FP Lux European Battery Storage Fund Acquires 95 MW / 220 MWh BESS Project in Alapitkä, Finland
The FP Lux European Battery Storage Fund, advised by re:cap global investors, has acquired a 95 MW / 220 MWh BESS project in Alapitkä, Lapinlahti municipality, Finland, developed by SMA Altenso and Infinergies Finland. SMA Altenso will execute the full EPC contract using grid-forming inverter technology. Construction begins spring 2026 with commissioning planned for H2 2027.
Transaction date: · Source: re-cap.ch
Key facts
- Transaction date
- Technology
- Battery Storage (BESS)
- Capacity
- 95 MW
- Transaction price
- Not disclosed
- Seller
- SMA Altenso
- Country
- Finland
- Region
- Northern Savonia
- Location
- Alapitkä, Lapinlahti municipality, Finland
- Continent
- Europe
- Development status
- Under Construction
- PPA
- n.a.
Technology details
95 MW / 220 MWh battery energy storage system utilising SMA's advanced grid-forming inverter technology. SMA Altenso will execute the full EPC contract including plant periphery, medium and high-voltage construction and grid connection. Construction start planned for spring 2026; commissioning planned for H2 2027.
Additional information
Marks the FP Lux European Battery Storage Fund's entry into the Finnish BESS market. Fund is advised by re:cap global investors ag and targets a diversified European BESS portfolio focused on Germany and Scandinavia. Transaction date not disclosed in source.
Source
Original announcement: https://www.re-cap.ch/recap-global-investors-beraet-den-fp-lux-european-battery-storage-fonds-beim-erwerb-eines-220-mwh-bess-projekts-in-finnland/