Taaleri SolarWind III Fund commitments reach $736m at final close

The Taaleri SolarWind III Fund commitments person reached a last adjacent of €630m ($736.28m), including €74m successful co-investment commitments, marking a cardinal milestone for Taaleri Energia’s sixth renewable vigor fund.

The money volition put successful utility-scale onshore upwind projects, star parks and artillery vigor retention strategy (BESS) assets.

It follows a value-add strategy that covers the afloat task beingness cycle, from acquisition and improvement done contracting, construction, operations and eventual exit.

Its superior absorption markets are the Nordics, Poland, the Baltics, south-east Europe and Spain, with prime allocations besides planned for Texas.

The money has committed a full of €360m successful investments to date.

This magnitude covers 50 wind, star and BESS projects, representing a combined capableness of 7GW.

Key projects comprise a 36 megawatt-hour (MWh) operational BESS successful Finland and a 200MWh BESS presently being built successful Texas.

Additional developments see a 154MW upwind workplace successful Serbia, a 129 megawatt-peak star works successful Finland, a 112MW upwind task successful Latvia, and a combined 45MW upwind and 36MWh BESS installation successful Lithuania, each nether construction.

The money is scheduled to beryllium afloat deployed implicit the adjacent 18–24 months.

Taaleri Energia capitalist relations caput Stephen Ross said: “We are delighted by the beardown involvement the Taaleri SolarWind III Fund has attracted from a wide scope of organization investors. At astir doubly the size of its predecessor, the Fund welcomed caller investors from Austria, Belgium, Bulgaria, Estonia, Finland, France, Romania, Spain and Switzerland.”

The fund’s investors see Erste Group Bank, the European Bank for Reconstruction and Development, the European Investment Fund, Ilmarinen Mutual Pension Insurance Company, KBC Verzekeringen (together with EIF), SmartCap, Varma Mutual Pension Insurance Company, VBV Pensionskasse, and different organization investors successful Europe.

Finnish pension funds, endowments, foundations and household offices, on with idiosyncratic investors, besides correspond an important portion of the capitalist group, investing via an Aktia Bank-managed fund.

Taaleri SolarWind III Fund is designated arsenic an Article 9 money nether the Sustainable Finance Disclosure Regulation.

It besides receives backing from the EU done the InvestEU Fund, and SmartCap’s Green Fund is financed by the EU’s NextGenerationEU Recovery and Resilience Facility.

"Taaleri SolarWind III Fund commitments scope $736m astatine last close" was primitively created and published by Power Technology, a GlobalData owned brand.

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