/HELSINKI, FINLAND, March 15, 2026, 11:00 CET, RENEWABLE MARKET WATCH™/
Fu-Gen, a Switzerland-based renewable energy developer and independent power producer, has entered a definitive agreement to divest a portfolio of three battery energy storage system (BESS) projects in Finland. Together, these offer 15 MW of capacity. The buyer is Icecreek Energy, a leading European asset management platform that specialises in grid-scale battery storage investments.
Developed by Fu-Gen, the three projects are strategically located in Finland and are ready to be built. This transaction highlights the importance of strategic partnerships in expediting the energy transition. It also marks a key milestone in Fu-Gen’s ongoing strategy to deliver high-quality, bankable energy infrastructure throughout the Nordic region. Energy storage is essential for enhancing energy security, stabilising the grid, and supporting a more sustainable energy ecosystem. The projects are located in Ulvila, Sastamala, and Koskenkorva, with construction anticipated to commence later this year.
Seppo Tupeli, Development Director at Fu-Gen, said: “We are pleased to have completed this transaction with Icecreek Energy. These projects reinforce Fu-Gen’s role as a leading developer of energy projects in the Nordic region. Energy storage plays a critical role in the energy transition by providing flexibility to the power system and enabling more renewable electricity to be delivered at reliable and competitive prices for both industry and households.”
Once operational, these BESS plants will provide vital grid services to balance electricity supply and demand, bolster grid stability, and support dependable operation of Finland’s national power network.
Fabian Siegel, Icecreek Energy, commented: “We are delighted to partner with Fu-Gen on this portfolio of battery storage projects in Finland. The projects represent an important step in expanding grid-scale energy storage in the Nordic region and are a part of Icecreek Energy II, a dedicated BESS asset pool we are building in Finland. Battery storage will play a vital role in supporting grid flexibility, integrating more renewable energy and strengthening the resilience of the European power system.”
For more information and answers to your questions about the Finland battery energy storage system (BESS) market and related content, you may read here: Europe Battery Energy Storage System (BESS) Market Outlook 2025 – 2034
For a better understanding of the benefits of using our reports, you may read here: Benefit List – Reports of Renewable Market Watch – 2026
Image Credit: AI generated by Icecreek Energy
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