Taaleri Energia has secured €44m in financing in order to build a portfolio of 20-30 wind and solar development projects across various target markets.
The markets are the Nordics and Baltics, Poland, south-east Europe, Spain, Portugal and Texas in the US.
These early-, mid- and late-stage development projects will provide Taaleri Energia Funds Management’s renewable energy funds with attractive investment opportunities.
Over the past decade Taaleri Energia has successfully developed 18 projects, in-house and together with local development partners.
The current Taaleri SolarWind 2 fund has, for example, invested in three Finnish wind farms (totalling 342MW) and a Texan wind farm (336MW) that were all developed in-house by the Taaleri Energia team.
The financing for this portfolio is provided by a European infrastructure debt specialist, two Finnish family offices and Taaleri Energia.
Taaleri Energia managing director Kai Rintala said: “With this funding we are doubling down on development.
“We have a large and experienced development team and an excellent track record over the past decade.
“We firmly believe that by entering into wind and solar projects at an earlier stage we not only secure better value investments and higher returns for our funds and investors, but also better quality projects, where we can control all of the critical elements for success.”