Profile

Jonas Frii is a senior partner with nearly 30 years of experience advising on energy, infrastructure, electrification and real-asset transactions across the Nordic region. He is widely recognised for his deep sector insight and long-standing presence in the market, acting for leading investors, developers, utilities, infrastructure funds and public authorities on complex project investments, financings and divestments.

Jonas has a uniquely broad track record across critical infrastructure, including data centers, large-scale grid and electrification projects, energy-intensive industries, battery and hybrid assets, solar and onshore/offshore wind. His experience covers the full lifecycle of major infrastructure projects, from land acquisition and permitting to power strategy, PPA/offtake structures, regulatory matters, long-term contracting and project execution.

He has played a central advisory role in many of the Nordic market’s most significant energy and infrastructure projects over the past decades, and is also active in the rapidly expanding Nordic data center sector — advising on grid capacity, regulatory frameworks, energy contracting and project delivery. His mandates frequently involve cross-border transactions, project financing and complex negotiations, and he has advised Swedish state entities including the Ministry of Finance and the National Property Board.

Jonas is recognised for 14 years by Legal 500 (Energy) – Hall of Fame and for 13 years by Chambers Europe (Energy & Natural Resources) – Band 1, reflecting his longstanding and highly regarded position in the Nordic energy and infrastructure market.”

Språk: English, Swedish, Swedish

Karriär

2000-

Setterwalls

1998-2000

Advokatfirman Lindahl

1998

Trelleborg District Court

1998

Lund University, Bs.S.

1997

Lund University, LL.M.

Rekommendationer

  • “Jonas Frii is great to work with and has excellent sector knowledge.”

    Chambers Europe

  • “Jonas Frii, Tove Andersson and Martin Sandgren are all very good lawyers in their respective fields of law and possess an impressive sector knowledge. A team that is hard to beat.”

    Legal 500

  • “Jonas Frii is an exceptionally good team leader and also the best M&A lawyer in the market.”

    Legal 500

  • “He is ridiculously well connected and experienced.”

    Chambers Europe

  • “He brings a depth and breadth of experience to what could be considered commoditised advice.”

    Chambers Europe

  • “He manages a tightly run team, always delivers and is always available.”

    Chambers Europe

  • “Jonas has great market knowledge, has an extremely good service level and takes on complex situations with brilliance.”

    Chambers Europe

  • “Jonas Frii’s team is more than a well-oiled machine – they are up with the best in Europe.”

    Legal 500

  • “A great strategist with an unquestionably determination to put our needs first.”

    Legal 500

  • “Jonas Frii is the best energy lawyer in the Swedish market – if it comes to energy transactions there is no-one in the market that can match his capabilities, negotiation skills, legal and business acumen and stamina.”

    Legal 500

  • “Jonas Frii is our go-to lawyer for renewable energy transactions in Sweden.”

    Chambers Europe

  • “One of the most experienced lawyers in this field.”

    Chambers Europe

  • “Excellent industry knowledge and a brilliant hands-on approach.”

    Chambers Europe

  • “The team around head partner Jonas Frii has in-depth knowledge of the renewable energy market and market participants in the Nordics. Further, they have vast experience with respect to all legal areas that are relevant in connection with the development, erection and operation of wind farms in the Nordics.”

    Legal 500

  • “Jonas Frii – hands-on approach, deep understanding of renewables market, excellent quality of work, approachable.”

    Legal 500

  • “The team around Jonas Frii has in-depth knowledge of the market and all legal aspects related to wind energy projects in the Nordics. Jonas Frii provides his advice with a very pragmatic approach and is strong in upholding his client’s position in negotiations. He is probably one of the best lawyers available in the Nordics for renewable energy transactions.”

    Legal 500

  • “Jonas Frii cuts to the chase in a diplomatic way so no time is wasted.”

    Legal 500

  • “Cuts to the chase and avoids lengthy theoretical debates. He is customer-oriented, pragmatic and no-nonsense.”

    Chambers Europe

  • “Has a wealth of experience in the industry.”

    Chambers Europe

  • “Jonas Frii provides invaluable guidance and is particularly experienced in acquisitions and financings.”

    Legal 500

  • “Jonas Frii has a widely recognised practice in energy-related M&A and financing matters and is respected as an "outspoken, very confident and good negotiator" who "guides clients very well" through mandates. He offers particularly extensive experience in the wind power sector, where he advises clients on power purchase and other transactions.”

    Chambers Europe

  • “Jonas Frii enjoys solid praise from market observers who describe him as being a “pragmatic” practitioner.”

    Chambers Europe

  • “He is very professional, strict and also fair. He is calm and definitely reliable, and a very good negotiator.”

    Chambers Europe

  • “Consistently delivers the correct advice promptly under the leadership of hardworking, reliable expert.”

    Legal 500

  • “Brilliant mind, good memory, client-first mentality and pragmatic, solution-oriented approach.”

    Chambers Europe

  • “Sources describe Frii as: ’easy to work with and straightforward.”

    Chambers Europe

  • “Commercial and practical.”

    Legal 500

  • “Really good, fast and precise. An expert in this field.”

    Chambers Europe

  • “Jonas Frii is a ‘smart negotiator.”

    Legal 500

  • “Jonas Frii is ‘hardworking and highly regarded.”

    Legal 500

  • “Jonas Frii is an excellent team leader.”

    Chambers Europe

  • “Jonas Frii is a high level renewable energy lawyer with whom we have worked in the past and are always happy to refer to when operating in the energy sector in Sweden”

    Chambers Europe

  • “Jonas Frii is an experienced energy M&A lawyer with a holistic approach and understanding of all aspects of cases”

    Legal 500

Case

Case | 14 Jul 2026

Setterwalls has advised EnBW on the sale of its Swedish renewables platform to Eurowind Energy

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Case | 09 Jun 2026

Setterwalls has advised Catena on the divestment of two properties through share deals

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Case | 20 Apr 2026

Setterwalls has advised Catena AB on the divestment of ten properties

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Case | 10 Mar 2026

Setterwalls has advised Catena on the acquisition of a terminal in Jönköping

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Case | 27 Feb 2026

Setterwalls advised EQT-owned EdgeConneX on strategic Swedish data centre acquisition with potential capacity of up to 1 GW

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Case | 20 Feb 2026

Setterwalls has advised Catena on the acquisition of a Nordic logistics property portfolio valued at SEK 8.8 billion

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Case | 27 Nov 2025

Setterwalls advises Arise in connection with recommended public takeover bid from Aneo

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Case | 04 Jul 2025

Setterwalls advises Catena in the acquisition of a logistics facility in Jönköping

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Case | 07 Feb 2025

Setterwalls has assisted Selected Group and Regenergy Frövi in a debt investment and refinancing of green bonds worth 89 million euros from Goldman Sachs Alternatives

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Case | 16 Jan 2025

Setterwalls has assisted Arise AB (publ) in connection with a refinancing and early redemption of green bonds

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Case | 19 Sep 2024

Setterwalls advised Arise on the divestment of the 40 MW battery storage project “Pajkölen”

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Case | 19 Jul 2024

Setterwalls advised Octopus Renewables Infrastructure Trust plc in its sale of Ljungbyholm wind farm

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Case | 04 Jun 2024

Setterwalls assisted the sellers in the sale of the solar energy developer Helios to VINCI

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Case | 31 May 2024

Setterwalls assisted Catena in the acquisition of newly built logistics facilities for SEK 2.4 billion in Landskrona

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Case | 27 Mar 2024

Setterwalls has assisted Catena in its acquisition of a newly constructed logistics property for SEK 398 million in Helsingborg

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Case | 19 Mar 2024

Setterwalls has assisted SATS Group in its expansion in Scandinavia through the acquisition of Arlanda-based ground handling companies.

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Case | 12 Jul 2023

Setterwalls advises Catena AB in the acquisition of Bockasjö AB

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Case | 16 Mar 2023

Setterwalls has advised Axpo in connection with its acquisition of a battery storage facility with an installed capacity of 20 MW / 20 MWh from RES Renewable Norden and Scandinavian Capacity Reserve

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Case | 24 Jan 2023

Setterwalls has advised Marguerite in its divestment of a portfolio comprised of 23 wind turbine generators with an aggregate nameplate capacity of approximately 88.8 MW to Norwegian Aneo

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Case | 06 Jul 2022

Setterwalls has advised Arise AB in connection with issue of green bonds on Nasdaq Stockholm

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Case | 16 Jun 2022

Setterwalls has assisted Catena in the sale of a warehouse and logistics property to Alwex

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Case | 31 Mar 2022

Setterwalls has assisted Catena in connection with the acquisition of a portfolio of logistics properties

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Case | 16 Mar 2022

Setterwalls legal advisor to Octopus Renewables on its acquisition of the 31.5 MW Marhult wind farm from OX2

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Case | 08 Mar 2022

Setterwalls has advised Småkraft AS in connection with its subsidiary’s acquisition of a hydro power portfolio from Sandviken Energi Aktiebolag, comprising 10 power plants

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Case | 22 Feb 2022

Setterwalls has assisted Småkraft AS in connection with its subsidiary’s acquisition of a hydro power portfolio from Tekniska verken i Linköping AB (publ), comprising 22 power plants

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Case | 26 Nov 2021

Setterwalls has advised Helios in connection with the development of two solar projects

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Case | 28 Oct 2021

Setterwalls has assisted Småkraft AS in connection with its newly founded Swedish subsidiary Strömfallet Småkraft AB’s acquisition of the Orsa hydropower project from Orsa Besparingsskog

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Case | 22 Oct 2021

Setterwalls has assisted Småkraft AS in connection with its newly founded Swedish subsidiary Strömfallet Småkraft AB’s acquisition of the Strömfallet and Strömfallet Tunafors hydropower projects

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Case | 21 Oct 2021

Setterwalls has advised Axel Johnson and Axfood in concluding agreements for the largest establishment of solar farms in Sweden

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Case | 24 Jun 2021

Setterwalls has advised RWE in its divestment of the wind farm projects Skallberget, Utterberget and Tjärnäs

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Case | 27 May 2021

Setterwalls has advised Arise in its divestment of the wind farm projects Ranasjö- and Salsjöhöjden of 242 MW

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Case | 20 Dec 2020

Setterwalls has advised Martin & Servera in its negotiation and conclusion of a green power purchase agreement with Alight for the largest solar park in Sweden

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Case | 06 Nov 2020

Setterwalls has advised CEE Group in connection with its refinancing of the Zinkgruvan wind farm

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Case | 30 Sep 2020

Setterwalls has advised Commerz Real AG in its acquisition of a portfolio comprised of three wind farms in southern Sweden

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Case | 12 Mar 2020

Setterwalls has advised Octopus Renewables Infrastructure Trust plc in connection with its acquisition of the wind farm project Ljungbyholm of 48 MW from OX2

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Case | 16 Dec 2019

Setterwalls has advised Arise in its divestment of the wind farm project Skaftåsen of approx. 231 MW to funds managed by Foresight Group LLP

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Case | 08 Nov 2019

Setterwalls has advised Prime Capital in its acquisition, structuring, commercialisation and following financing of the wind farm project Stavro of approximately 254 MW

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Case | 15 Oct 2019

Setterwalls has assisted CEE Group in connection with its acquisition of a Swedish wind farm

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Case | 23 Sep 2019

Setterwalls has assisted Hamburg Commercial Bank in connection with the financing of the Lyngsåsa wind farm

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Case | 04 Mar 2019

Setterwalls has assisted Arise and Platina Energy Partners in connection with the sale of the wind farm Jädraås

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Case | 28 Jan 2019

Setterwalls has assisted Aquila Capital with the completion and takeover of the Lehtirova and Högkölen wind farms

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Case | 26 Sep 2018

Setterwalls has assisted Arise in the sale of the wind farm Bröcklingeberget of appr. 45 MW to re:cap global investors

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Case | 26 Sep 2018

Setterwalls has assisted Arise in the acquisition and following sale of Enviksbergets wind farm of appr. 37 MW to BlackRock

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Case | 22 May 2018

Setterwalls advises Aquila Capital in connection with its acquisition of the wind farm Ykspihlaja from OX2.

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Case | 23 Jan 2018

Setterwalls has assisted Aquila Capital in connection with its acquisition of the wind farm project Valhalla from OX2

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Case | 15 Nov 2017

Setterwalls has assisted Fontavis in connection with its acquisition of the wind farm Stigshöjden from OX2

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Case | 09 Oct 2017

Setterwalls assisted in the sale of Netcompetence Sweden AB

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Case | 04 Jul 2017

Setterwalls advised Arise in connection with its acquisition from Bergvik Skog and divestment to BlackRock of the wind farm SvartnäslackRock av 115 MW-vindkraftsparken Svartnäs

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Case | 26 Jun 2017

Setterwalls has assisted Marguerite in its acquisition of a wind farm from Element Power and Kraftö

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Case | 05 Apr 2017

Setterwalls has advised Arise in a rights issue of convertible bonds amounting to SEK 245 million

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Case | 25 Nov 2016

Setterwalls has assisted Aquila Capital in its acquisitions of wind farms from OX2 Group AB

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Case | 20 Jul 2016

Arise AB has sold the wind farm Bohult to a fund managed by Allianz Global Investors

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Case | 23 Mar 2016

Setterwalls has assisted Arise in the sale of the wind farm Solberg to Fortum Generation

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Case | 29 Jan 2016

Setterwalls has assisted Enzymatica AB (publ) in the acquisition of the Icelandic company Zymetech

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Case | 10 Sep 2015

Setterwalls has assisted Arise in the sale of the wind farm Skogaby to Allianz Global Investors

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Case | 07 Aug 2015

Setterwalls has assisted Arise AB (publ) in the sale of the wind farm Mombyåsen to Allianz Capital Partners

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Case | 20 Jul 2015

Setterwalls has assisted Arise AB (publ) in the sale of the wind farm Ryssbol to KumBro Vind

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Case | 20 Jan 2015

Setterwalls has assisted ewz on its acquisition of wind farms from Eolus Vind AB

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Case | 22 Dec 2014

Setterwalls has assisted Arise AB (publ) in connection with its sales of the wind turbine park Stjärnarp to KumBro Vind

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Case | 18 Nov 2014

Setterwalls advised Arise in connection with its divestment of the wind farm Brotorp to BlackRock

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Case | 01 Sep 2014

Setterwalls assists when Arise refinances one of its bonds

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Case | 16 Apr 2014

Setterwalls assists when Arise issues a five year green bond of SEK 1.1 billion

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Case | 18 Jun 2012

Setterwalls has assisted the sellers in connection with Nokia’s acquisition of Scalado

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Artiklar

Price caps for electricity producers – the situation in Sweden
News | 21 Dec 2022

Price caps for electricity producers – the situation in Sweden

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What IP-tricks to look out for when sourcing maintenance services for windfarms from a new supplier
News | 22 Nov 2021

What IP-tricks to look out for when sourcing maintenance services for windfarms from a new supplier

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New act alert; foreign investments in Swedish energy assets may be screened and prohibited
News | 12 Nov 2021

New act alert; foreign investments in Swedish energy assets may be screened and prohibited

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News on the Nordic energy market
News | 28 Apr 2021

News on the Nordic energy market

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Mitigating the Risk of Uncertainty: The Growth of Corporate PPAs
News | 14 Jan 2020

Mitigating the Risk of Uncertainty: The Growth of Corporate PPAs

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Setterwalls’ Energy Insights: The Plot Thickens
News | 20 Sep 2019

Setterwalls’ Energy Insights: The Plot Thickens

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M&A in Life Science and technology
News | 01 Aug 2019

M&A in Life Science and technology

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Life Sciences Report May 2014
News | 23 May 2014

Life Sciences Report May 2014

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