Largest battery storage financing in the Nordics to date financing reaches financial close

On 28 April 2025, BW ESS, through a partnership with Ingrid Capacity AB, announced that it had entered into a green loan agreement with Nordea in order to finance a 211 MW operational BESS portfolio in Sweden. The portfolio of 14 large-scale BESS facilities is the largest in the Nordics. The project financing of the first BESS facilities in the portfolio reached financial close in May 2025.

BW ESS is a global energy storage owner-operator, moving with speed to develop and build market-leading energy storage projects across multiple countries.

Nordea was represented by Mannheimer Swartling in the transaction.

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