OX2 invests in a co-located wind and battery energy storage project, strengthening its position at the forefront of hybrid renewable solutions in Sweden

The investment is part of OX2’s long-term commitment and ownership strategy in the area. In March, the company announced an investment of approximately SEK 3 billion in the Fageråsen wind farm, which will become the first wind farm that OX2 will own in Sweden upon completion. OX2 will also own the energy storage facility as part of the company’s growing portfolio of renewable energy assets.

"The energy storage together with the Fageråsen wind farm, strengthens our presence in the Swedish market and adds to our portfolio with solutions for electrification. The combination of wind and energy storage enables better alignment of production with demand and ensures more efficient use of the electricity generated. In this way, we do not only add new renewable capacity but also contribute to a more resilient and future-proof energy system in Sweden", says Matthias Taft, CEO of OX2 AB.

OX2 has secured financing for the energy storage facility with DNB and UniCredit through an extension of the commitments already made for the Fageråsen wind farm in February 2026.

OX2 has signed a supply agreement for the battery energy storage system with Trina Solar. The agreement marks a key milestone in the procurement process and reflects OX2’s systematic approach and strong commitment to project execution.

Construction of the battery energy storage facility will begin during the summer and it is expected to be commissioned at the end of 2027.