ESS container project financing options in Sweden 2026

Does BW ESS have a green loan agreement with Nordea?

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.

Does BW ESS have a green loan?

BW ESS has secured a SEK 628 million green loan from Nordea Bank to finance its 211 MW/211 MWh battery storage portfolio in Sweden, marking the largest BESS financing deal in the Nordics to date. April 28, 2025. By Mrinmoy Dey

Did BW ESS borrow money from Nordea Bank?

Zurich-based BESS owner-operator BW ESS has borrowed SEK 628 million ($64.8 million) from Finland’s Nordea Bank for its 14-project battery energy storage system (BESS) portfolio in Sweden. The transaction is the company’s first external financing and is understood to be the largest BESS financing in the Nordics to date.

Did BW ESS & Ingrid capacity get a green loan?

BW ESS and Ingrid Capacity have secured a US$65 million green loan financing from Nordea Bank for a jointly-owned 211MW portfolio in Sweden.

What is BW ESS financing?

BW ESS is the BESS investment arm of shipping and energy group BW Group. The firms claimed the financing is the largest BESS financing in the Nordics to-date. Axel Holmberg, CEO of Ingrid Capacity, said: “This financing is more than a milestone—it’s proof that the market sees what we see: battery storage is not just an emerging technology.

Who owns BW ESS in Sweden?

Ingrid is the leading developer of BESS projects in Sweden, and its partnership with BW ESS is non-exclusive, meaning it has partnered with other investors for projects in the country. It partnered with investor SEB on a 196MW BESS portfolio and has also launched the design phase of a 100MW/200MWh project.