Taaleri’s SolarWind II reached final close with EUR354mn commitment

The Taaleri SolarWind II fund has exceeded its target size of EUR 300 million (USD362.77 million) with a final closing of EUR354 million (US$431.08 million) in total commitments. The fund’s anchor investors include the European Investment Bank, the European Bank for Reconstruction and Development, Varma Mutual Pension Insurance Company, and the Ilmarinen Mutual Pension Insurance Company.

The Taaleri SolarWind II fund invests in utility-scale wind and solar assets with a focus on a diversified portfolio of ready-to-build assets in five key markets- the Nordics & Baltics, Poland, southeast Europe, Iberia, and Texas. It is estimated that the 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.

The fund has already secured its first seven investments, representing a significant proportion of its committed capital, in ready-to-build wind farms in Finland (3), Norway, Texas, and Poland and in a ready-to-build solar farm in Spain. The three Finnish projects and the Texan project were all developed in-house.