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Futureal Energy Partners and Aurinkokarhu plan 3 GW Finnish renewables pipeline

17 August 2026

Futureal Energy Partners (FEP) has entered into a strategic partnership with Finnish renewable energy developer Aurinkokarhu Oy to develop a portfolio of solar and battery storage projects in Finland with a combined planned capacity of around 3 GW.

The agreement expands an existing relationship between the companies following their Tuovila battery energy storage system transaction in 2025. Under the new arrangement, FEP will participate in the development and financing of a pipeline covering standalone battery storage, solar photovoltaic and hybrid projects across Finland.

The portfolio currently includes approximately 1,855 MW of battery storage capacity, equivalent to around 7,420 MWh, alongside 1,188 MW of planned solar PV capacity. Several projects will combine electricity generation and battery storage within the same development.

Approximately 1.1 GW of the portfolio is expected to reach ready-to-build status during 2026, while the remaining projects are scheduled to progress towards that stage during 2027 and 2028.

“This partnership represents a major step forward in our Nordic growth strategy,” said Daniel Szentirmai, Co-Founder and CEO of Futureal Energy Partners. He said Finland’s electricity grid, increasing requirement for flexibility and developing energy-storage market were among the factors behind the company’s expansion in the country.

Battery storage is becoming an increasingly important component of European energy infrastructure as larger volumes of intermittent renewable generation are connected to electricity networks. Storage facilities can absorb electricity during periods of higher generation or lower demand and return it to the grid when required, providing an additional source of flexibility for power systems.

Aurinkokarhu was established in 2022 by Finnish renewable energy entrepreneurs Andreas Renfält and Staffan Asplund. Initially focused on solar development, the company had developed and sold around 100 MWp of projects by 2023 before broadening its activities into battery storage and hybrid energy projects.

“Following the successful Tuovila transaction, we are excited to deepen our cooperation with Futureal Energy Partners,” said Andreas Renfält, Co-Founder and CEO of Aurinkokarhu. He said the partnership would support the company’s continued development activities in Finland and Sweden.

The transaction is being structured through a Swedish holding platform as FEP looks to expand its activities across the Nordic region.

In addition to the approximately 3 GW Finnish portfolio, the partnership covers an early-stage development pipeline expected to exceed 0.8 GW. These projects could provide a further phase of solar and energy-storage development across Finland and Sweden.

The agreement gives Futureal Energy Partners exposure to a sizeable Nordic energy infrastructure pipeline while allowing Aurinkokarhu to combine its local development activities with additional financing and transaction capacity.

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