCI Climate Investments is a $1+ billion fund investing in technologies and business models which lower the carbon footprint of the energy and industrial sectors and their value chains. The fund was created by the CEOs of the Oil and Gas Climate Initiative to take practical action on climate change. Climate Investments invests in innovative companies that are ready to be commercialized and collaborates with global co-investors and industrials to achieve speed and scale.