Wind turbines owned by Taaleri Energia. Image by: Centrica plc.
The Taaleri SolarWind II fund of the energy unit of Finnish asset manager Taaleri Plc (HEL:TAALA) has invested in the Isoneva and Murtotuuli wind farm projects in Finland totalling 252 MW.
Taaleri said today that together with co-investors the fund has acquired 100% ownership of the wind farms, construction on both of which started in April.
The Isoneva wind farm, located in the municipality of Siikajoki, northwestern Finland, was developed by Taaleri Energia and Intercon Energy, while the Murtotuuli wind farm in the municipality of Posio, northern Finland, was developed in-house by the Taaleri Group.
Scheduled to be fully operational in the fourth quarter of 2022, the wind farms will feature a total of 42 Vestas V162-6.0 MW turbines and are expected to deliver a combined annual output of about 675 GWh. A substantial part of this output will be sold to Finnish energy company Suomen Voima under 15-year power purchase agreements (PPAs).
Taaleri Energia’s managing director Kai Rintala said the two wind farms are an excellent addition to the fund’s Nordic portfolio. “They are fully commercial, subsidy free, utilise the very latest wind turbine technology and demonstrate the value of our in-house project development, construction, technical and commercial management capabilities,” Rintala added.
Taaleri Energia Operations will provide engineering, procurement and construction (EPC) management services, as well as technical and commercial management services in the operational phase. Vestas will maintain the turbines over 35 years.
ING and Skandinaviska Enskilda Banken (SEB) have been mandated to arrange project financing for the investments, Taaleri said.
The Taaleri SolarWind II fund is investing in ready-to-build assets in the Nordics and Baltics, Poland, South East Europe, Iberia and Texas markets and is expected to finance about 850 MW of renewable energy capacity.