Nala Renewables acquires 250 MW Finnish ready-to-build battery portfolio

Global power and renewable energy group Nala Renewables has agreed to acquire a ready-to-build (RtB) battery energy storage system (BESS) portfolio in Finland from Swiss-based renewables developer Fu-Gen AG. The newly acquired portfolio is expected to exceed 250 MW once operational across four sites. 

This latest deal follows Nala Renewables purchase from Fu-Gen in January 2025, where the company purchased a 50 MW BESS project in the Southern Ostrobothnia region of Finland. Each project from the four acquired sites is expected to commence construction in 2026. Fu-Gen has managed a sequence of RtB projects being sold in Finland, and across nearby countries in Scandinavia as well.

Nala Renewables continues to expand its European BESS portfolio, with projects already in Belgium, Poland and Romania. 

Mike O’Neill, chief executive officer of Nala Renewables outlined that Finland was a priority market for the company. 

“Finland is a strategically important market for BESS in Europe providing a strong business case, so we are 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,” O’Neill said.

Nala Renewables said that the projects will contribute to the UN Sustainable Development Goals, enabling efficient storage and release of renewable energy, helping to decarbonize the grid. 

Fu-Gen director and founder, Lorenzo Lanteri said that the collaboration with Nala Renewables “reinforces Fu-Gen’s role as a trustworthy partner in renewable energy.”

“We look forward to seeing the portfolio realized at a time when energy solutions play a vital role in enhancing energy security, promoting a stable, self-sufficient energy supply, and supporting climate targets.”Finland’s energy storage market continues to expand, as outlined in our Spotlight on Finland article, which shows how battery storage is rapidly evolving in the region.

Nala Renewables is a joint venture between commodity trader Trafigura and funds manager IFM Investors. Across a wide renewable energy portfolio, it says it has 3 GW of assets both operational and under development.