Augusta & Co, part of Mizuho Financial Group, one of the world’s largest financial institutions, is pleased to announce its role as exclusive financial adviser to Mirova in securing senior debt financing for its recently acquired Swedish onshore wind portfolio.
The portfolio comprises the 88MW Fågelås, Dållebo and Boarp onshore wind farms, which were acquired by Mirova from Eolus in December 2025 on an unlevered basis. The assets benefit from a 15-year PPA covering a substantial share of annual electricity production, supporting long-term revenue visibility. The financing, arranged shortly after acquisition and provided by Danske Bank and La Banque Postale, enables Mirova to optimise the portfolio’s capital structure and enhance returns through highly competitive terms for a long-dated amortising facility.
Augusta & Co supported Mirova throughout the structuring, negotiation and execution of the financing package within a highly condensed timetable. The transaction further reinforces Augusta & Co’s track record in structuring and raising debt for Nordic renewable energy assets, following a series of landmark onshore wind, BESS and refinancing transactions across Sweden and Finland.
Olena Reznik, Director at Mirova, commented: “Following our acquisition of these assets from Eolus, we are happy to partner with Danske Bank and LBP on this financing which represents an important step in establishing an efficient long-term capital structure for the portfolio. Our adviser Augusta & Co proved to be an outstanding adviser throughout the process, combining deep sector expertise, strong lender relationships and excellent execution capabilities to help us secure a highly attractive debt package within an exceptionally short timeframe. Their commitment, responsiveness and ability to navigate any due-diligence matters were instrumental to the successful outcome.”
Romane Guitard, Partner at Augusta & Co, commented: “We are delighted to have advised Mirova on this transaction. Despite a more challenging Nordic lending market backdrop, we delivered highly attractive financing terms within an accelerated timeline. This transaction reflects Augusta & Co’s commitment to always achieve the best possible outcomes for our clients, while also highlighting Mirova’s strong expertise and proven track record in renewable energy investments.”
Matthieu Guémené, Head of Energy Project Finance at La Banque Postale, commented: “We are very pleased to support Mirova on this transaction, which marks La Banque Postale’s first transaction in Sweden and underscores our commitment to the energy transition across Europe. Acting as arranger, lender and hedging bank, we delivered a competitive long-term financing structure, supported by the strong fundamentals of the underlying portfolio and facilitated by our strong partnership with Mirova. We also thank Augusta & Co and Danske Bank for their professionalism and commitment, which were key to the successful execution of this transaction.”
Joacim Nässén, Head of LC&I at Danske Bank Sweden, commented: “With a power purchase agreement (PPA) supporting long-term revenue stability of these wind farms, we are excited to have contributed to the financing of this transaction. Access to renewable energy is pivotal for societies to succeed with the transition to a low-carbon economy. Danske Bank, as a leading Nordic financial institution, is committed to support this development, and we would like to thank the sponsor and all parties for an excellent cooperation.”
Contacts:
Romane Guitard: RGuitard@augustaco.com
Gianandrea Massola: GMassola@augustaco.com