Taaleri’s SolarWind II fund achieves EUR275m second close
The Taaleri SolarWind II fund, the fifth renewable energy fund managed by Taaleri Energia Funds Management, held a second closing in February 2020, with approximately EUR275 million (US$306.45 million) in commitments.
The second-close investors include the European Bank for Reconstruction and Development (EBRD), institutional and high net worth investors, the Taaleri Group and the Taaleri Energia team.
EBRD will commit 10% at each closing, up to a maximum of EUR 40 million (US$44 million), via a newly established parallel fund, the Taaleri SolarWind II CEE fund. This parallel fund will invest alongside the main fund in investments in the Baltics, Poland, and South-East Europe.
The Taaleri SolarWind II fund invests in utility-scale wind and solar assets. The fund will invest in a diversified portfolio of predominantly ready-to-build assets in Europe (c.80%) and in the US (c.20%). It is estimated that the Taaleri SolarWind II fund will finance approximately 850 MW of renewable energy capacity, which will offset over 1 million tonnes of CO2 annually throughout the 25+ year lifetime of the assets.
Taaleri Energia is part of the Taaleri Group.
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