Taaleri Solarwind Fund II

Location:

Regional

Project number:

50958

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval date:

11 Dec 2019

Status:

Signed

PSD disclosed:

04 Nov 2019

Translated version of this PSD: Polish

Project Description

Provision of an equity commitment of up to EUR 40 million in favour of Taaleri SolarWind II (the "Fund").

Project Objectives

The fund will make equity investments in utility scale solar and wind energy projects. The fund will invest primarily in greenfield and opportunistically in operational assets in Europe as well as selected other geographies globally. The EBRD will participate 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.

Transition Impact

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.

Client Information

TAALERI SOLARWIND II

EBRD Finance Summary

EUR 40,000,000.00

Total Project Cost

EUR 400,000,000.00

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

None.

Company Contact Information

Stephen Ross, Head of Investor Relations, Taaleri Energia
stephen.ross@taaleri.com
+358 40 733 7789
www.taalerienergia.com

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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