Jonas Frii Partner, Member of the Swedish Bar Association +46 10 690 04 04 +46 70 762 08 54 jonas.frii@setterwalls.se Practice areas: Equity Capital Markets / Corporate law / Mergers & Acquisitions, M&A / Banking and finance Industries: Energy & commodities / Infrastructure Languages: swedish, english Office: Malmo Assistant: Ulrika Karlsson Visit Linkedin profile Download vCard Profile I have a longstanding practice of 25 years in infrastructure and energy, with a focus on renewables and on challenges in a volatile energy market. As a consequence of my experience, I have had the pleasure of leading, and working with, important and innovative transactions within the area of renewables and conventional energy. My practice includes daily work with electrification and energy transition matters. The projects I work with are part of strong trends which will drive the evolution of the energy system for years to come. Commitments to meet decarbonisation under the Paris Agreement have remained strong despite pandemics and invasions, and investors’ appetites for energy transition assets is as high as ever. Numerous challenges are yet to be handled within the sector, and I feel proud and fortunate to frequently be invited to advise in projects that are crucial to future energy sourcing. My experience includes providing advice for implementation of multiple major projects in the Swedish and Pan-Nordic wind, hydro, hydrogen and solar space, power purchase/energy supply agreements, connection agreements, energy storage, transmission and peak load management regimes, pipelines, lifetime extensions and repowering in order to best exploit existing assets. I have had the pleasure of advising large investment funds, banks, developers, suppliers, off-takers- and board-led authorities such as the Swedish Ministry of Finance and the Swedish National Property Board. I have also advised the European Fund for Energy, Climate Change and Infrastructure, with the backing of six major European public financial institutions, and the European Commission. I have been fortunate to be top-ranked globally for my practice for the past 11 years, with recognition in both Chambers Europe and Legal 500 (Leading individual – Hall of Fame), see Recommendations. Read more Read less To our people careerrecommendationscasesarticles careerrecommendationscasesarticles 2000-,Setterwalls1998-2000,Advokatfirman Lindahl1998,Trelleborg District Court1998,Lund University, Bs.S.1997,Lund University, LL.M. 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 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 06 Jul 2022 Setterwalls has advised Arise AB in connection with issue of green bonds on Nasdaq Stockholm 16 Jun 2022 Setterwalls has assisted Catena in the sale of a warehouse and logistics property to Alwex 31 Mar 2022 Setterwalls has assisted Catena in connection with the acquisition of a portfolio of logistics properties 16 Mar 2022 Setterwalls legal advisor to Octopus Renewables on its acquisition of the 31.5 MW Marhult wind farm from OX2 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 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 26 Nov 2021 Setterwalls has advised Helios in connection with the development of two solar projects 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 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 21 Oct 2021 Setterwalls has advised Axel Johnson and Axfood in concluding agreements for the largest establishment of solar farms in Sweden 24 Jun 2021 Setterwalls has advised RWE in its divestment of the wind farm projects Skallberget, Utterberget and Tjärnäs 27 May 2021 Setterwalls has advised Arise in its divestment of the wind farm projects Ranasjö- and Salsjöhöjden of 242 MW 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 06 Nov 2020 Setterwalls has advised CEE Group in connection with its refinancing of the Zinkgruvan wind farm 30 Sep 2020 Setterwalls has advised Commerz Real AG in its acquisition of a portfolio comprised of three wind farms in southern Sweden 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 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 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 15 Oct 2019 Setterwalls has assisted CEE Group in connection with its acquisition of a Swedish wind farm 23 Sep 2019 Setterwalls has assisted Hamburg Commercial Bank in connection with the financing of the Lyngsåsa wind farm 04 Mar 2019 Setterwalls has assisted Arise and Platina Energy Partners in connection with the sale of the wind farm Jädraås 28 Jan 2019 Setterwalls has assisted Aquila Capital with the completion and takeover of the Lehtirova and Högkölen wind farms 26 Sep 2018 Setterwalls has assisted Arise in the sale of the wind farm Bröcklingeberget of appr. 45 MW to re:cap global investors 26 Sep 2018 Setterwalls has assisted Arise in the acquisition and following sale of Enviksbergets wind farm of appr. 37 MW to BlackRock 22 May 2018 Setterwalls advises Aquila Capital in connection with its acquisition of the wind farm Ykspihlaja from OX2. 23 Jan 2018 Setterwalls has assisted Aquila Capital in connection with its acquisition of the wind farm project Valhalla from OX2 15 Nov 2017 Setterwalls has assisted Fontavis in connection with its acquisition of the wind farm Stigshöjden from OX2 09 Oct 2017 Setterwalls assisted in the sale of Netcompetence Sweden AB 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 26 Jun 2017 Setterwalls has assisted Marguerite in its acquisition of a wind farm from Element Power and Kraftö 05 Apr 2017 Setterwalls has advised Arise in a rights issue of convertible bonds amounting to SEK 245 million 25 Nov 2016 Setterwalls has assisted Aquila Capital in its acquisitions of wind farms from OX2 Group AB 20 Jul 2016 Arise AB has sold the wind farm Bohult to a fund managed by Allianz Global Investors 23 Mar 2016 Setterwalls has assisted Arise in the sale of the wind farm Solberg to Fortum Generation 29 Jan 2016 Setterwalls has assisted Enzymatica AB (publ) in the acquisition of the Icelandic company Zymetech 10 Sep 2015 Setterwalls has assisted Arise in the sale of the wind farm Skogaby to Allianz Global Investors 07 Aug 2015 Setterwalls has assisted Arise AB (publ) in the sale of the wind farm Mombyåsen to Allianz Capital Partners 20 Jul 2015 Setterwalls has assisted Arise AB (publ) in the sale of the wind farm Ryssbol to KumBro Vind 20 Jan 2015 Setterwalls has assisted ewz on its acquisition of wind farms from Eolus Vind AB 22 Dec 2014 Setterwalls has assisted Arise AB (publ) in connection with its sales of the wind turbine park Stjärnarp to KumBro Vind 18 Nov 2014 Setterwalls advised Arise in connection with its divestment of the wind farm Brotorp to BlackRock 01 Sep 2014 Setterwalls assists when Arise refinances one of its bonds 16 Apr 2014 Setterwalls assists when Arise issues a five year green bond of SEK 1.1 billion 18 Jun 2012 Setterwalls has assisted the sellers in connection with Nokia’s acquisition of Scalado 21 Dec 2022 Price caps for electricity producers – the situation in Sweden 22 Nov 2021 What IP-tricks to look out for when sourcing maintenance services for windfarms from a new supplier 12 Nov 2021 New act alert; foreign investments in Swedish energy assets may be screened and prohibited 28 Apr 2021 News on the Nordic energy market 14 Jan 2020 Mitigating the Risk of Uncertainty: The Growth of Corporate PPAs 20 Sep 2019 Setterwalls’ Energy Insights: The Plot Thickens 01 Aug 2019 M&A in Life Science and technology 19 Apr 2018 Setterwalls Advokatbyrå once again top ranked in The Legal 500 23 May 2014 Life Sciences Report May 2014 14 Feb 2012 Setterwalls awarded “European Onshore Wind Deal of the year 2011” 02 Feb 2010 Three new lawyers to strengthen Setterwalls' environment group Chambers Europe (2019-2023) Legal 500 (2019-2023) ”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 & Partners”Has a wealth of experience in the industry.”Chambers & Partners”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