Enlight Renewable Energy acquires 125 MW Kukonkylä battery energy storage project in Finland from Korkia Semecon Finland Renewables

Type: Acquisition · Technology: Storage · Country: Finland · Capacity: 125 MW · Announced: 2026-08-19

Enlight Renewable Energy has acquired the ready-to-build 125 MW Kukonkylä battery energy storage system project from Korkia Semecon Finland Renewables, a joint venture between Korkia and Semecon. The standalone project is located in Sievi, Northern Ostrobothnia, Finland, and is scheduled to connect to Finland’s transmission grid during H1 2028. Korkia invested in Kukonkylä in November 2024 and brought the project to ready-to-build status by May 2025. This acquisition strengthens Enlight's energy storage portfolio in Finland and expands its broader European platform, supporting the region's transition to a power system with a greater share of renewable generation. EY-Parthenon Corporate Finance and HPP Attorneys advised Korkia and Semecon on the transaction.

Analysis

Enlight Renewable Energy has acquired the 125 MW Kukonkylä battery energy storage system project in Finland from Korkia Semecon Finland Renewables. Enlight Renewable Energy operates as a global renewable energy company developing, financing, constructing, and operating utility-scale solar, wind, and energy storage projects. Korkia, a parent company to Korkia Semecon Finland Renewables, is an investment and advisory firm focusing on sustainable growth and impact investments, including renewable energy and infrastructure. The ready-to-build standalone project is located in Sievi, Northern Ostrobothnia, Finland, and is scheduled to connect to Finland’s transmission grid during H1 2028. Korkia invested in Kukonkylä in November 2024 and brought the project to ready-to-build status by May 2025; EY-Parthenon Corporate Finance and HPP Attorneys advised Korkia and Semecon on the transaction.

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