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Stock impact report

Taaleri SolarWind III Fund commitments reach $736m at final close [Yahoo! Finance]

KBC GROUP SA UNSP/ADR (KBCSY) 
NASDAQ:AMEX Investor Relations: kbc.com/en/investor-relations
Company Research Source: Yahoo! Finance
The fund will invest in utility-scale onshore wind projects, solar parks and battery energy storage system (BESS) assets. It follows a value-add strategy that covers the full project life cycle, from acquisition and development through contracting, construction, operations and eventual exit. Its primary focus markets are the Nordics, Poland, the Baltics, south-east Europe and Spain, with select allocations also planned for Texas. The fund has committed a total of €360m in investments to date. This amount covers 50 wind, solar and BESS projects, representing a combined capacity of 7GW. Key projects comprise a 36 megawatt-hour (MWh) operational BESS in Finland and a 200MWh BESS currently being built in Texas. Additional developments include a 154MW wind farm in Serbia, a 129 megawatt-peak solar plant in Finland, a 112MW wind project in Latvia, and a combined 45MW wind and 36MWh BESS facility in Lithuania, all under construction. The fund is scheduled to be fully deployed Show less Read more
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