Fontavis portfolio wind farm Stigshöjden connected to grid
FONTAVIS and OX2 commissioned the Swedish 21.6 MW onshore wind farm Stigshöjden on schedule. FONTAVIS acquired the wind farm pre-construction in 2017 and completed it with OX2, one of the leading developers of large-scale wind power in the Nordic region. Stigshöjden wind farm consists of six Vestas V117 wind turbines, rated at 3.6 MW. Expected average production of the facility amounts to 62 GWh per year, equivalent to the annual electricity consumption of about 13,000 households. The commissioning marks the first completion of a greenfield asset in the Fontavis Renewable Infrastructure Fund Europe.
«The completion of Stigshöjden wind farm is an important milestone in the collaboration between FONTAVIS and OX2. The commissioning of the wind farm contributes directly towards achieving long-term renewable energy generation targets in Sweden, and underlines FONTAVIS’ commitment to the clean energy and infrastructure market», says Thomas Vogt, Director at FONTAVIS.
«The cooperation with FONTAVIS has worked very well during the construction phase and we are now looking forward to manage the wind farm for many years to come», says Paul Stormoen, CEO at OX2.
The successful completion and launch of Stigshöjden wind farm in line with initial schedule highlights both FONTAVIS’ and OX2’s competencies and commitment to the industry and to delivering high quality wind farms for the benefit of the environment and the investors.
For questions please contact:
Thomas Schmid, CEO Fontavis AG, Tel. +41 41 399 10 50
Paul Stormoen, CEO OX2, Tel. +46 70 671 18 18
FONTAVIS, a leading independent Swiss asset manager within the energy and infrastructure business, has been managing and developing renewable energy infrastructure assets since 2011. FONTAVIS delivers sustainable returns to its investors on direct investments in clean energy and infrastructure assets, the company currently manages over CHF 1 billion of client assets across three funds. www.fontavis.ch
OX2 develops, builds and manages renewable power generation. OX2 has taken a leading position in large-scale onshore wind power over the past 15 years, having generated more than 2 GW of wind power in the Nordic region. By constantly increasing access to renewable energy, OX2 is promoting the transition towards a more sustainable future. OX2 has operations in Sweden, Norway, Finland, Poland, Lithuania, France and Germany. Its head office is located in Stockholm, Sweden. Sales revenue in 2018 amounted to EUR 403 million. www.ox2.com
About Fontavis Renewables Infrastructure Fund Europe (FORTE)
Fontavis Renewables Infrastructure Fund Europe (FORTE) is a subfund of Fontavis SCS SICAV-RAIF with domicile in Luxembourg. This fund can be distributed in or from Switzerland to qualified investors only in accordance with Art. 10 Paragraph 3, 3bis, 3ter of the Swiss Collective Investment Schemes Act (CISA). The Swiss representative is ACOLIN Fund Services, Affolternstr. 56, 8050 Zurich. The Swiss paying agent is Rothschild Bank, Zollikerstr. 181, 8034 Zurich. For fund units distributed in or from Switzerland, the place of fulfilment and jurisdiction is the registered office of the Swiss representative. This document is intended for information purposes only and is neither an incitement nor an invitation to submit an offer, conclude an agreement, purchase or sell any securities or related financial instruments.