Skip to main content

Taaleri Energia successfully exits its first wind project in the U.S.

Written by Customer Service on . Posted in Public Companies.

TAALERI PLC STOCK EXCHANGE RELEASE 16 JUNE 2020 AT 19.30 EETTaaleri Energia successfully exits its first wind project in the U.S.Taaleri Energia has sold 93% of its U.S. wind project, Truscott Gilliland East, to the Taaleri SolarWind II fund, AIP, Mutual Pension Insurance Company Ilmarinen and Akuo Energy. Taaleri Energia will remain as a minority owner with a 7% equity stake in the project. The transaction will not have a result impact on the January-June 2020 result as the profit impacts from the project will be booked later. Taaleri Plc’s guidance, given 17 April 2020, for January-June 2020 is unchanged.Taaleri Energia acquired its first U.S. wind project in January 2018.  The ready to build project has been developed in-house by Taaleri Energia following the acquisition from its development partner NorthRenew Energy.Financing for the investment, in the form of tax equity, will be provided by BHE Renewables (a subsidiary of Berkshire Hathaway Energy) and construction financing by NORD/LB, Mizuho, Santander and Societe Generale.The wind farm is located in Knox County, Texas, and represents a 336 MW and USD 450 million plus investment in the North American renewable energy sector. The wind farm will, when constructed, produce enough electricity to supply around 115,000 households and will offset the equivalent of 604,000 tonnes of carbon dioxide during each year of operation.About Taaleri Energia
Taaleri Energia is a Helsinki based renewable fund manager and developer and is part of Taaleri Group. Taaleri Energia has one of the largest dedicated wind and solar investment teams in Europe. Taaleri Energia currently manages a 1.6 GW portfolio of wind and solar assets and is also the largest private equity owner-operator in the Finnish wind market, with 116 turbines producing approximately 1.4% of all the country’s electricity. Taaleri Energia is part of the Taaleri Group, which is listed on the Nasdaq Helsinki stock exchange.www.taalerienergia.comTaaleri Plc
CommunicationsFor more information, please contact:
Robin Lindahl, CEO, Taaleri Plc, tel. +358 50 595 9616, robin.lindahl@taaleri.com
Minna Smedsten, Chief Financial Officer, Taaleri Plc, tel. +358 40 700 1738, minna.smedsten@taaleri.com
Kai Rintala, Managing Director, Taaleri Energia, tel. +358 40 162 5711, kai.rintala@taaleri.comTaaleri in brief
Taaleri is a Finnish financial services company, whose parent company, Taaleri Plc, is listed on Nasdaq Helsinki main market. The Taaleri Group comprises three business areas: Wealth Management, Financing, and Energy. In addition, the Group makes investments from its own balance sheet.  At the end 2019, Taaleri had assets under management totalling EUR 7.1 billion and 5,500 wealth management customers. Taaleri Plc has some 4,700 shareholders. Taaleri’s operations are supervised by the Finnish Financial Supervisory Authority.More information about our company and services: www.taaleri.com/en
www.taalerivarainhoito.com/en
www.taalerienergia.com
www.taalerikapitaali.com/en
www.garantia.fi/enSophie Jolly, Head of Communications and IR, tel. +358 40 828 7317, sophie.jolly@taaleri.com
  

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.