Augusta & Co is pleased to announce its role as exclusive financial adviser to OX2 in securing over €330 million of project financing to enable construction start for three greenfield onshore wind farms in Finland totalling 277MW.
It follows the €600 million financing of two of OX2’s Finnish greenfield wind projects completed earlier this year. In total, OX2 has raised over €900m in the Finnish market in 2025 for 750MW of greenfield onshore wind with support from Augusta & Co.
OX2 mandated Augusta & Co in May 2025 to close the financing in early December to maintain the construction schedule for the wind farms. Augusta & Co successfully secured committed financing from a diverse club of leading European lenders, encompassing KfW IPEX-Bank, NatWest, Nordea, and SEB. The exceptional speed of execution, particularly for a transaction of this scale and complexity, underscores both OX2’s market-leading position as a Sponsor and the dedication of all the lenders and stakeholders involved.
Matthias Taft, CEO at OX2 AB commented: “The investment underlines our commitment to Finland and to being a long-term owner of renewable energy assets. The projects are a substantial addition to our portfolio and an important step in our growth journey under the new strategy.”
Shyam Sankar, Managing Director at Augusta & Co commented: “It has been a pleasure to work with the exceptionally talented OX2 team, and to continue to support their exciting transition from a developer to IPP.”
Contact:
Shyam Sankar: SSankar@augustaco.com