Taaleri Energia fund buys 34-MW wind project in Norway

Wind farm in Norway. Author: John Christian Fjellestad. License: Creative Commons, Attribution 2.0 Generic

September 12 (Renewables Now) - Finnish renewable energy developer Taaleri Energia Ltd said on Thursday it has acquired, through its latest fund, a 34-MW wind farm project in Norway for an undisclosed sum.

This is the second deal for the Taaleri SolarWind II and follows the purchase in July of the 91-MW Oltava wind farm in Finland, completed together with co-investors.

Through the new deal, Taaleri SolarWind II has become owner of the Haram wind project in More og Romsdal county, western Norway, which will soon enter construction and is planned to be commissioned in the first quarter of 2021. The scheme was developed by Zephyr, which will serve as construction management consultant and deliver technical and commercial management during the plant’s operational phase.

The proposed wind farm will be powered by eight Vestas 4.2-MW turbines with an expected combined annual output of around 112 GWh. The generated electricity will be enough to cover the demand of about 7,000 homes and will mitigate 14,000 tonnes of carbon dioxide (CO2) emissions per year.

Taaleri Energia will take care of the data monitoring and analytics of the wind farm’s production, while Denmark’s Vestas Wind Systems (CPH:VWS) will maintain the power plant under a 27-year contract. 

The energy unit of Finnish wealth manager Taaleri Plc (HEL:TAALA) expects to finance some 850 MW of renewables projects through the SolarWind II Fund, specifically utility-scale wind and solar assets in Europe (80%) and the US (20%). The fund achieved a EUR-220-million (USD 242.6m) first close in July.

(EUR 1.0 = USD 1.103)

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