Natural Power has acted as lender’s technical adviser on the long-term financing of the 189MW Fageråsen Wind Farm being developed by OX2 in Malung-Sälen, Sweden.
The consultancy said OX2 secured funding from DNB Carnegie and UniCredit for the 27-turbine onshore project. Construction is already under way, with operations expected to begin in the first half of 2028.
Natural Power added that Fageråsen will be the first Swedish wind project that OX2 both owns and operates. Plans for the site include a 200MWh battery energy storage system intended to enhance power output and flexibility.
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.”
He 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 scope covered technical due diligence across contracts, design and equipment specifications, grid connection and permitting reviews, energy yield analysis and alignment of the financial model.
