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The battery energy storage system (BESS) project is located in the municipality of Teuva, in the South Ostrobothnia region of Finland. With a size of 100 MW/400 MWh, the BESS project is one of the largest in Finland to date. It will help balance electricity price fluctuations and facilitates further introduction of renewable generation capacity to the Finnish energy market.
The BESS project has been developed by Usva Energia Oy, a Finnish developer with expertise across the energy storage value chain. This transaction is Usva Energia’s first sale of a large-scale, ready-to-build BESS project and a continuation of the company’s earlier BESS transactions. The transaction forms part of the company’s broader portfolio strategy, and the value realized from the sale enables accelerated development of other BESS projects in the company’s portfolio.
This transaction represents an important milestone for Usva Energia’s growing energy storage portfolio and supports the continued development of our broader project pipeline. EY-Parthenon provided valuable commercial advice during the transaction, and we especially appreciated the team’s responsiveness and commitment
How EY-Parthenon can help
EY Corporate Finance offers investment banking services through dedicated teams with a focus on M&A. EY Corporate Finance leverages EY's global network of investment banking professionals to deliver insightful, objective and strategic deal advice on M&A transactions.
Read moreEY-Parthenon Corporate Finance acted as the exclusive financial advisor to Usva Energia in the transaction.
More information can be found on Usva Energia’s press release.
Below you can find a selection of EY-Parthenon's recent deal alerts and you can also find a more extensive list on our Transactions and Corporate Finance by EY-Parthenon page.
Related deal alerts
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EY advises Fu-Gen on sale of a 50 MW BESS project in Finland
Fu-Gen AG has sold a 50 MW ready-to-build battery energy storage project in Finland to Nala Renewables.
Evli’s renewable energy fund will continue as co-investor with Helen during construction and operation of the battery.
EY-Parthenon Corporate Finance acted as the exclusive financial advisor to Usva Energia in the sale of a 100 MW BESS project in Finland to Prime Capital AG.
