Market RadarBESS & Batterijparken
Delta Capacity Finalizes Financing for 600 MWh BESS Portfolio in Finland
Swiss developer Delta Capacity has completed financing for two large-scale battery energy storage systems (BESS) in Finland. The projects, Kärppiö and AKKU One, have a combined capacity of 250 MW / 600 MWh. Construction is already underway, with commercial operations anticipated in the fourth quarter of 2027. Société Générale and Finnvera are supporting the financing of this significant Finnish energy infrastructure.
Swiss developer Delta Capacity has successfully reached financial close for two large-scale battery energy storage system (BESS) projects in Finland. These projects, boasting a combined capacity of 250 MW / 600 MWh, are already under construction. The portfolio includes the 125 MW / 300 MWh Kärppiö BESS project located in Teuva and the 125 MW / 300 MWh AKKU One project situated in Lapinlahti.
Delta Capacity is developing the Kärppiö project in conjunction with the Strioga Family Foundation, while AKKU One is being developed in partnership with Covenergo. These initiatives are noted as being among the largest BESS developments in Finland to commence construction, with commercial operations anticipated to begin in the fourth quarter of 2027.
French banking group Société Générale served as the sole senior lender for both projects, providing long-term financing. The group also acted as agent, security agent, and hedge provider. Finland's export credit agency, Finnvera, is supplying a counter-guarantee to support one of the financing facilities.
Delta Capacity will undertake the roles of construction and long-term asset manager for both projects. Sungrow has been chosen as the equipment supplier, and Centrica Energy has entered into partial tolling agreements for both assets. The commissioning of the 70 MW / 160 MWh Ånge BESS project in Sweden by Delta Capacity, scheduled for June 2026 and optimized by Centrica Energy, occurred prior to this financing milestone.
Marc Weisser, CFO & CIO of Delta Capacity, highlighted the significance of this milestone.
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Talk to Oranje-Eco →This article is an Oranje-Eco summary of a report by ESS News. Read the original: ESS News.
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