In another significant energy transaction, HPP is pleased to have acted as seller’s legal counsel to Pohjan Voima Oy, the Finnish subsidiary of Arise AB (publ), a NASDAQ Stockholm-listed Swedish renewables developer and asset manager, on the divestment of the 125MW Pysäysperä Battery Energy Storage System (BESS) project at ready-to-build stage in Haapajärvi, Finland. The buyer is Alpiq AG, a leading Swiss electricity producer and energy service provider. When constructed, the project will be one of the country’s largest BESS assets and will benefit from a fast-track grid connection to Fingrid’s substation in Haapajärvi.
The transaction involves the sale and purchase of all outstanding shares in Pysäysperän Sähkövarasto Oy, the project company developing the Pysäysperä BESS project. Closing is expected to take place in the second quarter of 2025.
This transaction is another example of HPP’s Energy and Transactions teams working together on the largest energy transactions currently being executed in the Finnish energy sector. Our Tier 1 expertise in Renewable Energy, combined with our significant M&A experience, makes HPP an excellent choice for transactions in the renewable energy and infrastructure sectors. In addition, HPP’s specialist Energy and Infrastructure teams have broad experience in areas including project development, tax, project finance, FDI and merger control, and cybersecurity issues for clients operating, investing in or financing significant renewable energy and infrastructure projects.
Our team has acted on a number of ‘first-of-a-kind’ projects and transactions in the Finnish market. For more information contact HPP’s Head of Energy, Björn Nykvist, or Energy Partner Tuomas Näsi.
Read more (Pohjan Voima, press release, FI)
