Kommunalkredit finances the largest BESS project in Finland! As sole arranger and lender, Kommunalkredit structured the financing for this two-phase project, enhancing grid flexibility and driving decarbonization in the Nordics. This collaboration underscores our role as Infra Banking Experts: delivering tailored financing solutions that turn renewable ambitions into scalable, high-impact infrastructure. Volker Kruse, Head of Banking: “SIMO will play a pivotal role in advancing Finland’s ambitious decarbonization targets. This transaction underscores our strong commitment to Europe’s green transition and reinforces Kommunalkredit’s position as a trusted financing partner in energy storage infrastructure.” #InfraBankingExperts #RenewableEnergy #BESS
🔋 FRV scales up its energy storage presence in Finland with SIMO BESS We’re proud to announce the financial close of SIMO, our 100MW/200MWh Battery Energy Storage System (BESS) in Finland, developed in partnership with AMPTank Energy Oy. 📍 Located near Simojoki substation, north of the Baltic Sea and close to the Arctic Circle, SIMO is is a key step in our global energy storage strategy. It´s being developed in two phases: ▪️ Phase 1 (30MW/60MWh): already operational in the wholesale market. ▪️ Phase 2 (70MW/140MWh): under construction, commissioning expected August 2026. ⚡ Once completed, SIMO will be one of the largest storage systems in Finland, supporting: ✔️ Grid stability ✔️ Renewable energy integration ✔️ Finland’s decarbonisation goals 💰 The project has secured a term loan from Kommunalkredit Austria AG, acting as sole arranger and lender. 🤝 Special thanks to Kommunalkredit, AMPTank, and all partners involved. Together, we’re driving Europe’s transition towards a smarter, cleaner, and more flexible energy future. Full press release here: https://lnkd.in/dGpHsQ39 #FRVProjects #FRVFinland #EnergyStorage #BESS
Senior Project Manager for Solar PV + BESS
1wCongratulations! A nice project. And this one of our colleagues in Finland is also nice. Just a bit bigger and to be commissioned a bit later: https://www.arise.se/en/node/1442