03.12.2018
TAALERI PLC PRESS RELEASE 3 December 2018 14:00 EET
Taaleri Energia invests in a 23.4-MW wind farm in Sweden
Taaleri Energia is pleased to announce that it has reached financial close on its first wind farm investment in Sweden. This follows the acquisition of the project rights from a consortium of local developers. The Slageryd wind farm, with a total installed capacity of 23.4 MW, will consist of six 3.9-MW Nordex N131 turbines and will produce approximately 71 GWh of electricity per year. The project is estimated to decrease greenhouse gas emissions by 50,000 tonnes of carbon dioxide emissions each year.
Taaleri Energia will make the investment into the wind farm located in the municipality of Vetlanda, in southern Sweden, from the Taaleri SolarWind I Fund. The construction of the project will start immediately, and the wind farm is expected to reach full operations by year end 2019. BayWa r.e., a Munich-headquartered renewable energy company with a global footprint, will be delivering the turnkey wind farm under a fixed-price, date-certain contract. BayWa r.e. will also have a long-term day-to-day role in the operation of the wind farm post completion. The debt financing for the investment is being provided by Skandinaviska Enskilda Banken (SEB), a leading project finance provider in the Nordic region.
“Taaleri is delighted to make its first investment in Sweden and to be working together with BayWa r.e. and SEB,” said Taaleri Energia Managing Director Kai Rintala. “We view this investment in Sweden as the first of many more to come. As the largest private equity owner-operator of wind farms in Finland, with 110 turbines in operation, we are very comfortable with operating in the NordPool power market. Our investors also greatly appreciate the fact that we can structure Swedish wind power investments in Euros”
About Taaleri Energia
Taaleri Energia is one of the largest dedicated wind and solar investment teams in Europe. We develop, invest in and manage utility-scale wind and solar investments, primarily in Europe and the US.
Taaleri Energia invests on behalf of its private and institutional clients and is part of the Taaleri Group which is listed on the Nasdaq Helsinki stock exchange. Taaleri Group had EUR 6.0 billion of assets under management at the end of June 2018.
About the Taaleri SolarWind I Fund
Taaleri SolarWind I is an investment fund focused on predominantly greenfield utility-scale wind and solar investments in Europe and selected emerging markets.
About BayWa r.e.
BayWa r.e is a leading global developer, service supplier, wholesaler and energy solutions provider. Part of the €16 billion BayWa Group, every day BayWa r.e is working hard to find new solutions, push technological boundaries and actively shape the future of energy
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Additional information:
Managing Director Kai Rintala, Taaleri Energia, tel. 358 40 162 5711, kai.rintala@taaleri.com
Taaleri in brief
Taaleri is a Finnish financial service company, whose parent company Taaleri Plc is listed on Nasdaq Helsinki's main market. The Taaleri Group comprises three business areas: Wealth Management, Financing, and Energy. Taaleri provides services to institutional investors, companies and private individuals. The Group’s operational subsidiaries are: Taaleri Wealth Management Ltd and its subsidiaries, Taaleri Private Equity Funds Group, Taaleri Investments Group, Taaleri Energia Oy Group and Garantia Insurance Company Ltd. In addition, Taaleri has associated companies Fellow Finance Plc, which offers peer-to-peer lending services, Ficolo Oy developing data centers, and Turun Toriparkki Oy and Munkkiniemi Group Oy that are real estate project companies.
At the end of June 2018, Taaleri had assets under management totalling EUR 6.0 billion and 4,600 asset management customers. Taaleri Plc has some 4,100 shareholders. Taaleri’s operations are supervised by the Finnish Financial Supervisory Authority.
More information about our company and services:
www.taaleri.com/en
www.fellowfinance.fi/en
www.garantia.fi/en
Sophie Jolly, Head of Communications and IR, sophie.jolly@taaleri.com, tel. 358 40 828 7317