Watson Farley & Williams Advised Lenders On €330m OX2 Finnish Onshore Wind Project Financing

Watson Farley & Williams advised lenders on €330m OX2 Finnish onshore wind project financing

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.

Henry said, “It has been a pleasure to work with a diverse banking group to support OX2’s exciting transition from developer to IPP”.

The Watson Farley & Williams London Energy team was led by Global Energy Sector Head and Projects Henry Stewart (Partner), supported by Paul Simpson (Partner), James Harrison (Counsel), and Tara Goalen (Associate), and Elias Votta (Associate). Financial Markets & Products Rob McBride (Partner), and Kristina Buckberry (Associate), advised on the hedging aspects of the transaction, with Emily Lamberto (Senior Associate ), leading on due diligence matters.

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