Foresight FEIP II Acquires 100 MW / 400 MWh Nivala BESS — Finland's Largest Battery Storage Project — from FRV
Foresight Energy Infrastructure Partners II has completed the acquisition of Nivala, a 100 MW / 400 MWh ready-to-build BESS project in North Ostrobothnia, Finland from Fotowatio Renewable Ventures. Finland's largest BESS project, Nivala is expected to begin commercial operations in H2 2028, serving Finland's wholesale, intraday and ancillary services markets.
Transaction date: · Source: foresight.group
Key facts
- Transaction date
- Technology
- Battery Storage (BESS)
- Capacity
- 100 MW
- Transaction price
- Not disclosed
- Country
- Finland
- Region
- North Ostrobothnia
- Location
- Nivala, North Ostrobothnia, Finland
- Continent
- Europe
- Development status
- Ready-to-Build
- PPA
- n.a.
Technology details
100 MW / 400 MWh battery energy storage system with four-hour duration. Finland's largest BESS project. Fully permitted and ready-to-build. Designed to participate in Finland's wholesale, intraday and ancillary services markets. Commercial operations expected in H2 2028.
Additional information
Foresight's second investment in Finland, following the 88 MW Puskakorpi BESS acquired via FEIP I in 2021. Foresight's European BESS portfolio totals approximately 550 MW of operational capacity. Finland is highlighted as a key BESS market driven by rapid onshore wind growth and data centre investment, including Google's announced €13 billion investment in Finnish data centres.
Source
Original announcement: https://foresight.group/news-insights/news/2026/foresight-energy-infrastructure-partners-ii-completes-acquisition-of-nivala-bess-from-fotowatio-renewable-ventures/