Provision of an additional equity commitment of up to EUR 40 million to increase the investment capacity of Taaleri SolarWind II (the "Fund") to which EBRD committed EUR 40 million in January 2020.
The Fund's strategy is to invest primarily in greenfield and opportunistically in operational assets in Europe as well as selected other geographies globally. EBRD participates solely in investments in the Bank's countries of operations ("CoOs"). The CoOs targeted by the Fund include Bulgaria, Croatia, Estonia, Greece, Hungary, Latvia, Lithuania, Montenegro, Poland, Romania and Serbia.
ETI score: 68
The EBRD's proposed investment will support the green economy transition across multiple EBRD CoOs by financing mainly greenfield renewable energy projects. The proposed investment is also expected to increase the availability of private equity capital for renewables financing in the region.
TAALERI SOLARWIND II SCSP-RAIF
The Fund and this additional commitment will be managed by Taaleri Energia Funds Management Oy, a Finnish limited liability company.
EBRD Finance Summary
Increasing the equity commitment of EUR 40 million by EUR 40 million, via a dedicated parallel vehicle, for a total commitment of up to EUR 80 million.
Total Project Cost
Environmental and Social Summary
Categorised FI (ESP 2014). The Fund will be required to comply with EBRD's Performance Requirements 2, 4 and 9, adopt and implement the EBRD's Environmental and Social Risk Management Procedures for Active Equity Funds and submit Annual Environmental and Social Reports to the Bank.
Technical Cooperation and Grant Financing
Company Contact Information
Stephen Ross, Head of Investor Relations, Taaleri Energia
+358 40 733 7789
PSD last updated
16 Feb 2022
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