Augusta & Co is pleased to announce its role as the exclusive financial adviser to OX2 in securing over €600m of project financing for their 472MW greenfield wind portfolio in Finland. OX2 was acquired by EQT in October 2024. This transaction, the first in the Nordics under EQT ownership, represents the foundation stone of the strategy to develop, build, and operate assets through the highly successful OX2 platform.
OX2 instructed Augusta & Co in October 2024 to close the financing before the end of Q1 2025 to enable construction of the two wind-farms to commence on schedule. Augusta & Co successfully secured the substantial liquidity, which is being underwritten by Santander Corporate & Investment Banking, amidst a period of global political and economic change. The exceptional speed of execution, particularly for such a large debt raise, stands as a testament to OX2’s market leading position, and to the dedication and focus of all stakeholders and advisers who delivered this transaction.
Shyam Sankar, Managing Director at Augusta & Co: “We are delighted to have supported OX2 in securing this innovative debt financing package, which stands among the largest onshore financings in Finland. It was a pleasure to work with the OX2 team on this complex transaction and to support OX2’s exciting transition.”
Contact:
Shyam Sankar: SSankar@augustaco.com