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 third fund investing in wind power, Wind Power Fund III, was launched in summer 2016 and closed just a few weeks later when its targeted size had been reached. The fund accumulated investment commitments worth approximately €45 million from a total of some 240 investors.

The fund built 11 wind turbines (33 MW) at the Kivivaara-Peuravaara 2B wind farm in Hyrynsalmi. Construction work at the farm began in autumn 2016 and it began to generate electricity within one year. The idea of the fund is not only good returns but also the fund’s wind farm impacts the environment and society. The construction of the wind farm creates jobs for residents living near it and provides tax receipts for local government.

The environmental impact of the fund since its inception has been significant. Thanks to the wind farm built by the fund, emissions have already been reduced by a total of about 130,000 tonnes of carbon dioxide. These reductions are equivalent to the annual carbon footprint of approximately 13,000 Finns. At the same time, Finland s self-sufficiency in energy is being increased and imports of electricity reduced as, by the end of 2018, the Kivivaara-Peuravaara 2B wind farm had produced approximately 131,000 MWh of clean energy.

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