Taaleri SolarWind I Fund is Finland’s first international private equity fund investing in renewable energy, and the focus of its investments is on solar energy and wind power.

Taaleri SolarWind I Fund is Finland’s first international private equity fund investing in renewable energy, and the focus of its investments is on solar energy and wind power.

Taaleri’s response to the revolution in the global energy markets was to establish the SolarWind I fund, which was opened to investors in late 2016. Over a period of six months, the fund accumulated investment commitments worth approximately €87 million from a total of some 500 investors. The fund investors are predominantly Finnish institutional and HNW investors.

The Taaleri SolarWind I fund invested in wind and solar investments internationally. The SolarWind I is fully committed, and the investment period ended on January 31, 2019. The fund has acquired significant stakes in a 158 MW wind farm in Serbia, a 248 MWp solar plant in Jordan, a 23.4 MW ready-to-build wind farm in Sweden, and the fourth investment, a 14.4 MW ready-to-build wind farm in Sweden. All the projects are operational.

The fund has been closed and is no longer accepting new investors.

This financial product is labelled as an Article 9 product according to EU SFDR regulation (2019/2088) and has an objective of making sustainable investments. The “do no significant harm” principle applies to all investments underlying the financial product, as they take into account the EU criteria for environmentally sustainable economic activities.

Statement on principal adverse impacts of investment decisions on sustainability factors

The Taaleri SolarWind I fund invested in wind and solar investments internationally. The fund has made four investments;

Cibuk wind farm, Serbia

158 MW, 57 turbine wind farm in Serbia, the largest wind farm in the country (press release)

Baynouna solar project, Jordan

248 MWp solar power plant in Jordan, the largest solar plant in the country (press release)

 
Slageryd wind farm, Sweden

23.4 MW wind farm in Vetlanda, southern Sweden (press release)

Målajord wind farm, Sweden

14.4 MW wind farm in Växjö, southern Sweden (press release)