- Statkraft and OX2 signed a PPA for two battery energy storage systems in Finland.
- The BESS facilities have capacities of 110 MW and 125 MW, starting in 2028.
- The agreement includes a seven-year optimization term with a revenue floor structure.
- Batteries will be located at OX2's wind projects in Halsua and Soini municipalities.
Agreement Overview
Statkraft and OX2 have finalized a power purchase agreement (PPA) for two large-scale battery energy storage systems (BESS) in Finland. This marks Statkraft’s largest BESS PPA in the Nordics.
Project Details
The agreement covers two BESS facilities with capacities of 110 MW (220 MWh) and 125 MW (250 MWh), currently under construction. Statkraft will optimize these batteries over a seven-year term starting in 2028, incorporating a revenue floor structure to aid project financing.
Location and Purpose
The batteries will be situated at OX2’s wind projects in the Halsua and Soini municipalities. The initiative aims to enhance system flexibility, stability, and renewable energy integration in the Nordics.
Significance
This agreement underscores the growing role of battery storage in Finland’s energy market, crucial for managing intermittent renewable energy and ensuring supply reliability.
