Advancing renewable energy in a stalled market

Despite a political and permitting landscape that has slowed Sweden’s renewable buildout, OX2 is pushing ahead. The acquisition of the fully permitted Fageråsen wind project marks a decisive step forward in a chal¬lenging market.

In a Swedish renewable energy landscape slowed by politics and permitting, OX2 has taken a clear step forward with the acquisition of the Fageråsen wind project in Dalarna County that will remain under­ OX2 ownership once constructed.

The project is located in price area SE3, where electricity prices remain relatively high compared to other regions in Sweden, which supports the project's long-term profitability.

“With Fageråsen, we’re adding close to 550 GWh of renewable power per year. That's about 11 percent of Dalarna’s annual consumption. It’s a concrete contribution to Sweden’s energy transition, at a time when new projects are hard to move forward,” says Emelie Zakrisson, Country Manager Sweden.

“Until reforms make it easier to develop new projects from the ground up, we’ll keep finding creative ways to push renewables forward.” Emelie Zakrisson, Country Manager OX2 Sweden.

In connection with the wind farm, a battery energy storage system will also be built to ensure even greater delivery.

All key permits are already in place, allowing OX2 to move directly into the next phase. That’s significant in a market where many wind projects are being delayed or cancelled due to political and regulatory headwinds.

“The municipal veto continues to stall most onshore projects, and offshore developments have run into defence-related constraints,” Emelie explains. “By acquiring permitted projects, we can cut through some of that uncertainty and keep delivering new capacity to the grid.”

The strategy reflects both pragmatism and ambition, a way to maintain momentum while the policy landscape evolves.

“Until reforms make it easier to develop new projects from the ground up, we’ll keep finding creative ways to push renewables forward,” Emelie Zakrisson concludes.

“Fageråsen shows that progress is still possible, even in a challenging market.”

Published 2026-03-17