Nala Renewables has expanded its battery energy storage portfolio in Finland with the acquisition of a ready-to-build 250MW portfolio from Swiss developer Fu-Gen AG.
The latest transaction brings Nala’s total Finnish battery storage capacity to over 300MW, following the company’s earlier purchase of a 50MW project from Fu-Gen in January 2025.
The new portfolio comprises four projects located across strategic sites in Finland, with construction expected to begin in 2026.
Nala said the acquisition strengthens its presence in the Nordic markets and supports its growing European battery energy storage portfolio, which also includes assets in Belgium, Poland and Romania.
Chief executive Mike O’Neill (pictured) said Finland offered “a strong business case” for storage investment.
He said the company was “delighted to build on our existing investment there and our association with Fu-Gen who continue to demonstrate the quality of their approach to development”.
Fu-Gen director and founder Lorenzo Lanteri said the transaction reinforced the company’s reputation as “a trustworthy partner in renewable energy”.
He said Fu-Gen’s Nordic team had delivered “a high-quality energy storage portfolio in an attractive market”, adding that energy storage “plays a vital role in enhancing energy security, promoting a stable, self-sufficient energy supply, and supporting climate targets”.
Nala said the projects will contribute to the UN Sustainable Development Goals by enabling efficient storage and release of renewable energy to support a less carbon-intensive grid.
Nala Renewables is a joint venture between Trafigura and IFM Investors, with a portfolio of around 3GW of renewable energy projects across Europe, Latin America and the United States.