OX2 is constructing the third largest wind farm in Finland

Lundin Petroleum has signed a purchase agreement with OX2 for the Metsälamminkangas 132 MW wind farm in northern Finland. This is the third largest wind farm to be constructed in Finland and its being constructed without government subsidies.

The Metsälamminkangas wind farm, comprising 24 wind turbines, will be constructed in the municipality of Vaala, North Ostrobothnia. OX2 has for the first time chosen GE Renewable Energy as supplier of the turbines. The site of the farm is renowned for its favourable wind location with an average wind speed of approx. 7.2 m/sec at the turbines' hub height.

“We are very pleased to be partnering with OX2 on this project. Alongside our existing hydroelectricity project in Norway, the Metsälamminkangas wind farm will enable us to replace a big share of our net electricity usage, powering our offshore Norway oil and gas production facilities”, says Alex Schneiter, President and Chief Executive Officer at Lundin Petroleum.

The project rights for Metsälamminkangas was acquired by OX2 in 2019 and the project has since then been optimized for the construction phase. OX2 is constructing the wind farm as an EPC contract and will also be entrusted with responsibility for the technical and commercial management of the farm. The facility is planned to be commissioned for Lundin Petroleum in December 2021 and is expected to produce approximately 400 GWh per year.

“This is our largest project to date in Finland, which has become one of the fastest growing markets for wind energy investment in Europe. We are pleased that we can offer an attractive non-fossil investment for Lundin Petroleum”, says Paul Stormoen, CEO of OX2.

OX2 is currently in total constructing 1,2 GW, including seven wind farms of approximately 340 MW in Finland.

Facts about the Metsälamminkangas wind farm:
- 24 wind turbines from GE, model Cypress 5.5 MW with a total height of 220-230 metres
- Expected average production of approximately 400 GWh per year, equivalent to the electricity consumption of more than 80,000 households (5,000 kWh per household)
- Estimated commissioning date December 2021
- Major sub-contractors: GE (turbine supplier), Suvic (construction work and internal electricity networks), Kajave (grid connection).

For more information:
Rebecca Karlsson, Head of Communications OX2, Tel. +46 734 21 50 50, Mail: rebecca.karlsson@ox2.com
Robert Eriksson, Head of Media Communications, Lundin Petroleum, Tel. +46 701 11 26 15, Mail: robert.eriksson@lundin.ch

About OX2
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 and France. Its head office is located in Stockholm, Sweden. The sales revenue amount to approx. EUR 470 million. www.ox2.com

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About OX2OX2 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 2,3 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 and France. Its head office is located in Stockholm, Sweden. Sales revenue in 2019 amounted to EUR 463 million. . For more information, please visit: www.ox2.com

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Quotes

We are very pleased to be partnering with OX2 on this project. Alongside our existing hydroelectricity project in Norway, the Metsälamminkangas wind farm will enable us to replace a big share of our net electricity usage, powering our offshore Norway oil and gas production facilities
Alex Schneiter, President and Chief Executive Officer at Lundin Petroleum
This is our largest project to date in Finland, which has become one of the fastest growing markets for wind energy investment in Europe. We are pleased that we can offer an attractive non-fossil investment for Lundin Petroleum
Paul Stormoen, CEO of OX2