Usva Energia Sells 100 MW Ready-to-Build BESS Project in Teuva, Finland to Prime Capital AG
Usva Energia Oy has closed the sale of a 100 MW ready-to-build battery energy storage system (BESS) project in Teuva, Finland, to Prime Capital AG's Prime Green Energy Infrastructure Fund II. The fully permitted project will connect to Finland's Fingrid transmission grid and is designed to provide flexibility and balancing services. Usva Energia was advised by EY-Parthenon Corporate Finance and Hannes Snellman.
Transaction date: · Source: usvaenergia.fi
Key facts
- Transaction date
- Technology
- Battery Storage (BESS)
- Capacity
- 100 MW
- Transaction price
- Not disclosed
- Buyer
- Prime Capital AG
- Seller
- Usva Energia Oy
- Country
- Finland
- Region
- Ostrobothnia
- Location
- Teuva, Finland
- Continent
- Europe
- Development status
- Ready-to-Build
- PPA
- n.a.
Technology details
100 MW battery energy storage system (BESS) project reaching RTB status following site acquisition, permitting, grid connection preparation and technical design. Planned connection to Finland's transmission grid operated by Fingrid. Designed to provide flexibility and balancing capacity to the power system while supporting renewable energy integration.
Additional information
Usva Energia was advised by EY-Parthenon Corporate Finance (M&A) and Hannes Snellman (legal). Transaction forms part of Usva Energia's broader strategy of realising value from selected RTB assets to fund accelerated development of its wider energy storage portfolio in the Nordic market.
Source
Original announcement: https://www.usvaenergia.fi/press-release