Watson Farley & Williams (“WFW”) advised a consortium of lenders comprising KfWIPEX-Bank, NatWest, Nordea and SEB, on a €330m project financing granted to OX2 for the construction of three greenfield onshore wind farms in Finland with a total installed capacity of 277 MW.
This transaction follows the €600m financing of two other Finnish greenfield wind projects owned by OX2 completed earlier this year. In total, OX2 has raised over €900m 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.
The WFW London Energy team that advised the lenders was led by Global Energy Sector Head and Projects Partner Henry Stewart, supported by Partner Paul Simpson, Counsel James Harrison and Associates Tara Goalen and Elias Votta. Financial Markets & Products Partner Rob McBride and Associate Kristina Buckberry advised on the hedging aspects of the transaction, with Senior Associate Emily Lamberto leading on due diligence matters.
Henry commented: ““It has been a pleasure to work with a diverse banking group to support OX2’s exciting transition from developer to IPP”.
Augusta & Co acted as OX2’s exclusive financial adviser.
