Finnish developer Taaleri Energia has completed €287m refinancing with UniCredit for a 211MW portfolio of onshore wind farms in Finland.
The portfolio is owned by the Taaleri Wind 2 and Taaleri Wind 3 funds and Loiste Energia.
The Taaleri Energia wind funds were established in 2014 and 2016 respectively and together they have invested in eight onshore wind farms.
Taaleri Energia said the refinancing has further enhanced the value of the investments by replacing the existing individual project financing packages and realising the benefits of a portfolio refinancing.
The company said that the new loan qualifies as a green loan under the Loan Market Association’s Green Loan Principles.
Taaleri Energia managing director Kai Rintala said: “We are delighted with the outcome of this refinancing which has significantly enhanced returns for our investors.”
UniCredit global head of infrastructure and power project finance Matteo Pietropoli said: “We are proud to be part of this deal, which both evidences UniCredit’s capabilities in sustainability-linked lending and our enduring commitment to the financing of renewable investments.
“I would like to thank Taaleri Energia for their trust and look forward to continue supporting them in the future.”