References/25 May 2023

Borenius advised OX2 on their co-operation agreement to develop +500 MW solar power capacity in Estonia

We advised OX2 on the entry into a co-operation agreement with Dasos Capital to develop 10 solar farms in Estonia. The capacity of the first five solar farms is estimated to be around 500 MW. The goal is to reach the investment decision for the first five projects in 2024–2025.

OX2 offers renewable energy solutions at scale. OX2 designs and builds sustainable projects and tailors these to meet its customers’ needs. OX2 has a proven business model and in-house expertise at every step of the process – from project acquisition and financing to engineering and design, permitting, procurement, construction, and technical and commercial management.

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Christian Fogelholm



Iida Mäkimattila

Senior Associate