Major Financing Secured for Finland’s Largest Battery Energy Storage Facility
We have together with Eversheds Sutherland UK and Spain advised Kommunalkredit Austria AG on the financing of Finland’s largest battery energy storage project.
The 100 MW / 200 MWh SIMO BESS, developed by Fotowatio Renewable Ventures (FRV) in partnership with AMPTank Energy, marks a significant milestone in Finland’s energy transition — strengthening grid stability, enabling greater renewable integration, and supporting decarbonisation across the Nordics.
We advised Kommunalkredit as sole arranger and lender on the term loan financing.
Our team comprised Partner Henrik Sandholm, Specialist Counsel Leena Pyymäki, Associate Sanni Tirkkonen and Associate Henri Minkkinen (Helsinki); Partner Mark Dennison, Partner Peter Greenall, Consultant David Wyles, Counsel Timothy H. and Associate Eunice W. (London); and Partner Teresa Villarroya Vargas and Eugenia García-Calzada Villar (Madrid).
Key contacts
Henrik Sandholm
Attorney-at-Law, Partner
Henrik Sandholm is the Head of Transaction Services team and a seasoned advisor specializing in both international and domestic corporate transactions, as well as transactions in the renewable energy and real estate sectors.
Expertise includes:
Mergers and acquisitions
Real estate
Energy and infrastructure
Commercial agreements
Corporate
International trade
Leena Pyymäki
Specialist Counsel
Leena Pyymäki is a Specialist Counsel in our M&A team, focusing on contractual negotiations and the preparation of transaction documentation.
She advises clients on corporate law, mergers and acquisitions, financing, commercial agreements, and matters related to international trade. Leena has extensive international experience, having served for six years as Head of Legal and Company Secretary for the French subsidiary of a Finnish parent company.
