RES Successfully Closes Sale of 70MW BESS Project
by RES | Feb 28, 2025 | Reading time: 4 min
Gothenburg, 27 February 2025 – RES, the world’s largest independent renewable energy company, has successfully completed the sale of a fully ready-to-build 70MW/160MWh battery energy storage system (BESS) project in Ånge, Sweden. The project has been acquired by Delta Capacity, a Swiss-based developer of utility-scale battery storage solutions, with financial backing from Wood & Co., a leading European investment bank and asset manager.
With over 40 years of experience in renewable energy, RES continues to lead the way in delivering innovative storage solutions that support the integration of renewable power across the Nordics and beyond.
Magnus Igel, Business Development Director RES, comment on the deal: “The successful sale of the Agamemnon BESS project marks a significant milestone for RES and reinforces our commitment to delivering cutting-edge energy storage solutions that enable a cleaner, more resilient power system. Battery storage is essential for balancing renewable energy and ensuring grid stability, and we are proud to bring this project to life with Delta Capacity and Wood & Co. We look forward to seeing Agamemnon play a key role in Sweden’s transition to a fossil-free energy future.
Patrik Hes, CEO Delta Capacity Group, stated: “We are proud to contribute to the European energy transition and energy security by providing smart storage solutions. Our commitment to Sweden’s ambition of utilizing its renewable energy potential is at the core of our new site in Sweden, now one of the largest storage projects in Scandinavia. Clean energy requires a stable and flexible grid, which is why storage capacity plays a crucial role in the decarbonization and energy resilience. The potential for change is enormous and we are dedicated to drive it in Europe and overseas.”
Agamemnon has been developed from the ground up by RES and is now acquired by Delta Capacity and Wood & Co. as a fully ready-to-build asset. Strategically located adjacent to the Björnberget wind farm and near the Alby Hydrogen project, this storage facility will play a key role in enabling grid stability and maximizing the value of renewable energy in the region.
Vladimir Jaros, CEO of WOOD & Company, stated: “We are committed to accelerating Europe’s transition to renewable energy, and the acquisition of this project represents not only a significant step in that direction but also our first investment in Sweden within the WOOD & Company Renewables Subfund. We see great potential in the Nordic markets and look forward to expanding our presence in the region. This transaction reflects our commitment to identifying and pursuing high-quality opportunities, and we appreciate the dedication of all parties involved in bringing it to fruition.”
Filip Hes, Director of Business Development Delta Capacity AG and CEO of Delta Capacity AB, said: “We are excited to commence work on the Ånge battery storage project. In addition to providing flexibility and balancing services to Svenska Kraftnät when it needs it most, our Ånge BESS capacity of more than 160 MWh is estimated to power fifty thousand of homes for two hours of uninterrupted power supply. Our aim is to support the Swedish national grid and our distribution network partner Ellevio as early as in Q1 2026. With this project, we intend not only to contribute to Sweden’s energy transition but also share the benefits from this unprecedented change with the community, by creating jobs for people in Ånge and nearby towns as well as prioritising the employment of local companies as contractors.”
ENDS
About RES
RES is the world’s largest independent renewable energy company, working across 24 countries and active in wind, solar, energy storage, green hydrogen, transmission, and distribution. An industry innovator for over 40 years, RES has delivered more than 27GW of renewable energy projects across the globe and plans to bring more than 26GW of new capacity online in the next five years.
As a service provider, RES has the skills and experience in asset management, operations and maintenance (O&M), and spare parts – supporting 41GW of renewable assets across 1,300 sites. RES brings to the market a range of purposeful, practical technology-based products and digital solutions designed to maximise investment and deployment of renewable energy.
RES is the power behind a clean energy future where everyone has access to affordable zero carbon energy bringing together global experience, passion, and the innovation of its 4,500 people to transform the way energy is generated, stored and supplied. Visit: www.res-group.com
CONTACT FOR MORE INFORMATION:
Marcus Dunér
RES Press Office
+46 723 762829
About Delta Capacity
Delta Capacity is a fast-growing European battery storage developer, constructor, and operator focusing on delivering the most advanced battery storage projects from design to commissioning. Delta Capacity creates large-scale solutions to grid congestion, flexibility, capacity needs, balancing and support of national and regional grids through digitally advanced and reliable energy storage. Its multi-national team continuously grows its pipeline and is on track to bring more than 1 GW of BESS online across Scandinavia, Germany, and Central Europe by 2030, contributing to European energy security and independence. Visit: www.deltacapacity.com
CONTACT FOR MORE INFORMATION:
Filip Hes, Director of Business Development Delta Capacity AGand CEO of Delta Capacity AB
About Wood & Company
WOOD & Company is a major financial and investment group with a leading position in the Central European market, founded in 1991, with offices in seven major European cities: Prague, Bratislava, Warsaw, Milan, Bucharest, Dublin, and London. The group provides services in corporate finance, capital markets, securities trading, and asset management. In addition to its strong presence in real estate funds, WOOD & Co. manages its own renewables fund that invests in renewable energy sources (RES) projects and supporting technologies across Europe, reinforcing its commitment to sustainability and innovation in energy markets.
Wood & Co. is a boutique investment bank and asset manager headquartered in Prague, managing over EUR 1 billion in assets. With offices in nine European cities and New York, Wood & Co. specializes in innovative investment strategies supporting sustainable infrastructure.
CONTACT FOR MORE INFORMATION:
Martin Kodydek
Director of marketing and PR
[email protected]
