Close

Taaleri Energia Announces its First Battery Energy Storage System Investment

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

Leave Message for Us to Get Back

Related stories

DOE Selects 11 Projects for Nuclear Reactor Pilot Program

The U.S. Department of Energy (DOE) has formally launched...

Aramco Signs $11b Jafurah Midstream Deal With GIP Consortium

Jafurah Midstream Gas Company has secured a major foreign...

Equinix Enters Nuclear Deal With SMR Developers to Power DCs

In an effort to diversify its power portfolio, global...

SDIC Power Plans UK’s Largest Wind Turbines at Inch Cape

A Chinese state-owned enterprise is preparing to install the...

Taaleri Energia will invest in a 30 MW / 36 MWh battery energy storage system in Lempäälä, some 25 kms south of Tampere. The facility will be one of the largest battery energy storage systems operating in the Finnish frequency reserve market. The capacity of the system has the potential to be doubled in the future.

As the largest wind power producer in Finland, Taaleri Energia has a comprehensive understanding of renewable energy production and its relationship with the country’s electricity grid. The battery energy storage facility will support the balancing of production and consumption in the main grid by participating in Fingrid’s reserve market and help to balance Taaleri Energia’s own wind portfolio.

Taaleri Energia has partnered with Merus Power, which is the developer of the project and is responsible for the turnkey delivery of the battery energy storage system. It is expected that construction on the project will be completed by April 2024.

The investment represents Taaleri Energia’s first investment into battery energy storage systems and is initially being funded by Taaleri Energia’s EUR 44 million development financing vehicle.

The project will be acquired, as part of a development seed portfolio, by the Taaleri SolarWind III Fund shortly after the first close of the Fund, which is expected to take place in Q2 2023. The SolarWind III Fund will continue to look at battery energy storage investment opportunities across its target markets during its investment period.

Taaleri Energia recently strengthened its investment team expertise in this area with the recruitment of Ville Rimali in January 2023. Ville previously worked in the energy storage business at Wärtsilä.

“Renewable energy is the only sustainable way out from the current energy crisis and to achieve global climate targets. Storage facilities are needed in order to further increase the share of renewable energy in the electricity grid. With this project, we are creating stability and balance in the electricity network and returns for our investors,” said Ville Rimali, Investment Director, Energy Storage at Taaleri Energia.

 

Latest stories

Related stories

DOE Selects 11 Projects for Nuclear Reactor Pilot Program

The U.S. Department of Energy (DOE) has formally launched...

Aramco Signs $11b Jafurah Midstream Deal With GIP Consortium

Jafurah Midstream Gas Company has secured a major foreign...

Equinix Enters Nuclear Deal With SMR Developers to Power DCs

In an effort to diversify its power portfolio, global...

SDIC Power Plans UK’s Largest Wind Turbines at Inch Cape

A Chinese state-owned enterprise is preparing to install the...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back