Neoen has started construction of Yllikkälä Power Reserve One, a new 30 MW power storage facility with a storage capacity of 30 MWh, in Finland. The facility will be in the southeast of the country, near Lappeenranta.
The facility is expected to play a crucial role in stabilizing the Fingrid-managed national electricity network. Aside from better stability and lower costs of stabilizing the power grid, the plant would promote the introduction of future renewable energy projects.
Yllikkälä Power Reserve One will make it possible to harness Finland’s substantial wind resources and speed up progress towards a target of being carbon neutral by 2035.
“I would like to thank all the partners involved in Yllikkälä Power Reserve One’s development, especially Fingrid and the municipality of Lappeenranta, who have made it possible to kick-start this innovative project. Neoen has been established in Finland since 2018, with an office in Helsinki. Our first wind farm, Hedet, has already started to generate electricity. This latest investment in energy storage illustrates our aim of becoming a leading player in the renewable energies market in Finland over the long term. Yllikkälä Power Reserve One is a perfect demonstration of our unique expertise, which enables us to roll out innovative solutions rapidly around the world.”Christophe Desplats-Redier, Neoen’s regional director.
“We strongly believe in the potential for renewable energies in Finland and continue looking at development opportunities. We have demonstrated the effectiveness of our battery-based grid-balancing solutions with the success we have achieved in Australia, El Salvador, and France over the past few years. This new investment also demonstrates Neoen’s capacity to act as a long-term partner. We are proud to be making this innovative contribution to the development of energy storage in Finland, in addition to the development of our wind farms.”Xavier Barbaro, Neoen’s chairman and CEO.