Taaleri Energia launches 6th renewable resource fund

• Helsinki-based renewables developer as well as fund manager Taaleri Energia on Thursday launched a new renewable energy mutual fund that will certainly have projects with a 3-GW capacity potential in its seed portfolio.

Referred To As Taaleri SolarWind III Fund, the new vehicle will certainly seek to acquire, create, contract, construct, operate and exit utility-scale onshore wind, solar and battery storage assets. It will concentrate on the Nordic and also Baltic markets, Poland, Southeastern Europe, Iberia as well as Texas.

The fund's very first close is anticipated to be achieved at the beginning of following year. It will target a 10% net inner price of return (IRR) over its 10-year term.

Taaleri SolarWind III Fund's seed portfolio will certainly contain 25-35 growth projects, which Taaleri Energia remains in the procedure of acquiring with EUR 44 million (USD 43.6 m) in growth funding it protected in 2021. The Finnish fund manager has thus far gotten 17 development projects for its new fund as well as has 15 more schemes in exclusivity.

Supplied that the projects in the seed portfolio end up being shovel-ready during the fund's financial investment duration, they will add 3 GW of power generation capacity with EUR 930 million in Fund as well as co-investor equity.

Taaleri SolarWind III Fund is Taaleri Energia's sixth renewable resource fund.