Global Infrastructure SherpaPrime Capital acquires 125 MW BESS project in Finland from Aurinkokarhu
Prime Capital has acquired a 125 MW battery energy storage system (BESS) project in Finland, known as the Tuovila asset, marking its third BESS acquisition in the country within a week. The project was fully developed by Aurinkokarhu and received late-stage financing from Futureal, enabling a rapid transaction close within two months. This acquisition reflects a strategic shift toward aggregating de-risked, construction-ready storage assets in high-volatility markets like Finland. The asset is expected to begin construction in Q2 2026 and reach commercial operation by early 2027, participating in Finland’s grid services market through load shifting, balancing, and frequency response. The deal underscores a growing trend where capital prioritizes execution certainty and speed-to-market over early-stage pipeline development.
Counterparts (3)
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- 125 MW battery energy storage system project
- Tuovila asset located in Finland
- €20 billion in alternative investments managed by Prime Capital
- Q2 2026 construction start
- 2026-03-19 announcement date
Source Intelligence
The project has up to 4-hour duration and will participate in Finland’s grid services market through load shifting, balancing, and frequency response. The transaction closed rapidly within two months due to late-stage financing. Prime Capital is focusing on aggregating de-risked, construction-ready storage assets in high-volatility markets. Quote: 'The Tuovila asset, with up to 4-hour duration, is expected to start construction in Q2 2026 and reach operations by early 2027.'; 'This project was fully developed by Aurinkokarhu and financed late-stage by Futureal, enabling a rapid transaction close within two months.'; 'Assets offering load shifting, balancing, and frequency response are increasingly underwritten on dispatch value, not just capacity.'
"Prime Capital has acquired a 125 MW BESS project in Finland, its third acquisition in the market within days."
"This project was fully developed by Aurinkokarhu and financed late-stage by Futureal, enabling a rapid transaction close within two months."
"This project was fully developed by Aurinkokarhu and financed late-stage by Futureal, enabling a rapid transaction close within two months."
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