Downing develops one of Finland's first co-located wind and energy storage projects

22/4/26
5 min
Renewable energy
News

The development showcases the full capabilities of the Downing Energy & Infrastructure team, from identifying the spare grid capacity opportunity at the Konttisuo wind farm to managing the delivery of the new 20 MW battery energy storage system (BESS).

The project is being developed at the site of the c.30MW Konttisuo onshore wind farm, which Downing acquired in 2022 as its first investment in Finland, located in the Southern Ostrobothnia region.

This co-location project builds on Downing’s commitment to identifying and implementing innovative investment strategies for core renewable generation technologies.

The project is an example of multiple in-house teams at Downing working together to enable the wind farm and BESS to operate in compliance with grid operator requirements.

The Finnish project adds to Downing’s development pipeline of more than 9GW across the UK and Europe and spans multiple technologies. It also supports its strategy of technological diversification and portfolio-level value creation.

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Investment manager Downing is developing one of Finland’s first co-located wind and energy storage projects, positioning the firm as a leader in Nordic hybrid solutions.

The development showcases the full capabilities of the Downing Energy & Infrastructure team, from identifying the spare grid capacity opportunity at the Konttisuo wind farm to managing the delivery of the new 20 MW battery energy storage system (BESS).

The project is being developed at the site of the c.30MW Konttisuo onshore wind farm, which Downing acquired in 2022 as its first investment in Finland, located in the Southern Ostrobothnia region.

This co-location project builds on Downing’s commitment to identifying and implementing innovative investment strategies for core renewable generation technologies.

The project is an example of multiple in-house teams at Downing working together to enable the wind farm and BESS to operate in compliance with grid operator requirements.

The Finnish project adds to Downing’s development pipeline of more than 9GW across the UK and Europe and spans multiple technologies. It also supports its strategy of technological diversification and portfolio-level value creation.

We are delighted to announce that Mark Gross, Partner and Head of Development Capital, has been named Equity Investor of the year at the HealthInvestor Power List 2024 Awards.

Following Mark’s achievement last year when he won the “Leading Investor” award at HealthInvestor’s Power50, this year’s win further highlights his continued success and expertise in investing across the healthcare sector. 

The judges praised Mark for finding success both in value and volume this year, delivering good returns and growth. They were impressed by how Mark has continued to strengthen a strong track record with further growth in the team and new funds securing further backing. We extend our thanks to Mark and the Downing Development Capital team for their continued dedication and support in expanding our healthcare investment activities with a focus on quality, performance and reputation. 

Congratulations Mark!

Development Capital  

Downing Development Capital is an award-winning investor focused on investment opportunities into asset-backed operating businesses with downside protection. Typical sectors they invest in include healthcare, specialist education, hospitality, leisure and IT infrastructure.

Learn more about our Development Capital team

Investment manager Downing is developing one of Finland’s first co-located wind and energy storage projects, positioning the firm as a leader in Nordic hybrid solutions.

The development showcases the full capabilities of the Downing Energy & Infrastructure team, from identifying the spare grid capacity opportunity at the Konttisuo wind farm to managing the delivery of the new 20 MW battery energy storage system (BESS).

The project is being developed at the site of the c.30MW Konttisuo onshore wind farm, which Downing acquired in 2022 as its first investment in Finland, located in the Southern Ostrobothnia region.

This co-location project builds on Downing’s commitment to identifying and implementing innovative investment strategies for core renewable generation technologies.

The project is an example of multiple in-house teams at Downing working together to enable the wind farm and BESS to operate in compliance with grid operator requirements.

The Finnish project adds to Downing’s development pipeline of more than 9GW across the UK and Europe and spans multiple technologies. It also supports its strategy of technological diversification and portfolio-level value creation.

Downing acquire three hydropower plants in Finland
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Henrik Dahlström, Senior Investment Director at Downing said: “Developing one of the first co-located energy and storage development in Finland firmly positions Downing as a leader in Nordic hybrid solutions. It has been delivered through an innovative approach to investment and operational improvement, encouraging co-location in places that have not typically been seen before. This results in better grid security and improved asset performance.”

Torsten Mack, Investment Director at Downing, said:

"We are proud to support this exceptional management team, whose strong track record positions them well to build a new business in dementia care. This needs-based sector is underpinned by a lack of quality supply and we are investing in Fortava Healthcare to set and deliver high standards, and to help make a difference."

Johann van Zyl, CEO at Fortava, added:

"I’m thrilled to be working with Jamie, as we share the same values. We plan to grow Fortava into a leading provider of dementia care over the next five to seven years. But growth isn’t our primary focus—our goal is to deliver outstanding care and foster a joyful, supportive environment for both residents and staff. We’re delighted to be partnering with Downing who also share our values and we look forward to this journey with them."

Jamie Stuart, CFO at Fortava, commented:

“For me, it's about being more than just another care home provider. While dementia care in the UK is generally of a good standard, we want to set ourselves apart with a fresh approach. That’s why, after over 25 years in banking, I chose to partner with Johann and Downing on this venture.”

About Downing Energy & Infrastructure

Downing has more than 90 professionals dedicated to renewable energy and infrastructure. Downing has a successful track record in developing, investing and managing renewables, storage and grid support infrastructure. Since 2010, Downing’s Energy & Infrastructure team has made more than 200 investments and has around £920 million of assets under management in the solar, wind, hydro and battery storage sectors with an expected annual energy generation of around 855GWh.

Its asset management team manages around 16,400 individual installations across six different technologies. A proprietary IT system allows the team to analyse one billion data points from the portfolio.

For more information about Energy & Infrastructure at Downing click here.

The development showcases the full capabilities of the Downing Energy & Infrastructure team, from identifying the spare grid capacity opportunity at the Konttisuo wind farm to managing the delivery of the new 20 MW battery energy storage system (BESS).

The project is being developed at the site of the c.30MW Konttisuo onshore wind farm, which Downing acquired in 2022 as its first investment in Finland, located in the Southern Ostrobothnia region.

This co-location project builds on Downing’s commitment to identifying and implementing innovative investment strategies for core renewable generation technologies.

The project is an example of multiple in-house teams at Downing working together to enable the wind farm and BESS to operate in compliance with grid operator requirements.

The Finnish project adds to Downing’s development pipeline of more than 9GW across the UK and Europe and spans multiple technologies. It also supports its strategy of technological diversification and portfolio-level value creation.

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Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: Downing, 10 Lower Thames Street, London, EC3R 6AF.

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