Nala Renewables issues Notice to Proceed for construction of Nala Vuolijoki 125MW/250MWh BESS project in Finland

London, 08 October 2026 - Nala Renewables has issued the Notice to Proceed (NTP) for the Nala Vuolijoki 125MW/250MWh Battery Energy Storage System (BESS) in Finland, marking the transition from development into construction.

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At 125 MW /250 MWh, Nala Vuolijoki is one of the largest BESS projects in Finland to start construction, marking another significant milestone in Nala’s growth in the Finnish renewable energy market.

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Along with the Kauhava 50MW/ 100MWh BESS project recently energised and our newly acquired Kärppiö 100MW/200MWh BESS project, the capacity of Nala Vuolijoki brings our pipeline in Finland to 275MW/ 550MWh. 

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Remy Verot, Interim CEO at Nala Renewables, said:

"This milestone highlights the strength of Nala's integrated business model and our ability to create value throughout the project lifecycle. By combining in-house expertise across development, financing, construction and operations with close partner collaboration, we are well positioned to navigate the evolving complexities of the energy transition and deliver high-quality projects that support both grid resilience and renewable energy growth in Finland and our other focus markets."

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Partners on the project include Nala Renewables as developer and owner, Despro as Engineering, Procurement, and Construction Management(EPCM) and local engineering support, Destia Oy as the Balance of Plant (BOP)contractor, and Sungrow as the BESS technology supplier. Rabobank are providing the long-term finance for the project.

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Gijs Hofman, Executive Director at Rabobank, said:

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“We are pleased to support Nala Renewables with the long-term financing of the Nala Vuolijoki 125MW/250MWh battery energy storage project. This transaction builds on our relationship with Nala and its owner, IFM Investors, a key institutional client of Rabobank. The project demonstrates the important role that large-scale energy storage can play in strengthening grid resilience and enabling the continued integration of renewable energy and reflects our commitment to supporting leading clients in delivering the infrastructure required for the energy transition.”

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Henry Nordman Särkisilta, Head of Sales Utility, Sungrow Finland, said:

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“As Finland adds more renewable energy, large-scale storagewill play an increasingly important role in creating a flexible and resilientpower system. We are pleased to support Nala Renewables with Sungrow’s energystorage technology and local expertise in Finland.”

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About Nala Renewables

Nala Renewables is a London-headquartered global renewable energy company. Nala owns, develops, constructs and manages solar PV, onshore wind and energy storage assets across the full project life cycle. With a primary focus on Europe and Chile, Nala continues to scale its portfolio through a combination of in-house development, strategic partnerships, and selective acquisitions.