Mertaniemi Battery Energy Storage Facility Commissioned in Lappeenranta
Enordic is proud to have contributed to the delivery of one of Finland’s largest battery energy storage facilities, now in...
26 May 2025
Nordic Clean Energy-Focused IPP
Enordic Evergreen is a Nordic Independent Power Producer (IPP) committed to accelerating clean energy transition through long-term ownership, deep regional expertise, and strong local partnerships.
Long-Term Investments and Active Development
We invest in renewable energy infrastructure across asset classes and we pursue value creation through active ownership building on industrial capabilities and regional presence.
Backed by a Globally Leading Clean Energy Investor
Enordic Evergreen is 100% owned by the Ardian Clean Energy Evergreen Fund (ACEEF), providing a proven value creation approach and solid backing for continued growth investments.
Latest news
Ardian Advances Battery Storage Expansion in Finland with Second Investment
Our second battery energy storage investment in Finland is now underway! The strong collaboration between eNordic, Ardian Infrastructure, and Merus...
14 Feb 2025
Aleksi Lumijärvi Unveils Key Insights on Finland's Energy Market at Green Transition Webinar
World Energy Council Finland arranged a webinar on green transition investment situation and outlook in Finland. During the event, Aleksi...
28 May 2024
Ambition: Accelerating the energy transition
The Nordic countries have a strong energy infrastructure, integrated power markets and abundant access to renewable energy resources. This foundation allows the region to play a central role in global decarbonization and the development of future industries.
Enordic Evergreen’s ambition is to be a driving force in this transition. We aim to leverage our global industrial expertise and Nordic market know-how to build a regionally leading clean energy portfolio.
We are active, long-term owners – we develop and continuously seek to improve the performance of our assets. Embracing change, we explore new ways and innovative models to make our portfolio stronger than the sum of its parts. We aim to be a positive and responsible actor in the communities where we operate. Our ambition is to build long-term mutually beneficial partnerships with local stakeholders, developers, municipalities and commercial and operational counterparts.
Backed by Ardian’s Clean Energy Evergreen Fund, we have a long investment horizon and flexibility to operate. The evergreen model, combined with our active development approach and innovative mindset, makes us a great partner for parties seeking long-term collaboration. We’ve already taken multiple steps in the Nordics and we remain fully committed to further strengthening our platform in the region.
Portfolio: Nordic Infrastructure
Our current portfolio includes six operational wind farms with a combined capacity of approximately 500 MW, as well as 70 MW of battery energy storage projects.
Åndberg
Onshore Wind Farm · Capacity 280 MW · Sweden (SE2)
Status: Operational
Acquired: 2019
Ownership: 100% owned with Ardian funds
Hamnefjell
Onshore Wind Farm · Capacity 51.8 MW · Norway (NO4)
Status: Operational
Acquired: 2016
Ownership: JV with Finnmark Kraft
Lyrestad
Onshore Wind Farm · Capacity 76 MW · Sweden (SE3)
Status: Operational
Acquired: 2016
Ownership: JV with Rabbalshede Kraft
Lakiakangas
Onshore Wind Farm · Capacity 57.3 MW · Finland
Status: Operational
Acquired: 2020
Ownership: 100% owned with Ardian funds
Hamina
Onshore Wind Farm · Capacity 6.1 MW · Finland
Status: Operational
Acquired: 2023
Ownership: 100% owned
Honkajoki
Onshore Wind Farm · Capacity 21.6 MW · Finland
Status: Operational
Acquired: 2023
Ownership: 100% owned
Mertaniemi
Battery Energy Storage System · Capacity 38.5 MW / 38 MWH · Finland
Status: Operational
COD: 2025
Ownership: JV with Lappeenrannan Energia
Kaunola
Battery Energy Storage System · Capacity 30 MW / 30 MWH · Finland
Status: Under construction
Target COD: 2026
Ownership: 100% owned
Values: Cooperation for Clean Energy
We aim at establishing long-term business relationships
We will seek to establish long-term business relationships – we’re not looking for one-off deals – and will always act in a transparent and loyal manner. We will act responsibly and build long-lasting foundations with local communities that help respond to their needs. We believe that good business means shared outcomes for all.
We combine investment expertise, transaction ability, sector knowledge and local experience.
1
Loyalty
We seek to establish long-term business relationships and will always act in a transparent and loyal manner.
2
Responsibility
We act responsibly and build long-lasting foundations with local communities that help respond to their needs.
3
Win-win
We believe that good business means shared outcomes for all.
Management Team
Nordic team development, investment, M&A and management of the assets
Timo Pohjakallio
CEO
Timo Pohjakallio has over 25 years of international experience within the energy, investment, and M&A sectors. He has worked as a partner at Bain & Company and held various line leadership and development roles at Stora Enso and ESL Shipping.
Thomas Linnard
CFO
Thomas Linnard has over 10 years of experience in the renewable energy sector, most recently as CEO of Rabbalshede Kraft, a large Swedish wind power developer and operator.
Eero Auranne
Chairman of the board
Eero Auranne has 30 years of experience in the energy sector as CEO of Empower, President of ÅF Energy and Executive VP leading Fortum’s international power business.
Ardian: A world-leading private investment house
Ardian is a world-leading private investment house, with over 1,000 employees across 19 locations worldwide. It manages or advises $180 billion in assets across Europe, the Americas, Asia, and the Middle East on behalf of governments, institutions, pension funds, and high-net-worth investors. Ardian is an entrepreneurial business focused on supporting talented management teams to build sustainable, growing companies.
Ardian Clean Energy Evergreen Fund (ACEEF) is an open-ended clean energy fund. Its investment focus is on renewable assets and the energy transition. The fund is committed to making investments with a clear environmental objective, in line with the EU Sustainable Finance Disclosure Regulation (SFDR), Article 9. ACEEF invests globally, with a focus on Europe.
More about Ardian:
Ardian.com