Nordhaven advised Fenniarail on its continuing green transition via new electric locomotives

18 mar 2024

Fenniarail Oy is a private freight transport company which operates on the Finnish railway network. It has seven line locomotives and 22 leased wagons, as well as wagons owned by its customers. Fenniarail's capacity is fully utilized, and to meet its robust client demand, the company has ordered two new Vectron electric locomotives from Siemens Mobility GmbH. The Vectron's energy efficiency and operating flexibility is top-notch: the locomotive regenerates electricity during braking, it has "last mile" diesel units for use during, for example, wagon transfers on non-electrified loading tracks, and its radio remote-control system enables independent shunting without a separate shunting locomotive. Nordhaven advised Fenniarail on the locomotives' senior debt financing.

"The Vectron locomotive's performance, energy efficiency, and zero emissions during electric use are important factors to our industrial clients, who are seeking emissions reductions in their logistics. With the new electric locomotives we will be able to diversify the Finnish railway market with a competitive and environmentally friendly alternative. Nordhaven supported us on debt financing and we are very satisfied on their performance," says Lauri HelkeManaging Director of Fenniarail.

For further information:

Martti Purhonen, martti.purhonen@nordhaven.com, +358 45 616 1551

Ari Leppänen, ari.leppanen@nordhaven.com, +358 40 525 9241

Ville Kangas, ville.kangas@nordhaven.com, +358 40 825 0717

Ville Vaskonen, ville.vaskonen@nordhaven.com, +358 50 356 9390

 

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