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Taaleri SolarWind III Fund commitments reach $736m at final close
Yahoo Finance· 2026-01-08 14:59
Core Insights - Taaleri SolarWind III Fund has successfully closed with commitments totaling €630 million ($736.28 million), including €74 million in co-investments, marking a significant achievement for Taaleri Energia's sixth renewable energy fund [1] - The fund aims to invest in utility-scale onshore wind projects, solar parks, and battery energy storage systems (BESS), following a comprehensive value-add strategy throughout the project lifecycle [1] Investment Focus - The primary target markets for the fund include the Nordics, Poland, the Baltics, southeast Europe, and Spain, with additional investments planned for Texas [2] - To date, the fund has committed €360 million to 50 projects, which collectively have a capacity of 7GW [2] Project Developments - Key ongoing projects include a 36 MWh operational BESS in Finland, a 200 MWh BESS under construction in Texas, a 154 MW wind farm in Serbia, a 129 MW solar plant in Finland, a 112 MW wind project in Latvia, and a combined 45 MW wind and 36 MWh BESS facility in Lithuania [3] Investor Interest - The fund has attracted significant interest from a diverse range of institutional investors, nearly doubling the size of its predecessor, with new investors from various European countries [4] - Notable investors include Erste Group Bank, the European Bank for Reconstruction and Development, and several Finnish pension funds and family offices [5] Regulatory and Financial Support - Taaleri SolarWind III Fund is classified as an Article 9 fund under the Sustainable Finance Disclosure Regulation and receives support from the EU through the InvestEU Fund [5]