Taaleri SolarWind III Fund reaches final close at EUR 630 million
TAALERI PLC | INVESTOR NEWS | 8 JANUARY 2026 AT 11:00 (EET)
Taaleri SolarWind III Fund reaches final close at EUR 630 million
The Taaleri SolarWind III Fund, Taaleri Energia’s sixth renewable energy fund, has reached final close with EUR 630 million in total commitments (including EUR 74 million in co-investment commitments).
The Fund has a value-add investment strategy to acquire, develop, contract, construct, operate and exit a portfolio of utility-scale onshore wind farms, solar parks and battery energy storage system (BESS) assets. The Fund’s main target markets are the Nordics, the Baltics, Poland, Southeast Europe and Spain, with selective investments in the United States (Texas).
The Fund has to date made investment commitments totalling EUR 360 million, including:
- 50 development stage wind, solar and BESS projects (7 GW)
- BESS, Finland (36 MWh, operational)
- BESS, Texas (200 MWh, under construction)
- Wind, Serbia (154 MW, under construction)
- Solar, Finland (129 MWp, under construction)
- Wind, Latvia (112 MW, under construction)
- Wind + BESS, Lithuania (45 MW + 36 MWh, under construction)
The Fund is expected to be fully invested in the next 18-24 months.
“The Taaleri SolarWind III fund has reached its original target size and reinforced its position as Finland’s largest private equity fund investing in infrastructure. I am particularly pleased with the fund’s strong performance in the current challenging fundraising environment,” says Ilkka Laurila, CEO of Taaleri Plc.
“We are delighted by the strong interest the Taaleri SolarWind III Fund has attracted from a broad range of institutional investors. At almost twice the size of its predecessor, the Fund welcomed new investors from Austria, Belgium, Bulgaria, Estonia, Finland, France, Romania, Spain, and Switzerland. We sincerely thank all new and returning investors for their commitments,” says Stephen Ross, Head of Investor Relations, Taaleri Energia.
“We appreciate the trust placed in us by our investors and we are pleased with our execution of the Fund strategy thus far. Looking forward, the Fund has a strong development portfolio that gives us confidence in our ability to continue to invest in attractive construction projects,” says Kai Rintala, Managing Director, Taaleri Energia.
The Fund’s investors include Erste Group Bank AG, the European Bank for Reconstruction and Development, the European Investment Fund, Ilmarinen Mutual Pension Insurance Company, KBC Verzekeringen (in partnership with EIF), SmartCap, Varma Mutual Pension Insurance Company, VBV Pensionskasse, and other European institutional investors.
Finnish pension funds, foundations, endowments, family offices and individual investors are also strong supporters of the Fund, investing through a fund managed by Aktia Bank.
The Fund is classified as an Article 9 fund under the Sustainable Finance Disclosure Regulation (SFDR). The Fund benefits from support from the European Union under the InvestEU Fund and SmartCap’s Green Fund is financed by the European Union NextGenerationEU Recovery and Resilience Facility funds.
For more information, please contact:
Ilkka Laurila, CEO, Taaleri Plc, +358 40 076 1360, ilkka.laurila@taaleri.com
Kai Rintala, Managing Director, Taaleri Energia, +358 40 162 5711, kai.rintala@taaleri.com
Distribution:
Nasdaq Helsinki
Principal media
taaleri.com
About Taaleri
Taaleri is a specialist in investments, private asset management and non-life insurance, powering change with capital. We are a frontrunner in renewable energy, bioindustry and housing investments as well as credit risk insurance. We create value by combining extensive know-how, deep expertise, entrepreneurship and capital through both funds under management and direct investments. We work in close cooperation with our credit risk insurance customers and partners.
Taaleri has three business segments: Private Asset Management, Garantia and Investments. The Private Asset Management segment includes the renewable energy, bioindustry and real estate businesses. The Garantia segment consists of Garantia Insurance Company. The Investments segment comprises development capital and other direct investments.
Taaleri has EUR 2.7 bn of assets under management in its private equity funds, co-investments and single-asset vehicles. The company employs approximately 130 people. Taaleri Plc is listed on Nasdaq Helsinki.
Linda Tierala, Head of Investor Relations, Communications and Sustainability, +358 40 571 7895, linda.tierala@taaleri.com