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Stegra Enters New Financing Round for Green Steel Plant
10/15/2025 - Stegra announced it is entering a new financing round for the construction of the first large-scale green steel plant in Boden, Sweden.
The new round aims to fund additional scope including the insourcing of infrastructure, covering of higher project costs, securing of a financial buffer and offsetting of state grants that were not fulfilled despite the EU Commission’s approval, the company said.
“Stegra has a unique position in the green steel landscape with a strong order book, a competitive cost position and proven execution capabilities,” said Henrik Henriksson, chief executive officer of Stegra.
The company said the additional scope of the project includes the insourcing of railway investments and investments in port infrastructure. While initially they were intended to be funded by external parties, Stegra will now design, build and own them. The round will also fund necessary groundwork and offset costs for materials, construction and installation.
“We have progressed more than 60% of the project and have clear visibility and a detailed plan for the full runway up to completion, including a timeline extension of three months to accommodate for the additional scope. We will now continue to advance the project with the additional strength that will be provided by this new financing round,” Henriksson continued.
Proceeds from the round are expected to represent about 15% of Stegra’s total project funding, the company said. It will be comprised of new equity, debt, outsourcing and selected strategic partnerships. Along with commitments from equity investors, Stegra is in discussions regarding outsourcing opportunities.
“Stegra has a unique position in the green steel landscape with a strong order book, a competitive cost position and proven execution capabilities,” said Henrik Henriksson, chief executive officer of Stegra.
The company said the additional scope of the project includes the insourcing of railway investments and investments in port infrastructure. While initially they were intended to be funded by external parties, Stegra will now design, build and own them. The round will also fund necessary groundwork and offset costs for materials, construction and installation.
“We have progressed more than 60% of the project and have clear visibility and a detailed plan for the full runway up to completion, including a timeline extension of three months to accommodate for the additional scope. We will now continue to advance the project with the additional strength that will be provided by this new financing round,” Henriksson continued.
Proceeds from the round are expected to represent about 15% of Stegra’s total project funding, the company said. It will be comprised of new equity, debt, outsourcing and selected strategic partnerships. Along with commitments from equity investors, Stegra is in discussions regarding outsourcing opportunities.
