Press release
17 February 2023
Landinfra Energy and Taaleri Energia enters a partnership to jointly develop up to 1900 MW of renewable energy projects in SE3 and SE4
Landinfra Energy AB (“Landinfra”) and Taaleri Energia have entered into an agreement to jointly develop a pipeline of up to 1900 MW of renewable energy projects in Sweden consisting of hybrid projects combining solar power and energy storage as well as wind power and energy storage. As part of the agreement Taaleri Energia acquires 50% of the portfolio from Landinfra, who will retain the remaining 50%.
The portfolio is divided over 1100 MW solar power and energy storage and 800 MW wind power and energy storage. A majority of the projects are located in SE4 in Sweden, and the remaining in SE3. All projects are in development stage and the first projects could be commissioned in 2025, pending all required permits to be obtained. Fully successful and built out the portfolio will have an investment volume beyond 1.5 billion Euro and will annually generate around 2.5 TWh of green energy to the Swedish energy system.
“We are pleased to join forces with Taaleri Energia to jointly develop this large-scale renewable project portfolio in Sweden. Taaleri Energia is a reputed renewable energy developer and investor in the Nordic market and beyond and jointly we will bring the necessary capabilities and financial strength to further advance and construct the portfolio, adding new and much needed green energy production to SE3 and SE4. This partnership is in line with Landinfra’s strategy to enable long-term investors the opportunity to enter renewable energy projects already at the development stage”, says Marcus Landelin, CEO and Co-founder of Landinfra.
“Solar power and wind power are the fastest and most cost-effective technologies to address the challenges in the Swedish energy market and combined with energy storage, the variable energy production from wind and solar can be further evened-out and distributed over the day meanwhile also providing balancing services to the electricity grid. Jointly with Taaleri Energia, we now aim to add large-scale new green energy production and storage in SE3 and SE4 and thereby be part of the solution to secure a green and reliable energy system in Sweden”, says Linus Fransson, CSO and Co-founder of Landinfra.
“We are delighted to partner with Landinfra on this pipeline of Swedish wind and solar projects in the SE3 and SE4 price areas. That the projects are envisioned to have a battery energy storage component is also very much in line with our investment strategy and thinking. These projects will be part of the SolarWind III Fund’s seed portfolio of between 30 and 40 wind, solar and storage development projects from across the Fund’s target markets. The first close of the SolarWind III Fund is expected to take place April-May 2023,” comments Kai Rintala, Managing Director, Taaleri Energia.
About Landinfra Energy
Landinfra is a renewable energy developer in the Nordics and beyond with focus on generation and consumption assets in the field of onshore wind, offshore wind, energy storage, hydrogen, eFuels and industrial projects.
The business model includes greenfield and brownfield project development in close collaboration and partnerships with landowners, investors, and industrial actors. The project portfolio consists of beyond 4000 MW of renewable energy projects in development stage in the Nordics. www.landinfra-energy.com
About Taaleri Energia
Taaleri Energia is a renewable energy developer and fund manager. With 45 professionals, it has one of the largest and most capable dedicated renewables investment teams in Europe. The team is currently raising its sixth renewable energy fund, the Taaleri SolarWind III fund, and has 4.9 GW portfolio of development, under construction, and operational wind, solar and battery energy storage assets in Europe, the US, and the Middle East.
Taaleri Energia is ranked by Preqin as one of the most consistent top performing infrastructure fund managers. Taaleri Energia is part of the Taaleri Group, which is listed on the Nasdaq Helsinki stock exchange.