Natural Power has acted as lender’s technical adviser as OX2 secured long-term project financing for the 189MW Fageråsen Wind Farm in Malung-Sälen, Sweden.
The consultancy said OX2 obtained financing from DNB Carnegie and UniCredit for the 27-turbine onshore project, which is already under construction and is expected to begin operations in the first half of 2028.
It added that Fageråsen marks the first Swedish project that OX2 will own and operate.
Plans for the site also include a 200MWh battery energy storage system to enhance overall power output.
Dr Joseph Gibbons, advisory and analytics lead for Natural Power Ireland, said: “We’re delighted to be working with OX2 again as it advances project development in the Nordic region. By delivering full technical due diligence, we’ve helped guide lenders through the project’s technical, environmental and commercial complexities, enabling this critical investment decision. The Fageråsen Wind Farm represents a significant investment in Sweden’s renewable energy infrastructure, and we are immensely proud to have undertaken the advisory services.”
Gibbons added: “Onshore wind – together with the rapidly growing BESS sector – is playing an essential role in global decarbonisation. We’re delighted to support lenders and developers in ensuring projects like Fageråsen are technically robust and commercially viable, helping accelerate the deployment of renewable energy infrastructure.”
Natural Power said its role covered technical due diligence across contracts, design and equipment specifications, as well as grid connection and permitting evaluations, energy yield analysis and financial model alignment.