Usva Energia Sells 100 MW Ready-to-Build BESS Project in Kotka, Finland to Enlight Renewable Energy
Usva Energia has completed the sale of a 100 MW ready-to-build battery energy storage system in Kotka, Kymenlaakso, Finland to Enlight Renewable Energy. The fully permitted project has grid connection secured at Kotka substation and will connect to Fingrid's transmission grid.
Transaction date: · Source: usvaenergia.fi
Key facts
- Transaction date
- Technology
- Battery Storage (BESS)
- Capacity
- 100 MW
- Transaction price
- Not disclosed
- Seller
- Usva Energia Oy
- Country
- Finland
- Region
- Kymenlaakso
- Location
- Kotka, Kymenlaakso, Finland
- Continent
- Europe
- Development status
- Ready-to-Build
- PPA
- n.a.
Technology details
100 MW standalone ready-to-build battery energy storage system. Fully permitted with grid connection secured at Kotka substation. Connection to Finland's transmission grid operated by Fingrid. Designed to provide flexibility and balancing services to the Finnish power system and support renewable energy integration. Construction expected to commence shortly.
Additional information
Usva Energia was advised by EY-Parthenon Corporate Finance (M&A) and Hannes Snellman (legal). Enlight's Finnish BESS portfolio continues to grow following earlier acquisitions including the 125 MW Kukonkylä project (Sievi) and the 125 MW Kristinestad project.
Source
Original announcement: https://www.usvaenergia.fi/press-release-deal-announcement