GreenStream Network establishes the Nordic Carbon Fund

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GreenStream Network, a leading Northern European company in the carbon and renewable energy markets, announces the establishment of the Nordic Carbon Fund, a vehicle purchasing carbon reductions primarily from Clean Development Mechanism (CDM) projects for its investors. The first investors to join the Nordic Carbon Fund are Ilmarinen Mutual Pension Insurance Company and GreenStream Network Plc. The vehicle has an investment capacity of up to 40 million euro.

Tomas Otterström, Deputy CEO in charge of development, sales and establishment of funds and other investment vehicles says: the carbon and renewable energy markets imply compliance needs but they also provide exciting new investment opportunities. “When we launched the Fine Carbon Fund last May, it created considerable interest among Nordic carbon market participants. The Nordic Carbon Fund, which serves both compliance buyers and financial investors, responds to that demand. We are continuously looking for opportunities to launch further investment vehicles and are in the process of introducing a fund focused on the post-2012 market. We are confident that there will be a market for carbon credits after 2012. Both companies and governments are buying – and there is a growing voluntary market”.

With the Nordic Carbon Fund GreenStream now manages four vehicles, which demonstrates the Company’s capability to deliver services which create significant “value-add” for our clients. The Nordic Carbon Fund is an important step in GreenStream’s growth strategy”, adds Kari Sinivuori, CEO of GreenStream.

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