History of Aurora

2018

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July 2018

Completion of a long-term refinancing for a total amount of €310m ahead of new investments

2017

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Sept. 2017

Acquisition of AGA’s electricity network in Kilpilahti

2016

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Jan. 2016

Access Capital Partners and Pantheon Ventures come in as minority shareholders in Aurora

May. 2016

Business transfer: In-sourced Kilpilahti electrician resources + renegotiated O&M services offered by Neste

2015

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June 2015

Refinancing of Aurora Tornio Oy completed

Sept. 2015

Integration of Aurora Kilpilahti and Aurora Tornio completed under Aurora Infrastructure Oy*

*Formerly named RIG Financing Oy

2014

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Dec. 2014

Acquisition of Kilpilahti network company from Neste Corp.

  • In December 2014, InfraVia acquired Kilpilahden Sähkönsiirto Oy, today known as Aurora Kilpilahti Oy, from Neste Corp.: ​
  • Aurora Kilpilahti electricity grid serves the largest petrochemical area in the Nordics and annually distributes c. 1.8 TWh of power to private industrial off-takers
  • The asset is regulated by the Finnish Energy Authority under the Closed Network regime
2013

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Dec. 2013

Acquisition of Tornio network assets from Outokumpu

In December 2013, InfraVia acquired Röyttä Industrial Grid, subsequently renamed Aurora Tornio Oy, from Outokumpu

  • The network delivers c. 3.1 TWh of electricity per year​
  • Partnership model based on long-term contractual agreements