OX2 reaches FID on Polish solar and BESS project
Type: Financing · Technology: Solar, Storage · Country: Poland · Capacity: 165 MWp · Announced: 2026-06-01
OX2 has reached final investment decisions for two renewable energy projects in Poland, including the 165 MWp Lion solar farm and a 50 MW / 120 MWh battery energy storage system in Osiek Jasielski. The Lion solar project, located in the municipality of Sława, is forecast to generate approximately 184 GWh of electricity annually. The Osiek energy storage facility will enhance system flexibility and support the integration of more renewable power. OX2 secured long-term project financing for both projects through a package provided by NORD/LB and CaixaBank, strengthening its position in the Polish market.
Analysis
OX2 announced final investment decisions for a 165 MWp Lion solar farm and a 50 MW / 120 MWh battery energy storage system in Osiek Jasielski, Poland, on 2026-06-01, securing long-term project financing from NORD/LB and CaixaBank. OX2 is a renewable energy developer focusing on onshore wind, offshore wind, solar power, and energy storage projects, managing the entire value chain from project acquisition and greenfield development. NORD/LB, a German Landesbank, provides financial services including structured finance and syndications. The Lion solar project in Sława is forecast to generate approximately 184 GWh of electricity annually, while the Osiek energy storage facility will enhance system flexibility. This financing package strengthens OX2's position in the Polish market.
Key points
- OX2 announced FID on 2026-06-01.
- The deal involves a 165 MWp Lion solar farm and a 50 MW / 120 MWh battery energy storage system.
- The projects are located in Poland.
- NORD/LB and CaixaBank provided long-term project financing.
- The Lion solar project is forecast to generate approximately 184 GWh annually.