re:cap global investors ag (re:cap) advises the FP Lux European Battery Storage fund on the acquisition of a key battery energy storage system (BESS) project in Alapitkä, Finland. This investment is a central part of the fund’s investment strategy and underscores re:cap’s commitment to advancing the energy transition through strategic storage solutions across Europe.
The 95 MW/220 MWh Battery Park Alapitkä, located in the municipality of Lapinlahti, was developed by SMA Altenso in collaboration with its local partner, Infinergies Finland Oy. SMA Altenso will execute the entire engineering, procurement, and construction (EPC) scope, including the balance of plant, medium-to-high voltage construction, and grid integration. Construction is expected to begin this spring, with the project targeting commercial operation in 2027. The project will deploy SMA’s advanced grid-forming inverter technology, setting new standards for system efficiency and grid stability in Finland.
The FP Lux European Battery Storage Fund aims to build a diverse portfolio of BESS assets across Europe by capitalizing on the rapid growth of battery storage technology, which plays a pivotal role in stabilizing grids, absorbing surplus renewable energy, and providing flexibility to support an increasingly intermittent energy system. The fund is structured with a strong European focus, targeting core markets such as Germany and Scandinavia, as well as other strategically relevant regions.
As part of the fund’s investment pipeline, re:cap recently advised the acquisition of a BESS project in Freiberg, Saxony, Germany. With a capacity of 50 MW and 100 MWh of storage, this project will support Germany’s energy grid. be.storaged has been awarded the EPC contract and will deploy Sungrow Europe PowerTitan 2.0 technology. Grid connection and substation work will be carried out by MITNETZ STROM, and commercial operation is planned for the second quarter of 2027.
Thomas Seibel, CEO of re:cap global investors ag, comments: “Through the acquisition of the Battery Park Alapitkä in Finland and the investment in Freiberg, Germany, on behalf of the FP Lux European Battery Storage fund, we are expanding our presence in the European energy storage market. We thank our partners SMA Altenso, Infinergies Finland, be.storaged, and MITNETZ STROM for their strong collaboration. Ongoing discussions around grid fees in Germany highlight the importance of diversifying investments across European markets. Therefore, we remain focused on long-term investments in battery storage systems that support grid stability and the energy transition.”