Jan 9, 2026
SolarWind 3 fund reaches a final close of €630 million.
The Taaleri SolarWind 3 Fund has successfully closed with total commitments of €630 million, which includes €74 million in co-investments.
The fund employs a value-add strategy that encompasses the acquisition, development, contracting, construction, operation, and exit of onshore wind, solar, and battery energy storage assets across the Nordics, the Baltics, Poland, southeast Europe, Spain, and selectively Texas, as reported by the company.
To date, it has made investment commitments amounting to €360 million, which include 50 development-stage projects totaling 7GW as well as various BESS, wind, and solar investments in Finland, Texas, Serbia, Latvia, and Lithuania, according to Taaleri Energia.
Stephen Ross, head of investor relations at Taaleri Energia, stated, “We are thrilled by the significant interest the Taaleri SolarWind 3 Fund has garnered from a diverse group of institutional investors. The Fund is nearly twice the size of its predecessor and has welcomed new investors from Austria, Belgium, Bulgaria, Estonia, Finland, France, Romania, Spain, and Switzerland. We extend our sincere gratitude to all new and returning investors for their support.”
Kai Rintala, managing director at Taaleri Energia, added, “We value the confidence our investors have in us and are pleased with how we have executed the Fund's strategy so far. We have a robust development portfolio that reassures us about our capability to keep investing in appealing construction projects.”
Investors in the fund include Erste Group Bank AG, the European Bank for Reconstruction and Development, the European Investment Fund, Ilmarinen Mutual Pension Insurance Company, KBC Verzekeringen, SmartCap, Varma Mutual Pension Insurance Company, VBV Pensionskasse, and other European institutional investors.
Finnish pension funds, foundations, endowments, family offices, and individuals also invest through a fund managed by Aktia Bank.
The fund is categorized as Article 9 under the Sustainable Finance Disclosure Regulation (SFDR) and receives backing from the European Union through the InvestEU Fund, as well as from SmartCap’s Green Fund, financed by EU NextGenerationEU Recovery and Resilience Facility funds.
The fund employs a value-add strategy that encompasses the acquisition, development, contracting, construction, operation, and exit of onshore wind, solar, and battery energy storage assets across the Nordics, the Baltics, Poland, southeast Europe, Spain, and selectively Texas, as reported by the company.
To date, it has made investment commitments amounting to €360 million, which include 50 development-stage projects totaling 7GW as well as various BESS, wind, and solar investments in Finland, Texas, Serbia, Latvia, and Lithuania, according to Taaleri Energia.
Stephen Ross, head of investor relations at Taaleri Energia, stated, “We are thrilled by the significant interest the Taaleri SolarWind 3 Fund has garnered from a diverse group of institutional investors. The Fund is nearly twice the size of its predecessor and has welcomed new investors from Austria, Belgium, Bulgaria, Estonia, Finland, France, Romania, Spain, and Switzerland. We extend our sincere gratitude to all new and returning investors for their support.”
Kai Rintala, managing director at Taaleri Energia, added, “We value the confidence our investors have in us and are pleased with how we have executed the Fund's strategy so far. We have a robust development portfolio that reassures us about our capability to keep investing in appealing construction projects.”
Investors in the fund include Erste Group Bank AG, the European Bank for Reconstruction and Development, the European Investment Fund, Ilmarinen Mutual Pension Insurance Company, KBC Verzekeringen, SmartCap, Varma Mutual Pension Insurance Company, VBV Pensionskasse, and other European institutional investors.
Finnish pension funds, foundations, endowments, family offices, and individuals also invest through a fund managed by Aktia Bank.
The fund is categorized as Article 9 under the Sustainable Finance Disclosure Regulation (SFDR) and receives backing from the European Union through the InvestEU Fund, as well as from SmartCap’s Green Fund, financed by EU NextGenerationEU Recovery and Resilience Facility funds.