EBRD backs Taaleri fund to deploy 800 MW of renewables

The European Bank for Reconstruction and Development (EBRD) has committed to investing up to EUR 100 million (USD 109.4m) in a fund being raised by Taaleri Energia to help it advance the deployment of 800 MW of new renewable energy across countries targeted by the lender.

The investment will go to Taaleri SolarWind III, the Finnish renewables developer and fund manager’s sixth renewable energy fund which recently had its second closing. It will be exclusively directed to greenfield projects in countries where the bank invests.

Taaleri SolarWind III seeks to raise EUR 600 million, with a hard cap set at EUR 900 million. The fund is focused on investing in onshore wind, photovoltaic solar and energy storage projects across Europe and the US.

The European financial institution has previously backed the Helsinki-based firm’s Taaleri SolarWind II fund and directly supported and co-financed Taaleri-operated renewable energy projects in the EBRD regions.

(EUR 1 = USD 1.095)

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