Renewable energy developer Neoen is building a 30MW energy storage facility in Finland that will help to integrate future clean power projects.
The Yllikkala Power Reserve One plant will have storage capacity of 30 megawatt-hours and will be located close to Lappeenranta in the south-east of the country.
Yllikkala will play a role in stabilising the national electricity system managed by Fingrid and make it possible to harness Finland’s substantial wind resources and speed up progress towards a target of being carbon neutral by 2035, Neoen said.
Neoen regional director Christophe Desplats-Redier said: “I would like to thank all the partners involved in Yllikkala Power Reserve One’s development, especially Fingrid and the municipality of Lappeenranta, who have made it possible to kick-start this innovative project.
“Neoen has been established in Finland since 2018, with an office in Helsinki.
“Our first wind farm, Hedet, has already started to generate electricity.
“This latest investment in energy storage illustrates our aim of becoming a leading player in the renewable energies market in Finland over the long term.
“Yllikkala Power Reserve One is a perfect demonstration of our unique expertise, which enables us to roll out innovative solutions rapidly around the world.”
Neoen chairman and chief executive Xavier Barbaro said: “We strongly believe in the potential for renewable energies in Finland and continue looking at development opportunities.
“We have demonstrated the effectiveness of our battery-based grid-balancing solutions with the success we have achieved in Australia, El Salvador, and France over the past few years.
“This new investment also demonstrates Neoen’s capacity to act as a long-term partner.
“We are proud to be making this innovative contribution to the development of energy storage in Finland, in addition to the development of our wind farms.”