TAALERI PLC       INVESTOR NEWS              8 FEBRUARY 2023 AT 15:45

Finland’s largest wind power producer Taaleri expands its business to energy storage systems

Finland’s largest wind power producer Taaleri expands its business to energy storage systems. Taaleri’s renewable energy business Taaleri Energia is investing in a 30 MW / 36 MWh battery energy storage system in Lempäälä, some 25 kms south of Tampere. The facility will be one of the largest battery energy storage systems operating in the Finnish frequency reserve market. The capacity of the system has the potential to be doubled in the future.

The battery energy storage facility will support the balancing of production and consumption in the main grid by participating in Fingrid’s reserve market. The developer of the project is Merus Power, and they are also responsible for the turnkey delivery of the energy storage system.

Taaleri recently strengthened its expertise in energy storage systems with the recruitment of Ville Rimali in January 2023. Rimali previously worked in the energy storage business at Wärtsilä.

“Renewable energy is the only sustainable way out from the current energy crisis and to achieve global climate targets. Storage facilities are needed in order to further increase the share of renewable energy in the electricity grid,” said Ville Rimali, Investment Director, Energy Storage at Taaleri Energia.

The investment in Lempäälä is part of the development seed portfolio that Taaleri Energia has assembled for its next fund, the Taaleri SolarWind III Fund. The fund will acquire the portfolio after the first close, which is expected to take place in Q2 2023. The SolarWind III Fund will continue to look at battery energy storage investment opportunities across its target markets during its investment period.

Taaleri SolarWind III Fund will be classified as dark green, i.e. an article 9 fund under the EU Sustainable Finance Disclosure Regulation. The fund only makes sustainable investments in projects that contribute substantially to climate change mitigation. The fund also reports extensively on the sustainability impact of its investments.

Renewable energy and sustainable development are at the core of Taaleri Group’s strategy. Taaleri’s private asset management business focuses on renewable energy, bioindustry and real estate.

“We use capital and our expertise to build a better future, and our renewable energy funds are an excellent example of this. The investments will have significant and sustainable positive impacts in the countries and local communities where they are constructed. They will offset CO2 emissions, reduce air pollution, improve grid infrastructure, create local employment, generate tax revenues and increase energy security,” says Taaleri Group CEO Peter Ramsay.

For further information, please contact:
Peter Ramsay, CEO, Taaleri Group, +358 50 343 7493, peter.ramsay@taaleri.com
Ville Rimali, Investment Director, Energy Storage, Taaleri Energia, +358 41 435 6268, ville.rimali@taaleri.com

Taaleri in brief

Taaleri is a Nordic investment and asset manager with an emphasis on renewable energy and other alternative investments. We channel capital towards economically profitable undertakings that have a lasting positive impact on the environment and society. We are a signatory of the UN Principles for Responsible Investment (UNPRI) since 2010, and we joined the Net Zero Asset Managers initiative in 2021. Taaleri’s vision is to be a Nordic forerunner in alternative investments focusing on sustainability.

Taaleri has two business segments: Private Asset Management and Strategic Investments. Private Asset Management consists of renewable energy, real estate and bioindustry businesses. The Strategic Investments segment includes Garantia Insurance Company Ltd.

Taaleri has EUR 2.5 bn of assets under management in its private equity funds and co-investments. The company has approximately 120 employees. Taaleri Plc is listed on Nasdaq Helsinki.



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