Successful bid price of containerized BESS project in Finland 2026

Cost: Part of L&G NTR Clear Power (Europe) €600 million Fund Developer: NTR Battery technology solution contractor: Fluence Engineer services contractor: Despro Balance of power contractor: Nordic Electro Power (NE Power) Capacity: 55MW / 110MWh
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6 FAQs about [Successful bid price of containerized BESS project in Finland 2026]

What is a Bess project?

The 70 MW/140 MWh BESS project will be located in Nivala, northern Finland. Set to go online in 2026, the facility will enhance grid stability, energy resilience and accelerate green electrification. The project marks Ingrid Capacity’s first two-hour system and its debut in Finland.

How many Bess projects are planned in 2024?

For example, Finnish investment company Exilion achieved 40,700€/MW/month in the second half of 2023. In 2024, 113 MW BESS projects are expected to become operational, and 359 MW industrial-scale BESS projects have already been announced for the next five years (Elinkeinoelämän Keskusliitto, 2024).

How does Bess work in Finland?

BESS operators can also participate in cross-border markets to provide storage capacity for ancillary services, such as frequency regulation, which helps maintain grid stability and reliability. Ancillary services are currently the primary revenue source for BESS in Finland.

When will the Bess be built?

Construction is expected to start during Q2 2025, with operations of the BESS commencing in 2026. Fu-Gen AG is a Swiss-based renewables developer and independent power producer with a strong track record of developing, financing, constructing, and operating renewable energy assets.

Why does Finland need Bess?

The need for BESS is exceptionally high in Finland because the country has set one of the world’s most aggressive climate targets. The government has a legal obligation to reach carbon neutrality by 2035. Renewable energy sources account for over 50% of electricity production, and several renewable projects are being planned or developed.

How will the Finnish government help to accelerate Bess investments?

Moreover, the Finnish government is improving policy support with tax exemptions for certain green investments, including battery storage, to meet the climate targets. These policies will help to accelerate BESS investments further by making them even more attractive financially.

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