Taaleri closes 6th renewable energy fund at EUR 630m

Helsinki-based renewables developer and fund manager Taaleri Energia today said it has reached a final close for its sixth renewable energy fund, securing EUR 630 million (USD 735.8m) in total commitments.

Taaleri SolarWind III Fund has attracted new investments from banks, pension funds, foundations, endowments, family offices and individual investors. The list of its backers includes Erste Group Bank AG, the European Bank for Reconstruction and Development (EBRD), the European Investment Fund, Ilmarinen Mutual Pension Insurance Company, VBV Pensionskasse and others.

“At almost twice the size of its predecessor, the Fund welcomed new investors from Austria, Belgium, Bulgaria, Estonia, Finland, France, Romania, Spain, and Switzerland,” said Stephen Ross, head of investor relations at Taaleri Energia, adding that the fund has built a strong development portfolio.

Taaleri SolarWind III Fund was launched in 2022 to invest in utility-scale onshore wind, solar and battery storage assets in the Nordic, the Baltics, Poland, Southeastern Europe, Spain and select US regions. With first and second closings in 2023 and 2024, respectively, it has spent EUR 360 million to date and is expected to be fully invested in the next 18-24 months.

The fund’s investments include 7 GW of wind, solar and BESS development-stage projects and a range of under-construction sites.

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