OX2 will manage a 45 MW wind farm owned by IKEA Group in Lithuania

OX2 will manage an existing wind farm owned by the IKEA Group comprising 19 Nordex wind turbines in Mazeikiai, northwestern Lithuania. This will be the fourth wind farm which OX2 is managing for IKEA Group.

OX2 has established a well-functioning management organisation for the Mazeikiai wind farm. A person has been employed locally by OX2 to inspect the wind farm, to carry out agreement- and stakeholder’s management. The proactive analysis of data, monitoring and reporting for the wind farm takes place from OX2's headquarters in Stockholm, Sweden.

"We are able to quickly establish ourselves in new markets thanks to qualified employees, large networks and good support systems. There is all the more reason for this assignment to be successful thanks to long-term collaborations with both IKEA Group and Nordex. We are extremely happy for the continued trust IKEA Group has shown in us and we look forward to creating the optimum conditions for IKEA Group to enjoy the greatest return on its investment", says Lars Bryngelsson, Managing Director for Technical and Commercial Management at OX2.

OX2's management portfolio comprises agreements for a total of 700 MW of wind power in the Nordic and Baltic countries, 177 MW of which is the result of a management assignments for IKEA Group.

Facts about the cooperation between IKEA Group and OX2 regarding the management of wind farms:
- Korpfjället, Sweden. 9 wind turbines from Siemens. In operation with OX2 as service provider since 2011.
- Rämsberget, Sweden. 7 wind turbines from Vestas. In operation with OX2 as service provider since 2014.
- Glötesvålen, Sweden. 30 wind turbines from Vestas. In operation with OX2 as service provider since 2014.
- Mazeikiai, Lithuania. 19 wind turbines from Nordex. In operation with OX2 as service provider since 2017.

For more information, please contact:
Lars Bryngelsson, Managing Director for Technical and Commercial Management at OX2, mobile: +46 70-539 17 68 E-mail: lars.bryngelsson@ox2.com

About OX2
OX2 is a renewable energy company with operations in wind power, solar power, bioenergy and geothermal energy. By offering sustainable investments, system solutions and products to financial operators, businesses and consumers, OX2 is a driving force in the conversion towards a renewable energy sector and a fossil fuel-free vehicle fleet. OX2 has realized a significant part of the large-scale onshore wind power projects in the Nordic region and produces biogas and green district heating in one of Sweden's largest biogas plants. For more information, please visit www.ox2.com

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About Us

OX2 is a renewable energy company with operations in wind power, solar power, bioenergy and geothermal energy. By offering sustainable investments, system solutions and products to financial operators, businesses and consumers, OX2 is a driving force in the conversion towards a renewable energy sector and a fossil fuel-free vehicle fleet. OX2 has realized a significant part of the large-scale onshore wind power projects in the Nordic region and produces biogas and green district heating in one of Sweden's largest plants. For more information, please visit www.ox2.com

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