Taaleri Energia has revealed it is investing in a 30MW / 36 megawatt-hour battery energy storage system (BESS) project in Finland.
The BESS, located in Lempäälä, 25 km south of Tampere, will be one of the largest battery energy storage systems operating in the Finnish frequency reserve market.
Taaleri Energia has partnered with Merus Power, which is the developer of the project and is responsible for the turnkey delivery of the battery energy storage system.
It is expected that construction on the project will be completed by April 2024.
The capacity of the system has the potential to be doubled in the future.
The battery energy storage facility will support the balancing of production and consumption in the main grid by participating in Fingrid’s reserve market and help to balance Taaleri Energia’s own wind portfolio.
The investment represents Taaleri Energia’s first investment into battery energy storage systems and is initially being funded by Taaleri Energia’s €44m development financing vehicle.
The project will be acquired, as part of a development seed portfolio, by the Taaleri SolarWind 3 Fund shortly after the first close of the Fund, which is expected to take place in 2023.