Aquila Capital purchases an additional wind farm in Sweden from OX2
Aquila Capital, a leading European manager of alternative investments, has signed a purchase agreement with OX2 for 65 MW wind power. The agreement relates to the 18-turbine Högkölen wind farm in the municipality of Ljusdal. This is the second agreement between the parties in a short time.
The Högkölen wind farm will be built at an unusually favourable wind location with an average wind speed of 8.0 m/sec at the turbines' hub height. After having optimised the project, both technically and financially, OX2 estimates the wind farm to deliver 244 GWh of electricity per annum when operational. OX2 will construct the wind farm as a fully wrapped EPC contract.
“Högkölen is a technologically advanced project at an ideal site with excellent wind conditions and therefore perfectly adds to our existing portfolio in Scandinavia. The repeated cooperation with OX2 reflects the successful relationship we have mutually established, in line with our general approach to providing institutional investors with access to attractive assets through long-term partnerships with leading market participants in our core markets”, says Roman Rosslenbroich, CEO and Co-Founder of Aquila Capital.
"We are delighted to do even more business together with Aquila in such a short period of time. The project will strengthen our market position in the Nordic region, where we are currently building six wind farms, delivering a total of 420 MW", says Paul Stormoen, Managing Director for OX2 Wind.
In mid-October, OX2 and Aquila Capital entered a purchase contract for the 148 MW Lehtirova wind farm in northern Sweden. Both the Högkölen wind farm and the Lehtirova wind farm are expected to be handed over to Aquila Capital in December 2018. OX2 will then be responsible for technical and commercial management of the two wind farms.
Facts about the Högkölen wind farm
- 18 Vestas V126-3.6 MW wind turbines with a total height of 205 metres
- The farm is being built at Högkölen, in the municipality of Ljusdal, Gävleborg county
- The project enjoys an average wind speed of 8.0 m/sec at hub height on the turbines
- Estimated average production of 244 GWh per year with a load factor of 43%.
- Commissioning expected to December 2018.
For more information:
Paul Stormoen, Managing Director of OX2 Wind, phone: +46 (0)70-671 18 18, firstname.lastname@example.org
Julia Omeed, Aquila Capital, Manager Corporate Communications, phone: +49 40 87 50 50 12, email@example.com
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
About Aquila Capital
Established in 2001, Aquila Capital is committed to provide institutional investors worldwide with alternative investments solutions in real assets, financial and private markets. Applying a multi-disciplinary investment approach, Aquila Capital’s range of alternative investments is managed by dedicated specialists in their respective asset classes and underpinned by an infrastructure that combines strong operations, stringent corporate governance and a successful track record.
Aquila Capital is an owner-managed entrepreneurial firm that has been dedicated to developing alternative investment solutions since its establishment. Over 200 professionals across eight offices globally are working across the whole value chain of alternative investments to generate stable, positive returns for investors. Further information can be found at www.aquila-capital.com.