Taaleri Plc has shown interest in acquiring a stake in Fortum Oyj’s operational Indian solar power projects.
Taaleri, whose operations are supervised by the Finnish Financial Supervisory Authority, has three lines of businesses—wealth management, financing, and energy. Also, Taaleri Solar Wind fund is Finland’s first equity fund to invest in overseas green energy assets.
On the other hand Fortum who is present in electricity, heating and cooling businesses in Nordic and Baltic countries, Russia, Poland and India with €3.6 billion in annual sales. Fortum India’s operation has a solar power project portfolio of 215 megawatts (MW).
Taaleri’s interest in the Indian assets of one of the largest nuclear and hydropower generators in Europe and Russia comes in the backdrop of India lining up large green energy contracts that includes plans to invite bids for setting up 20 gigawatts (GW) of solar power capacity, the world’s largest solar tender, at one go; and also awarding wind power contracts totalling 24.5GW over the next two years. The scale of these contracts has piqued investors’ interest.