In connection with the signing, Eolus received a payment amounting to 6,6 MSEK. Reimbursement of Eolus’ project capex is conditional upon certain regulatory approvals. Additional payments of substantial size will be made to the sellers once the buyer makes a final investment decision for construction of the project.

A joint venture with local roots and national expertise
The Fageråsen Project is the result of a long-term collaboration where two parties with complementary strengths have contributed to its success:

Eolus AB, one of Sweden’s most experienced developers of renewable energy solutions with 35 years in the industry and operations in six markets, has brought extensive technical expertise, project management, and business acumen. Eolus has been responsible for strategic project development and the overall structure required to carry out a project of this scale.

Dala Vind AB, with deep roots in the region and a strong presence in the local community, has played a crucial role in land negotiations, community dialogue, and regional integration. Through its local network and ability to create acceptance and participation, Dala Vind has laid the foundation for a project that is both sustainable and well-anchored in the local area.

Together, the companies have shaped a project that aims not only to deliver significant amounts of renewable electricity, but also to create local value and contribute to a more robust energy system.

Strengthened grid and increased energy security in Dalarna
An important component of the project is that Fageråsen will help establish an additional transmission grid point in Dalarna. This is of strategic importance for the entire region, as it increases grid capacity, reduces vulnerability, and strengthens energy security—something that is crucial as the electrification of industry and transport continues.

OX2 takes over for implementation and long-term ownership
OX2 is acquiring the project with the ambition to complete construction and remain as the long-term owner and operator. With broad experience in developing, constructing, and managing renewable energy projects in both Europe and Australia, OX2 is a strong partner to drive the project into its next phase. The Fageråsen wind farm will become part of OX2’s growing portfolio of energy parks, where the company acts not only as developer and manager but also as a long-term owner. The goal is for the park to be fully operational by early 2028.