EBRD commits up to
Fund to make equity investments in utility-scale renewable energy generation and storage projects
Investment to support renewable energy development in EBRD economies
Taaleri Energia is a longstanding client of the EBRD. The Bank has invested in its predecessor fund, Taaleri SolarWind II, and has directly supported and co-financed
Taaleri SolarWind III will make equity investments in utility-scale renewable energy projects - including onshore wind farms, photovoltaic solar parks and energy storage projects - across
Anne Fossemalle, EBRD Director of Equity Funds, said: 'It is our pleasure to continue to partner with Taaleri Energia to scale up renewables and accelerate the energy transition in the EBRD's economies. This investment will bolster power generation and diversify funding sources for renewable energy assets.'
Renewable energy generation in the economies where the EBRD operates remains below the European average. Increased investment in projects that generate local, clean and affordable energy is needed to secure power supply and reduce a longstanding dependence on fossil fuels for electricity production. At the same time, investment in energy storage is required to help partially address the intermittent nature of wind and solar generation.
Taaleri SolarWind III's investments will play a significant role in the energy security of those EBRD economies in which it invests and will contribute to climate change mitigation, delivering significant greenhouse gas emission reductions through the installation of greater renewable energy capacity.
The EBRD's investment will also further the development of private-sector financing for renewable energy projects across the economies in which it operates, many of which have been overlooked by institutional investors, largely due to their nascent investment landscape and higher risk perception compared with
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