Ardian to acquire Mertaniemi battery energy storage project from Lappeenrannan Energia.

Ardian, a private equity firm, agreed to acquire the Mertaniemi battery energy storage project from Lappeenrannan Energia, a municipal energy company in Finland. Financial terms were not disclosed. "The investment in a new battery storage system, which is a first for Ardian’s clean energy evergreen fund, is an essential part of our strategy in Finland. We identified an opportunity to scale Finland’s wind capacity and connect battery storage technology to create a balanced and productive energy system," Benjamin Kennedy, Ardian Managing Director Renewables Infrastructure.