Taaleri to sell three wind farms in Oulu City

Funds managed by Taaleri have agreed to divest part of their wind farm investment portfolio by selling their shares in the Nyby and Myllykangas wind farms to a consortium of Korean institutional investors. This sale is expected to be completed in January 2020.

The wind farms, Nyby (8 turbines), Myllykangas I (19 turbines) and Myllykangas II (3 turbines), are co-located some 55 km north of the city of Oulu and have a combined production capacity of 73.2 MW.

The wind farms have been fully operational since 2015/2016 and together produce enough electricity to supply around 28,000 households and offset approximately 70,000 tonnes of CO2 a year.

Taaleri Energia will continue to manage the investments under a managed account agreement and will also continue as the Technical and Commercial Manager of the wind farms under the new owners.

The Korean investors, led by Hana Financial Investments and Korea Investment & Securities, are providing both the debt and equity for this transaction, investing via funds managed by NH Amundi and IBK Asset Management.

Scala Fund Advisory acted as a placement agent in this transaction.