Taaleri SolarWind III Fund acquired the project development portfolio from Taaleri Energia, Taaleri Group records a profit of approximately EUR 8 million

TAALERI PLC     INVESTOR NEWS                        5 JULY 2023 AT 17:00 (EEST)

Taaleri SolarWind III Fund acquired the project development portfolio from Taaleri Energia, Taaleri Group records a profit of approximately EUR 8 million

The Taaleri SolarWind III Fund has acquired the project development portfolio from Taaleri Energia. Taaleri Group records a profit of approximately EUR 8 million in the second quarter of the year. The sale includes the possibility of an earn-out when the Fund’s projects proceed.

The Taaleri SolarWind III Fund held a technical first close in order to continue to advance the Fund’s development projects. Taaleri Energia is continuing with the first fundraising round, and a formal first close announcement will be made in the near future.

For further information, please contact:
Peter Ramsay, CEO, Taaleri Group, +358 50 343 7493, peter.ramsay@taaleri.com

Taaleri in brief

Taaleri is a Nordic investment and asset manager with an emphasis on renewable energy and other alternative investments. We channel capital towards economically profitable undertakings that have a lasting positive impact on the environment and society. We have been a signatory of the UN Principles for Responsible Investment (UNPRI) since 2010, and we joined the Net Zero Asset Managers initiative in 2021. Taaleri’s vision is to be a Nordic forerunner in alternative investments focusing on sustainability.

Taaleri has two business segments: Private Asset Management and Strategic Investments. Private Asset Management consists of renewable energy, real estate and bioindustry businesses. The Strategic Investments segment includes Garantia Insurance Company Ltd.

Taaleri has EUR 2.5 bn of assets under management in its private equity funds and co-investments. The company has approximately 120 employees. Taaleri Plc is listed on Nasdaq Helsinki.

www.taaleri.com