Nala Renewables, an independent power producer and global renewable energy platform, has announced the acquisition of a ready-to-build battery energy storage systems (BESS) portfolio in Finland. The portfolio was sold by Fu-Gen AG, a Swiss company specialising in renewable energy project development. Once operational, the total installed capacity will exceed 250 megawatts.
A second agreement that consolidates a Nordic strategy
This transaction follows Nala Renewables’ acquisition earlier this year of a 50 MW BESS project, also developed by Fu-Gen. Together, the projects will bring Nala’s total storage capacity in Finland to over 300 MW. Spread across four strategic locations in the country, construction on these sites is expected to begin in 2026, according to both companies.
The Finnish projects are part of a broader European portfolio owned by Nala, which already includes storage assets in Belgium, Poland and Romania. This approach reflects a targeted expansion strategy into Nordic markets, which are considered favourable for the development of large-scale energy storage.
Renewed partnership between independent developers
Mike O’Neill, Chief Executive Officer of Nala Renewables, highlighted the strategic importance of the Finnish market, calling it “a strong business case” for BESS projects in Europe. He also welcomed the ongoing partnership with Fu-Gen, which he said continues to demonstrate high development standards.
Lorenzo Lanteri, Founder of Fu-Gen, emphasised the contribution of his Nordic team in delivering this portfolio. He stated that the deal further strengthens Fu-Gen’s role as a reliable partner in energy storage project development in Scandinavia, while noting the context of enhanced energy security.
Future capacity and European integration
The transaction supports Nala Renewables’ ambitions in the European storage market, where optimising renewable energy integration remains a key industrial challenge. By deploying infrastructure capable of absorbing and dispatching intermittently produced energy, these BESS projects aim to address growing flexibility demands across national grids.
The Finnish portfolio complements a multi-country expansion strategy, although no financial terms were disclosed. Preparatory construction work is expected to begin ahead of 2026, in line with local regulations on interconnection and grid connection.
