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The European Bank for Reconstruction and Development (EBRD) is exploring a possible equity commitment of up to EUR 100 million (USD 109.7m) to Taaleri Energia’s sixth renewable energy fund which targets utility-scale wind, solar and battery storage assets across Europe and the US.
A final decision on the investment is expected on June 28, 2023, a statement on the website of the financial institution showed on Monday.
If a positive ruling is made, EBRD’s participation will be solely focused on investments in the bank’s countries of operations to support the green economy transition by financing greenfield renewable energy projects. The countries that fall within the scope of the fund include Bulgaria, Croatia, Czech Republic, Estonia, Greece, Hungary, Latvia, Lithuania, Montenegro, Poland, Romania, Serbia, Slovak Republic and Slovenia.
Taaleri SolarWind III Fund was launched by the Helsinki-based renewables developer and fund manager in November. The investment vehicle will seek to raise EUR 600 million with its first close expected in the second quarter of 2023.
(EUR 1 = USD 1.097)
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