Sustainable Energy Solutions

"The completion of this transaction is proof that our strategy to develop larger BESS projects in attractive locations is working. With this divestment, we strengthen our position as a leading project developer of large-scale energy storage. The sale also gives us the financial muscle to further develop our project portfolio and realize additional value. I would like to thank everyone involved for a well-executed deal." says Anders Björkenbo, CEO of SENS.

On 19 January 2026, SENS announced that a share purchase agreement had been signed with a Frankfurt-based infrastructure investor, Prime Capital AG. The transaction was subject to customary conditions, which have now been met. The buyer has thereby acquired 100 percent of the shares in the project company (SPV).

The project company was 55 per cent owned by SENS and 45 per cent by Dovre Group Oyj. The total purchase price is approximately EUR 5.5 million. Revenue from the sale will be reported in the first quarter of 2026 and will be reflected in the upcoming interim report. Any profit sharing from the project will be reported in the quarters in which it is paid.

The BESS project in Pyhäsalmi is part of the energy cluster that SENS has been developing for a long time at the Pyhäsalmi mine in Finland. The project is designed to deliver capacity to both the frequency regulation and arbitrage markets in Finland. With a storage capacity of 85 MW / 170 MWh, the plant will contribute to increased flexibility and stability in the Finnish electricity system.