Taaleri Solarwind Fund II

Location:

Regional

Project number:

50958

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

11 Dec 2019

Status:

Concept Reviewed

PSD disclosed:

04 Nov 2019

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

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