Landinfra Energy and Taaleri Energia partner for 1900 MW of solar and wind energy projects in Sweden
Nordic renewable energy developer Landinfra Energy announced a partnership with Finland-based investment and asset manager Taaleri Energia to jointly bring the necessary capabilities and financial strength to develop up to 1900 MW of solar and wind plus energy storage projects in Sweden.
This partnership is in line with Landinfra’s strategy to enable long-term investors the opportunity to enter renewable energy projects already at the development stage. As part of the agreement, Taaleri Energia will acquire 50% of the portfolio from Landinfra, who will retain the remaining 50%.
These projects will be part Taaleri Energia’s SolarWind III Fund. The first close of the SolarWind III Fund is expected to take place April-May 2023.
The portfolio comprises solar with energy storage projects totalling over 1100 MW and 800 MW of wind power and energy storage projects. A majority of the projects are located in SE4 region in Sweden, and the remaining in the SE3 region.
All projects are in development stage and the first projects could be commissioned in 2025, pending all required permits to be obtained.Once complete and in operation, the portfolio will have an investment volume beyond 1.5 billion Euro and will annually generate around 2.5 TWh of green energy to the Swedish energy system.
Currently, Landinfra holds a portfolio of beyond 4000 MW of renewable energy projects in development stage in the Nordics, and Taaleri Energia manage five private equity funds and have a 4.9 GW wind and solar portfolio in Europe, the US, and the Middle East.
Source: Press release by Landinfra.