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EU supports Etha’s development project aiming at building Transaction business

The aim of the development project NextGear is to build Etha Oy’s transaction advisory business as a key growth driver for 2024–2028. The project focuses on recruiting senior transaction expertise, building a dedicated team, and increasing market visibility. The goal is to achieve a leading market position in Finland and expand transaction services to Sweden and the Baltics.

Etha Oy has a long history of developing wind power projects and offering consultancy services in the wind power sector and gaining vast references also in the photovoltaics sector at the moment. The knowledge we have gained during the years is highly valuable for our customers when being their advisor in transactions. Since we have been managing transactions in small scale already for several years, it would now be time to enter the market on a bigger scale.

In autumn 2023, Etha Oy finalized its strategy for 2024–2026, emphasizing growth and the enhancement of its existing services. The transaction business is positioned as a central element for future expansion, given the broad opportunities across all project phases and attractive market conditions. To support this, Etha Oy is strengthening its transaction capabilities with the help of the development project NextGear which is supported by EU’s Just Transition Fund (JTF).

The transaction market continues to show strong potential, driven by new energy solutions such as offshore wind, solar PV, and hydrogen. Etha Oy’s expertise and the favorable market environment present significant opportunities for continued growth. Enhancing transaction services will help lower barriers for new market participants and contribute to expanding renewable energy capacity across Europe.

By 2025, Etha Oy aims to hold a significant share of wind and solar transactions in Finland and begin activity in Sweden and the Baltics. By 2028, the company aspires to be Finland’s market leader, with a recognized presence among investors across Europe and beyond.

The EU’s contribution to the NextGear development project is 91 997 €.

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