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Taaleri SolarWind II Fund Invests in Norway Wind Farm

Power News - Published on Mon, 16 Sep 2019

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The Taaleri SolarWind II fund has acquired 100% ownership of the Haram wind farm. The wind farm is located in the county of Møre og Romsdal, in western Norway, around 20 kilometers north of Alesund. Construction works on the Haram wind farm will start shortly, and with 8 Vestas 4.2 MW turbines and an installed capacity of 34 MW, the wind farm’s annual production of electricity will be approximately 112 GWh. The wind farm will produce enough electricity to supply around 7,000 households and will offset the equivalent of 14,000 tonnes of carbon dioxide during each year of operation. The project was developed by Zephyr who will continue as the construction management consultant and as the technical and commercial management provider during the operational phase. Taaleri Energia’s technical team will be responsible for data monitoring and analytics of the wind farm’s production and Vestas will be responsible for maintaining the turbines under a 27 year contract. The wind farm is expected to reach full operations in the first quarter of 2021.

Taaleri Energia’s Managing Director, Mr Kai Rintala said that “We are very satisfied with the second investment from the Taaleri SolarWind II fund. This investment in Norwegian wind is underpinned by the availability of commercial offtake contracts in one of the world’s most liquid power markets. It also demonstrates the value of our developer network and in-house technical expertise, as well as the strength of our deal pipeline and our ability to efficiently deploy the fund’s committed capital.”

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Posted By : Rabi Wangkhem on Mon, 16 Sep 2019
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