BaltCap Goes Green with Wind Farm Investment in Estonia

In collaboration with a loan facility extended by SEB-Nordea consortium of banks, BaltCap, the Baltic region’s premiere VC player, has completed its investment round in the Mäli & Tamba wind farm in Estonia. The project also garnered an investment grant from the Environmental Investment Centre. The target of BaltCap’s second investment in the energy sector will start operating in September 2013; their first investment was in Energate, an Estonian natural gas distribution network. The Mäli & Tamba investment is a key one in BaltCap’s portfolio as it combines the best location in Estonia and the most advanced wind turbine technology available today – several 3 MW turbines built by Enercon, which will give the farm a total production capacity of 18 MW.