Taaleri Energia has secured EUR 44 million in financing in order to build a portfolio of 20-30 wind and solar development projects across its target markets of the Nordics & Baltics, Poland, South East Europe, Iberia and Texas. These early-, mid- and late-stage development projects will provide Taaleri Energia Funds Management’s renewable energy funds with attractive investment opportunities.
Taaleri Energia has a dedicated development team and a long and successful track record in wind and solar development. Over the past decade Taaleri Energia has successfully developed 18 projects, in-house and together with local development partners. The current Taaleri SolarWind II fund has, for example, invested in three Finnish wind farms (totaling 342 MW) and a Texan wind farm (336 MW) that were all developed in-house by the Taaleri Energia team.
The financing for this portfolio is provided by a European infrastructure debt specialist, two Finnish family offices and Taaleri Energia.
“With this funding we are doubling down on development. We have a large and experienced development team and an excellent track record over the past decade. We firmly believe that by entering into wind and solar projects at an earlier stage we not only secure better value investments and higher returns for our funds and investors, but also better quality projects, where we can control all of the critical elements for success”, said Taaleri Energia’s Managing Director, Kai Rintala.
