Ardian Clean Energy Evergreen Fund to invest in a 30 MW battery energy storage project in Finland from Merus Power.

Synopsis

Ardian Clean Energy Evergreen Fund, a vehicle managed by Ardian specializing in renewable energy infrastructure, agreed to invest in a 30 MW battery energy storage project in Finland developed by Merus Power, a Finnish power technology company. Financial terms were not disclosed.

Principals

target

Merus Power (second Battery Energy Storage System Project In Finland)

bidder

Ardian Clean Energy Evergreen Fund (aceef)

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Market Context