WFW advises lenders on €330m financing for OX2 Finnish onshore wind projects

"Watson Farley & Williams advised a consortium of lenders (KfW IPEX-Bank, NatWest, Nordea and SEB) on a €330m project financing for OX2 to build three greenfield onshore wind farms in Finland (277 MW). Augusta & Co acted as OX2's exclusive financial adviser. The deal follows earlier €600m financing and brings OX2's 2025 Finnish greenfield raise to over €900m for 750 MW."

Watson Farley & Williams advised a consortium of lenders comprising KfW IPEX-Bank, NatWest, Nordea and SEB, while Augusta & Co acted as exclusive financial adviser to OX2. The lenders provided a €330 million project financing facility to OX2 for the construction of three greenfield onshore wind farms in Finland with a combined installed capacity of 277 MW. This transaction follows a €600 million financing completed earlier in 2025 for two other Finnish greenfield wind projects owned by OX2; in total, OX2 has raised more than €900 million in the Finnish market in 2025 for 750 MW of greenfield onshore wind. Stockholm-headquartered OX2 develops and operates onshore and offshore wind, solar and energy storage projects across Europe and Australia. Watson Farley & Williams represented the consortium of lenders (KfW IPEX-Bank, NatWest, Nordea and SEB) with a team composed by: Henry Stewart (Global Energy Sector Head and Projects Partner); Paul Simpson (Partner); James Harrison (Counsel); Tara Goalen (Associate); Elias Votta (Associate); Rob McBride (Financial Markets & Products Partner, advising on hedging); Kristina Buckberry (Associate, advising on hedging); and Emily Lamberto (Senior Associate, lead on due diligence). Augusta & Co acted as exclusive financial adviser to OX2.

WFW advises lenders on €330m financing for OX2 Finnish onshore wind projects

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads