The Raudsepa battery energy storage system, a 192 MW / 420 MWh project near the Tsirguliina high voltage substation in southern Estonia, approximately 50 kilometres south of Tartu, has been sold to Taaleri Energia and KJK Capital.
Developed by Evecon, a leading renewable energy developer in the Baltics, the project has reached a final investment decision and is set to become one of the largest battery energy storage projects in Estonia and the Baltics. It will be equipped with LG Energy Solution batteries and European-made Power Electronics inverters, and will operate under a multi-market optimisation strategy, capturing value from both electricity arbitrage and ancillary services markets.
Evecon CEO Karl-Joonatan Kvell said: “As a company focused on developing energy projects, our main goal is to turn ideas into reality. We are pleased to see one of the largest BESS projects in Estonia and the Baltics now nearing completion under its new owners.”
COBALT acted as sell side legal adviser in the transaction. Our team included Partner Jesse Kivisaari and Associate Paul Schifrin.
Photo: Evecon.ee / Arno Mikkor
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