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Taaleri Energia to sell 3 wind farms in Finland

Taaleri Energia Oy agreed to sell its stake in three operational wind farms in Finland with a combined capacity of 73.2 MW to a consortium of Korean institutional investors.

The investors, led by Hana Financial Investments and Korea Investment & Securities, are providing both the debt and equity for the transaction, which is expected to close in January 2020. Financial details were not disclosed.

The sale involves the eight-turbine Nyby, 19-turbine Myllykangas I and three-turbine Myllykangas II projects, according to a Dec. 30, 2019, news release. The facilities, co-located about 55 kilometers north of the city of Oulu, have been producing electricity since 2015 or 2016.

Taaleri Energia will continue to manage the investments under a managed account agreement and will also continue as the technical and commercial manager of the wind farms under the new owners.

Scala Fund Advisory acted as placement agent on the deal.

Helsinki-based Taaleri Energia is a renewable energy fund manager and developer. It currently manages a 1.6-GW international portfolio of wind and solar assets.