Natural Power, the global renewable energyconsultancy, has acted as the lender's technical adviser for OX2 to successfullysecure project financing for Fageråsen Wind Farm in Malung-Sälen, Sweden— a major milestone for the 189 MW onshore renewable energy project. It also marks the first Swedish project OX2will own and operate.
OX2 has secured long-term project financingfrom DNB Carnegie and UniCredit, and the 27‑turbine Fageråsen Wind Farm - alreadyunder construction - is expected to begin operation in the first half of 2028. Plans also include a 200 MWh battery energystorage system (BESS) to enhance the site’s overall power output.
Dr Joseph Gibbons, Advisory and Analytics Leadfor Natural Power Ireland, said: “We’re delighted to be working with OX2 again asit advances project development in the Nordic region. By delivering full technical due diligence,we’ve helped guide lenders through the project’s technical, environmental andcommercial complexities, enabling this critical investment decision. The Fageråsen Wind Farm represents asignificant investment in Sweden’s renewable energy infrastructure, and we areimmensely proud to have undertaken the advisory services.”
Joseph added: “Onshore wind – together with therapidly growing BESS sector - is playing an essential role in globaldecarbonisation. We’re delighted tosupport lenders and developers in ensuring projects like Fageråsen aretechnically robust and commercially viable, helping accelerate the deploymentof renewable energy infrastructure.”
Natural Power’s role encompassed a detailedreview and validation across all key technical areas to support financingdecisions, including:
- Full technical due diligence across key technical contracts, design and equipment specifications
- Grid connection and permitting evaluations
- Energy yield analysis and performance forecasting
- Stakeholder review and commercial risk assessment
- Liaison on financial model assumptions to ensure alignment with project performance expectations
Natural Power’s involvement with the FageråsenWind Farm builds on its longstanding expertise in technical advisory servicesfor renewable energy projects worldwide, supporting sustainable investment anddevelopment across wind, solar and storage technologies. Find out more about advisory services here: RenewableEnergy Project Due Diligence | Natural Powe
About OX2
OX2 is oneof Europe’s leading developers of large-scale renewable energy. It develops, builds, sells, owns andoperates large-scale renewable energy solutions, and has a presence acrossEurope and in Australia. Across itsNordic portfolio, the business has developed more than 2.5 GW of onshore windand manages more than 6.7 GW of wind, solar, and energy storage assets. More here: www.ox2.com
AboutNatural Power
Natural Power is an independent consultancyand service provider that supports a global client base in the effectivedelivery of a wide range of renewable projects, including onshore wind, solar,renewable heat, energy storage and offshore technologies. It has a global reach, employing more than550 staff across 12 international offices. Its experience extends across all phases of the project lifecycle, frominitial feasibility through construction to operations and throughout allstages of the transaction cycle.
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Contactdetails:
JaneMaher
PRand Media
NaturalPower
T:+44 7887 995 589
E:janem@naturalpower.com
