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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 Power Capital (RPC), an investor in renewable energy projects. The BESS project, located in Uusikaupunki, Southwest Finland, achieved ready-to-build status in the previous year under the successful project development efforts of ib vogt. RPC will oversee procurement and construction, with an anticipated completion date in Q4 2025.
This BESS project, spanning 3 hectares of land, represents one of the largest of its kind in Finland and is poised to contribute various services to the nation’s power infrastructure over the next three decades. Its primary applications include grid services like frequency response and participation in energy trading on wholesale power markets. Such large-scale BESS deployments play a crucial role in providing flexibility for countries transitioning to renewable energy sources such as solar and wind.
For RPC, this venture into the Finnish storage sector signifies a strategic move for future growth opportunities. The company already boasts a robust presence in the region’s renewable energy landscape, with over 170MW of Finnish onshore wind capacity spread across three sites.
Anton Milner, CEO of ib vogt, emphasized the significance of BESS applications in facilitating the shift from fossil fuels to sustainable energy solutions. He expressed gratitude to Renewable Power Capital for their collaboration, underscoring the shared commitment to decarbonizing electricity and advancing clean energy initiatives. The storage project represents a pivotal milestone in enabling greater integration of renewable capacity into the energy system.
Steve Hunter, Managing Director of Power Markets and Asset Management at RPC, highlighted the critical role of battery storage in meeting Finland’s current grid stabilization needs and supporting further expansion of renewable energy infrastructure. He described the storage project as a significant addition to RPC’s wind portfolio and a noteworthy achievement in the Finnish market.
The conclusion of the sale was made possible with support from select advisors. Financial advice was provided by Newsec Infra, while Hannes Snellman offered legal counsel to ib vogt. Roschier served as the legal advisor for Renewable Power Capital throughout the transaction.
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