Taaleri Energia divests majority stakes in 336 MW Truscott-Gilliland East Wind Project in Knox County

Taaleri Energia has sold 93% of its US wind project, Truscott Gilliland East, to the Taaleri SolarWind II fund, AIP, Mutual Pension Insurance Company Ilmarinen, and Akuo Energy. Taaleri Energia will remain as a minority owner with a 7% equity stake in the project.

Taaleri Energia acquired its first US wind project in January 2018. The ready to build project has been developed in-house by Taaleri Energia following the acquisition from its development partner NorthRenew Energy.

Financing for the investment, in the form of tax equity, will be provided by BHE Renewables (a subsidiary of Berkshire Hathaway Energy) and construction financing by NORD/LB, Mizuho, Santander, and Societe Generale.

The wind farm is located in Knox County, Texas, and represents a 336 MW and US$450 million investment in the North American renewable energy sector. The wind farm will, when constructed, produce enough electricity to supply around 115,000 households and will offset the equivalent of 604,000 tonnes of carbon dioxide during each year of operation.