By Staff
The Public Sector Pension Investment Board is selling its stake in Havfram, an international offshore wind infrastructure company that it owns in partnership with private investment firm Sandbrook Capital, which focuses on building leading climate infrastructure companies.
The investment organizations jointly created Havfram in 2022 to provide critical offshore wind installation capacity to the world’s leading energy companies, according to a press release. The transaction, valued at approximately €900M, is expected to close by the end of April 2025, subject to customary closing conditions, noted a press release.
“Our investment in Havfram reflects our broader capabilities and commitment to invest in assets essential to the renewables value chain, while generating strong risk-adjusted returns,” said Sandiren Curthan, PSP Investments’ managing director and global head of infrastructure investments, in the release. “We are proud to have partnered with Sandbrook Capital and with the Havfram team to build a fleet of next generation WTIVs.”
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