Energy production plays a key role in the fight against climate change.

By switching to emission-free energy production alternatives, we can significantly reduce carbon dioxide emissions caused by energy production. Since the 1990s, wind power has been the world’s fastest-growing form of electricity production and, according to forecasts, by 2020 it is expected that most new energy production investments will be in renewable energy.

Taaleri’s second fund investing in wind power, Wind Power Fund II, was launched in May 2014, and was open for subscriptions for a year. The fund accumulated investment commitments worth approximately €84 million from a total of some 520 investors, and built eight wind farms in Finland, at Alavieska, Ii, Ylivieska, Kankaanpää, Karvia, Perho and Suomussalmi, which generated a total of 186.3 MW of wind power. The idea of the fund is not only good returns but also the fund’s wind farms impact the environment and society. The construction of wind farms creates jobs for residents living near the wind farms and provides tax receipts for local government. The positive environmental impact of the fund since its inception has been significant. Thanks to the wind farms built by the fund, emissions have already been reduced by a total of about 702,000 tonnes of carbon dioxide. These reductions are equivalent to the annual carbon footprint of approximately 70,000 Finns. At the same time, Finland’s self-sufficiency in energy is being increased and imports of electricity reduced.

The construction of the fund’s portfolio began with the Pajukoski wind farm in Ylivieska in December 2014 and ended with the Kivivaara-Peuravaara 2A wind farm in Suomussalmi in June 2016. By the end of 2018, the fund’s wind farms had generated 1,348,000 MWh of clean electricity.

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