Containerized BESS project financing options in Finland 2025

How does Bess work in Finland?

BESS operators can also participate in cross-border markets to provide storage capacity for ancillary services, such as frequency regulation, which helps maintain grid stability and reliability. Ancillary services are currently the primary revenue source for BESS in Finland.

What is the Bess project?

The BESS project is one of the largest of its kind in Finland and is set to provide a variety of services to the nation’s power infrastructure for the next 30 years. The main applications will be grid services, such as frequency response, but it can also participate in energy trading on wholesale power markets.

Why does Finland need Bess?

The need for BESS is exceptionally high in Finland because the country has set one of the world’s most aggressive climate targets. The government has a legal obligation to reach carbon neutrality by 2035. Renewable energy sources account for over 50% of electricity production, and several renewable projects are being planned or developed.

When will a Bess project start?

Renewable Power Capital’s first BESS site is planned to be operating in summer 2026. Located in Uusikaupunki, Finland, the project will bring 50MW/100MWh of storage to the system. The timelines were confirmed alongside the announcement of key project partners that will see the delivery of the significant project to the Finnish energy system.

How will the Finnish government help to accelerate Bess investments?

Moreover, the Finnish government is improving policy support with tax exemptions for certain green investments, including battery storage, to meet the climate targets. These policies will help to accelerate BESS investments further by making them even more attractive financially.

When will the Bess be built?

Construction is expected to start during Q2 2025, with operations of the BESS commencing in 2026. Fu-Gen AG is a Swiss-based renewables developer and independent power producer with a strong track record of developing, financing, constructing, and operating renewable energy assets.