As the renewable energy sector rapidly evolves, battery energy storage systems (BESS) are emerging as a critical pillar for decarbonization. However, with capital constraints and rising market volatility, not all projects
Following the successful conclusion of the first tender of the EU renewable energy financing mechanism (RENEWFM) on 27 September 2023, 8 solar PV projects with a total capacity of 282.77 MW were awarded funding to
The European Climate, Infrastructure and Environment Executive Agency (CINEA) has signed grant agreements with seven solar projects across Finland with a combined capacity of 212.99 MW. A total
Merus Power has secured a 30MWh order in Finland while Metlen and Aquila won government financial support for projects in Italy and Portugal.
There are over 1,200 major energy storage projects currently in the database, representing more than 92,500 MWh of capacity. The list shows that there are more than 176
The solar park will occupy 500ha of abandoned peatland in southern Finland. The project''s levelized cost of energy is estimated at less than €0.04/kWh.
The need for BESS is exceptionally high in Finland because the country has set one of the world''s most aggressive climate targets. The government has a legal obligation to reach carbon neutrality by 2035. Renewable energy sources
With its ambitious climate goals, abundance of renewable energy sources and forward-thinking innovation, Finland ofers a compelling opportunity for renewable energy developers and
The first commercial sand-based thermal energy storage system in the world has started operating in Finland, developed by Polar Night Energy. Polar Night Energy''s system, based on its patented technology, has gone
2025 is a pivotal year for the renewable energy sector, with a range of high-impact projects nearing final investment decision (FID). These ventures, spanning offshore wind, solar and onshore wind, are set to unlock
A total of 43 projects were selected from 79 applications in Portugal''s 2025 energy storage procurement. This included six projects from Spain''s Iberdrola, which secured
Since Chile passed a major energy storage bill, gigawatts of energy storage co-located with solar PV are being built in the country. Earlier this year the country opened a
Sustainable Energy Solutions Sweden Holding (SENS) has doubled the capacity of the battery energy storage system (BESS) that forms part of its hybrid energy project located at Pyhäsalmi mine in Finland. The BESS''
The Puutikankangas wind plant in Finland, owned by RPC. Image: RPC EPC firm Suvic has been enlisted by UK-based IPP Renewable Power Capital (RPC) for a 50MW/100MWh BESS in Finland using Sungrow
Installation is underway on a 100MWh project in Finland using the same ''Sand Battery'' technology as a 8MWh system which came online in 2022.
Both capacity bid for and awarded were higher than the previous innovation auction held in July 2024, which awarded 512MW of capacity for solar-plus-storage projects.
Utility Helen is launching a 40MW battery energy storage system (BESS) project in Nurmijärvi, southern Finland, for 2025 commercial operation.
Following similar pieces in 2022/23, we look at the biggest energy storage projects, lithium and non-lithium, that we''ve reported on in 2024.
Alight, a leader in solar power and renewable energy storage, has announced plans to develop a 90 MWp solar project in Varkaus, Finland. This project will significantly increase Alight''s solar capacity in Finland, building on
The Humppila-Urjala wind farm in Finland owned by Ilmatar. The country''s renewable energy pipeline is mainly wind, meaning a large ancillary services opportunity.
Installation is underway on a 100MWh project in Finland using the same ''Sand Battery'' technology as a 8MWh system which came online in 2022.
As the global community increasingly transitions toward renewable energy sources, understanding the dynamics of energy storage costs has become imperative. This
This information was prepared as an account of work sponsored by an agency of the U.S. Government. Neither the U.S. Government nor any agency thereof, nor any of their employees,
This study presents the results of a techno-economic study of the LiFePO(4)-based battery storage added to residential roof-top PV installations in Finland to maximise self-utilisation of
The Humppila-Urjala wind farm in Finland owned by Ilmatar. The country''s renewable energy pipeline is mainly wind, meaning a large ancillary services opportunity. Image: Ilmatar. Battery energy storage systems (BESS)
He has had the opportunity to coordinate large wind, solar, and interconnection projects across Europe and Latin America, managing them from initial promotion to COD and achieving successful results. Currently, Juan focuses on leading
As Finland''s energy transition accelerates, one thing''s clear: the country isn''t just building storage projects – it''s engineering the template for cold-climate renewable integration worldwide.
The plan involves direct grants to support investments in the deployment of at least 1,200 MWh of new energy storage systems across Lithuania. The tender will be administered by the Environmental Project
Search all the latest and upcoming solar photovoltaic (PV) projects, bids, RFPs, ICBs, tenders, government contracts, and awards in Finland with our comprehensive online database.
Nevertheless, there has still been significant growth in Finland for both industrial and household PV installations. In 2022, the installed capacity of mostly small-scale grid-connected PV installations increased to 395 MW from 288 MW in the previous year, yielding an annual growth rate of 37 % .
This development forebodes a significant transition in the Finnish energy system, requiring new flexibility mechanisms to cope with this large share of generation from variable renewable energy sources. Energy storage is one solution that can provide this flexibility and is therefore expected to grow.
Plans exist for PHS systems, but studies have indicated that there may be few suitable locations for PHS plants in Finland [94, 95]. While large electrolyzer capacities are planned to produce renewable hydrogen, only pilot-scale plans currently exist for their use as energy storage for the energy system (power-to-hydrogen-to-power).
Wind farms for over 117,302 MW are in the planning stage, and the rule of thumb is that approximately one-third of the projects usually reach financial closure, and the construction gets started. This would mean that, by 2035–2040, wind power production could correspond to about 200 % of the Finnish electricity demand in 2022.
In conclusion, these studies indicate that high VRES shares in the Finnish energy system are possible, but require measures such as energy storage and demand response for their successful integration. 3.
The Finnish TSO, Fingrid, is continuously taking measures to respond to the fast-growing number of renewable installations. The power system is getting more complicated both from a technical and commercial perspective, with many large changes occurring simultaneously both in electricity production and consumption.
