/LONDON, February 3, 2026, 9:00 GMT, RENEWABLE MARKET WATCH™/
OX2 will invest approximately 3 billion SEK in a 189 MW onshore wind farm in Malung-Sälen, Sweden. The Fageråsen wind farm will remain under OX2’s ownership after it is completed.
This is OX2’s first project in Sweden to be retained after commissioning. OX2 acquired the project from Eolus and Dala Vind in July 2025. Construction began shortly after, with completion and commissioning expected in the first half of 2028. Once operational, the wind farm will generate approximately 550 GWh of renewable energy annually for Price Area SE3.
The Fageråsen wind farm will include 27 Nordex N163/6.X turbines with a total capacity of 189 MW and is scheduled to become operational in the first half of 2028. A 200 MWh battery energy storage system is also planned to enhance the facility’s power contribution. OX2 has arranged a long-term project financing package from DNB, Carnegie, and UniCredit for the Fageråsen wind farm.
“This investment is important for Sweden and price area 3, which needs new capacity. It also marks a clear step toward our goal to grow as an independent energy producer and a leader in renewable energy across Europe,” says Matthias Taft, CEO, OX2 AB.
For more information and answers to your questions about the Sweden wind epower and battery energy storage system (BESS) market and related content, you may read here: Europe Onshore and Offshore Wind Power Market Outlook 2025 – 2034
For a better understanding of the benefits of using our reports, you may read here: Benefit List – Reports of Renewable Market Watch – 2026
Image Credit: OX2
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