Estonian SmartCap invests €25M in Taaleri SolarWind III Fund

Estonian SmartCap has invested €25M in Taaleri SolarWind III Fund, managed by Taaleri Energia. The funds were taken from SmartCap Green Fund.

According to SmartCap, this investment is an important step in the SmartCap Green Fund's strategy of complementing early-stage venture investments with late-stage technology commitments in green infrastructure.

SmartCap was established in Tallinn in 2021 as a subsidiary of the Estonian Business and Innovation Agency. SmartCap manages two common closed-end alternative investment funds: SmartCap Venture Capital Fund and SmartCap Green Fund. The CEO of SmartCap is Sille Pettai.

Taaleri SolarWind III Fund is a renewable energy infrastructure fund managed by Taaleri Energia. The fund specializes in the development, construction, and operation of onshore wind farms, solar parks, and battery energy storage systems in the Baltic States, Northern Europe, and the United States. Taaleri SolarWind III Fund was established in 2022.