ib vogt, a leading utility-scale renewables development platform, has finalized the sale of project rights for a 50MW/50MWh Battery Energy Storage System (BESS) in Finland to Renewable Energy Capital (RPC), an investor in renewable energy projects. Located in Uusikaupunki, Southwest Finland, the BESS project achieved ready-to-build status as a result of ib vogt’s successful project development efforts in the previous year. RPC will oversee procurement and construction with an expected completion date of Q4 2025.
Covering an area of 3 hectares, this BESS project is one of the largest of its kind in Finland and is poised to provide various services to the country’s energy infrastructure over the next three decades. Its main applications include network services such as frequency response and participation in energy trading in wholesale energy markets. Such large-scale BESS deployments play an important role in providing flexibility for countries transitioning to renewable energy sources such as solar and wind.
For RPC, this venture into Finland’s storage sector represents a strategic step for future growth opportunities. The company already has a strong presence in the region’s renewable energy landscape with more than 170 MW of Finnish onshore wind capacity spread over three sites.
Anton Milner, CEO of ib vogt, emphasized the importance of BESS applications in facilitating the transition from fossil fuels to sustainable energy solutions. He expressed gratitude to Renewable Power Capital for their cooperation, emphasizing the shared commitment to decarbonize electricity and advance clean energy initiatives. The storage project represents an important milestone that allows for greater integration of renewable energy sources into the energy system.
Steve Hunter, RPC’s Managing Director of Energy Markets and Asset Management, highlighted the important role of battery storage in meeting Finland’s current grid stabilization needs and supporting the further expansion of renewable energy infrastructure. He described the storage project as a significant addition to RPC’s wind portfolio and a notable achievement in the Finnish market.
Finalization of the sale was possible with the support of selected consultants. Financial advice was provided by Newsec Infra, while Hannes Snellman provided legal advice to ib vogt. Roschier served as legal counsel to Renewable Energy Capital throughout the transaction.
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