Nala Renewables has acquired a 250-megawatt battery energy storage portfolio in Finland from Swiss developer Fu-Gen AG, the company said on Thursday, expanding its presence in the Nordic region and bringing its total Finnish storage capacity to over 300MW.
The portfolio, described as “ready-to-build,” consists of four projects located across strategic sites in Finland. Construction is expected to begin in 2026. The deal follows Nala’s earlier acquisition of a 50MW Finnish project from Fu-Gen in January 2025.
“Finland offers a strong business case for battery storage investment,” said Nala Renewables CEO Mike O’Neill. “We’re 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.”
Nala said the acquisition supports the company’s broader European battery storage strategy, which includes assets in Belgium, Poland, and Romania. The company is a joint venture between commodity trader Trafigura and global fund manager IFM Investors, with a portfolio of around 3 gigawatts of renewable energy projects across Europe, Latin America and the United States.
Fu-Gen founder and director Lorenzo Lanteri said the transaction reflected the company’s development capabilities and growing role in the regional energy transition. “Our Nordic team has delivered a high-quality energy storage portfolio in an attractive market,” he said. “Energy storage plays a vital role in enhancing energy security, promoting a stable, self-sufficient energy supply, and supporting climate targets.”
Nala added that the Finnish battery projects are aligned with the United Nations Sustainable Development Goals, by enabling more efficient integration of renewable energy and helping to reduce grid carbon intensity.
