Dukes is a development cost financing platform for Renewables in Northern and Central Europe

Rivage finances part of the development costs of a portfolio of renewable energy projects at development stage, consisting of wind and solar photovoltaic farms located in Northern and Central Europe.

The sponsor, Taaleri, is a Scandinavian financial group that provides financial and asset management services in Northern Europe. It is also one of the largest private equity funds investing in Finnish wind farms. It has a unique approach having internalised the development of its own projects and has successfully developed more than 1 GW while currently operating 1.2 GW of solar PV and wind farms.

The developed portfolio will then be sold at a predetermined price to a sister entity, i.e., an infrastructure fund that will be raised by the Sponsor.

Investment rationale

Financing the development phase of the projects generates more attractive returns compared to the construction and operating phases.

Strategic goal of maximising geographic and technological diversification by the Sponsor.
For projects outside Finland, the Sponsor works with other local private equity investors with the same profile, and with local developers that can contribute with their expertise and business relations on each domestic market.