Taaleri SolarWind II fund invests in a ready-to-build solar PV
plant in Southern Spain with a capacity of 50 MWp
TAALERI PLC
PRESS RELEASE
15 NOVEMBER 2021 AT 11:00 (EET)
Taaleri SolarWind II fund invests
in a ready-to-build
solar PV plant
in Southern
Spain with a
capacity of 50
MWp
The Taaleri SolarWind II fund has acquired 100% ownership of the
Niebla solar plant, which is located in the Municipality of San
Juan del Puerto in Andalusia, approximately 70 km west of
Seville.
The solar PV plant will have an installed capacity of 50 MWp and
the annual production of electricity will be approximately 107 GWh.
The solar PV plant will produce enough electricity to supply around
28,000 households and will offset the equivalent of 36,500 tonnes
of carbon dioxide during each year of operation. Construction works
will start in December 2021 and the plant is expected to be fully
operational in the third quarter of 2022.
The Niebla solar plant was developed by Valfortec, a Spanish
developer, in co-operation with Taaleri Energia. The project has a
long-term financial power purchase agreement with Centrica Energy
Trading to manage the majority of the electricity produced. Project
financing will be provided by Banco Sabadell with the loan
qualifying as a green loan under the Loan Market Association’s
Green Loan Principles.
“We are very pleased with this investment. Spain has significant
solar resources and ambitious plans to increase the proportion of
solar generated power on the Spanish grid. Operating out of our
office in Madrid, we have been steadily building our market
understanding and developer network over the past three years and
we expect to continue to be an active investor in Spanish solar
projects”, said Taaleri Energia’s Investment
Director, Petri Isotalus.
“We are very excited to have been able to collaborate with
Taaleri Energia. Banco Sabadell has extensive experience in
financing renewable projects in the Iberian market, which we hope
to continue to share with Taaleri Energia in the future. Climate
change is one of the greatest risks we face nowadays and projects
such as these are crucial in order to transition towards a more
sustainable economy”, said Banco Sabadell’s Project Finance
Director, Roberto García Coria.
About the Taaleri SolarWind II fund
The Taaleri SolarWind II fund invests in utility-scale wind and
solar assets. The fund is investing in a diversified portfolio of
ready-to-build assets in five key markets; the Nordics &
Baltics, Poland, South East Europe, Iberia and Texas. It is
estimated that the fund will finance approximately 850 MW of
renewable energy capacity, which will offset over 1 million tonnes
of CO2 annually throughout the 25 year lifetime of the assets.
The fund’s investors include the European Investment Bank,
Ilmarinen Mutual Pension Insurance Company, Varma Mutual Pension
Insurance Company, the European Bank for Reconstruction and
Development, Obligo Global Infrastuktur II Fund, the Finnish Church
Pension Fund, the Nordic Environment Finance Corporation, the
Taaleri Group, the Taaleri Energia team and a wide range of pension
funds, foundations, endowments, and family offices.
About Taaleri Energia
Taaleri Energia is a renewable energy developer and fund
manager. With 40 professionals, Taaleri Energia has one of the
largest dedicated wind and solar investment teams in Europe. The
team is currently investing its fifth renewable energy fund, the
Taaleri SolarWind II fund, and has a 2.8 GW wind and solar
portfolio in Europe, the US, and the Middle East.
Taaleri Energia is ranked by Preqin as one of the most
consistent top performing infrastructure fund managers.
Taaleri Energia is part of the Taaleri Group, which is listed on
the Nasdaq Helsinki stock exchange.
www.taalerienergia.com/en
For more information, please contact:Petri
Isotalus, Investment Director, Taaleri Energia, +358 40 827 6516,
petri.isotalus@taaleri.comFrancisco Garcia Valverde, General
Manager Taaleri Energia Iberia, +34 669 851 060,
fran.valverde@taaleri.comStephen Ross, Head of Investor Relations,
Taaleri Energia, +358 40 7337789, stephen.ross@taaleri.com
Not for release, publication or distribution in or into the
United States or any other jurisdiction in which the release,
publication or distribution would be prohibited by applicable law
or would require registration or other measures to be taken.
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
are a signatory of the UN Principles for Responsible Investment
(UNPRI) since 2010. 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, bioindustry and infrastructure
businesses. The Strategic Investments segment includes Garantia
Insurance Company Ltd.
Taaleri has EUR 2.1 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
Siri Markula, Head of Communications and IR, tel. +358 40 743
2177, siri.markula@taaleri.com
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