Taaleri SolarWind III Fund secures EUR286mn first close

The Taaleri SolarWind III Fund, Taaleri Energia’s sixth renewable energy fund, has held a first closing, with approximately EUR286 million in commitments. The Fund's investment strategy is to acquire, develop, contract, construct, operate, and exit a portfolio of utility-scale onshore wind farms, photovoltaic solar parks, and battery storage assets across target markets in the Nordics & Baltics, Poland, Southeast Europe, Spain, and Texas.

The first-close investors include the Aktia Aurinkotuuli III Fund, the European Investment Fund, Varma Mutual Pension Insurance Company, Taaleri, and the Taaleri Energia team. Finnish pension funds, foundations, endowments, family offices, and individual investors were particularly strong supporters of the Fund, investing through the Aktia Aurinkotuuli III Fund. With a significant number of investors in active due diligence, it is expected that there will be continued strong demand in future closings.

The Fund is classified as dark green, i.e. an Article 9 fund under the EU Sustainable Finance Disclosure Regulation. The Fund only makes sustainable investments in projects that contribute substantially to climate change mitigation. The Fund also reports extensively on the sustainability impact of its investments.