News
Futureal Energy Partners (FEP) has taken a significant step into the Nordic renewable energy market, supporting the successful development and sale of a 125 MW energy storage project in western Finland.
The Tuovila battery energy storage system (BESS), developed by Finnish renewable energy company Aurinkokarhu Oy, has been acquired by Prime Capital AG. The project will be capable of storing electricity for up to four hours, contributing to greater flexibility and stability in Finland’s power system.
The transaction marks FEP’s entry into the Finnish renewable energy market and highlights its ambition to expand across Europe. In September 2025, FEP provided a development loan to Aurinkokarhu Oy to finance the remaining development costs required to bring the Tuovila project to ready-to-build status. The financing also supported the sales process, which was completed faster than expected, closing successfully within just two months with a major European asset manager.
“The current transaction clearly demonstrates how targeted development financing can accelerate the realization and market introduction of high-quality energy storage projects,” said Dániel Szentirmai, co-founder and CEO of Futureal Energy Partners. “Beyond being a significant commercial success, the Tuovila BESS project is also a strategic investment that supports the stability and flexibility of the electricity grid. We are proud to enter the Finnish renewable energy market with this project, where we see numerous exciting business opportunities.”
The Tuovila energy storage system is expected to play an important role in Finland’s energy transition. The project will provide load shifting, balancing, and frequency regulation services, enhancing the resilience of the country’s electricity system. Construction is expected to begin in the second quarter of 2026, with commercial operations scheduled to start in early 2027.
“We highly value our cooperation with Futureal Energy Partners,” said Andreas Renfällt, CEO of Aurinkokarhu Oy. “Their development financing and transactional expertise were instrumental in the successful sale of the Tuovila BESS project. The investment clearly demonstrates that battery energy storage is playing an increasingly important role in Finland and across the Nordic region.”
The ful article is available at bbj.hu.