Finland’s Taaleri looking to buy solar power projects in India
New Delhi: Attracted by the opportunities in India’s solar energy space, Finland’s Taaleri Plc is evaluating assets for acquisition here.
This interest by the Nasdaq Helsinki-listed firm is reflective of the trend wherein overseas firms have led the race on aggressive tariffs to secure renewable energy project contracts in India. Taaleri Solar Wind fund is Finland’s first equity fund to invest in overseas green energy assets.
Taaleri’s India playbook follows the investment thesis adopted by other overseas investors such as France’s Engie and Rosatom State Atomic Energy Corp. It is the lower cost of foreign capital and the size of the Indian solar power generation market that has helped script India’s solar story.
“Taaleri Plc is actively looking for acquiring solar power projects in India,” said a person aware of the firm’s India strategy, requesting anonymity.