Taaleri Energia’s Taaleri SolarWind 1 fund has started construction work on the Malajord wind farm project in southern Sweden.
The 14.4MW Malajord wind farm is due online in the third quarter of 2021.
It will feature three Nordex N149 turbines and will produce around 50 gigawatt hours of energy annually. Nordex will be responsible for maintaining the turbines under a 25-year contract.
The project was developed by and co-optimised with BayWa, which is also providing engineering, procurement and construction management services plus technical and commercial management services.
The project continues Taaleri Energia’s existing collaboration with BayWa, which started with the SolarWind 1 fund’s previous Swedish investment, the 23.4MW Slageryd wind farm located 40km from Malajord site.
Taaleri Energia managing director Kai Rintala said: “We are very satisfied with the final investment from the Taaleri SolarWind I fund.
“This relatively small wind farm in Sweden is an ideal fit with the existing portfolio and the fund now has all of its assets either under construction or in operation.”
The fund has invested in four utility-scale wind and solar projects in Europe and internationally and is now fully invested.
The Taaleri SolarWind 2 fund invests in utility-scale wind and solar assets and these will comprise a diversified portfolio of predominantly ready-to-build assets in Europe (80%) and the US (20%).
Taaleri SolarWind 2 will finance approximately 850MW of renewable energy capacity. Its first close investors include the European Investment Bank, Ilmarinen Mutual Pension Insurance Company, Varma Mutual Pension Insurance Company, Taaleri Plc, the Taaleri Energia team and pension funds and other private investors.