Nasdaqlisted Taaleri eyes Fortum India’s solar projects

NasdaqHelsinki-listed Taaleri Plc has evinced interest in acquiring a stake in Finland’s state-controlled power utility FortumOYJ’soperationalIndian solar power projects, said two peopleawareofthedevelopment.

Fortum is present in electricity, heating and cooling businessesinNordicandBalticcountries, Russia, Poland and India with €3.6 billion in annual sales. Fortum India’s operation has a solar power project portfolio 215 megawatt (MW).

Mint reported on October 23 about Fortum OYJ hiring Barclays Bank to run the sales process to attract growth capital.

Taaleri hasthreelines of businesses—wealth management, financing,andenergy.Also,Taaleri Solar Wind fund is Finland’s firstequityfundtoinvestinoverseas green energy assets.

“Taaleri is interested in Fortum’s operational Indian solar power projects,” said a person requesting anonymity.

Another person who also didn’t want to be identified confirmed the development.

A Barclays spokesperson declined to comment.

A Taaleri spokesperson in an emailedresponsesaid:“Taaleriis anactiveactorinthemarkethavingmultipleprojectsinprogress. Wehaveapolicynottocomment on any market rumors.”

“... There is so far no news regardinganysuchnegotiations, and as a principle, we don’t commentonmarketrumours,”aFortum OYJ spokesperson in an emailed response said.

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