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We are very pleased to be partnering with Renewable Power Capital for the construction of these wind farms. OX2 remains firmly committed to leading the ongoing energy evolution and, with today’s announcement, have started construction of a total of 14 wind farms in Finland.
Paul Stormoen, CEO, OX2
We are pleased to announce this acquisition as our debut investment in one of our target markets, with a best-in-class partner. The investment is a good example of our long-term investment strategy. Finland is an attractive market, given the strong wind resource, depth of Nord Pool, and ongoing corporate power purchase agreement activity. OX2 has an excellent track record developing high-quality, well-optimized wind projects that deliver a low levelized cost of energy and can compete without subsidies. We look forward to building on this in the years to come.
Bob Psaradellis, CEO, Renewable Power Capital
In recent months we have established a good working relationship with RPC and are happy to have been able to complete this transaction. We are now looking forward to our continued collaboration and the construction of the projects.
Klara Wennström, Transaction Manager, OX2
I am so pleased that we have been able to make our first investment so quickly after our incorporation, we look forward to working with OX2 on the construction of the projects.
Shaun Kingsbury, Chairman, Renewable Power Capital
We are proud to have contributed a significant amount of renewable energy for Europeans. In order to counter the climate crisis, all countries need to continue expanding wind power
Paul Stormoen, CEO for OX2.
Wind will be the backbone of Europe’s future energy system. By 2050 the EU wants up to 750 GW of onshore wind (today we have 197 GW). To reach this target we need the right policy framework for building new wind. But even more importantly, we need people and companies who are keen to roll up their sleeves and deliver the energy transition. OX2 exemplifies this spirit
WindEurope CEO Giles Dickson
These were among the very first subsidy free wind farms ever built in Europe and really started a new era of subsidy free wind power in Finland. It feels great to have contributed to IKEA’s goals to prevent climate change
Teemu Loikkanen, OX2’s Country Manager for Finland.
We are pleased to have Altor as a partner in OX2. The company has an ambitious plan, and we are convinced that Altor will be able to contribute its expertise in the steps we plan to take with the company. It has been important for Peas Industries to maintain the majority ownership and at the same time collaborate with one of the leading players in the private equity sector Johan Ihrfelt
CEO and Co-founder of Peas Industries
This is a landmark investment for Altor. I am excited to partner up with OX2 and Peas Industries and jointly drive the transition to a fully renewable energy sector in order to achieve a carbon neutral future
Harald Mix, founder and Partner at Altor
OX2 is on an exciting mission of leading the ongoing energy transition and we are confident that getting Altor on the team will strengthen our position in the rapidly expanding renewable energy market. In the coming years we aim to focus on further growth in our core markets as well as adding new geographies and technologies to our portfolio
Paul Stormoen, CEO of OX2
We are very impressed by OX2, the management team and the employees. We truly believe in the company, its strategy and its employees and think it will be very exciting to partner with the founders and Peas Industries on this journey to accelerate the ongoing energy transition and develop OX2 into the leading renewables company
Petter Samlin, Partner at Altor.
This investment follows our renewable strategy to focus on low-subsidy projects with highly competitive LCOE. Achieving COD is an important milestone, and we look forward to our ongoing collaboration with OX2 during operations
William Pierson, Managing Partner at Marguerite
The cooperation with Marguerite has worked very well. Reaching COD for this project is once again a proof of OX2’s core strength and focus to contribute to the transition. We have now generated more than 2,3 GW wind power in Europe
Paul Stormoen, CEO of OX2
Brännliden offers an outstanding wind resource and, at an average wind speed of over 8 m/s at hub height, the site represents one of the best onshore wind power locations in the Nordics. Project development was initiated by OX2 in 2013, and we are pleased to see operation now commence and are looking forward to managing the wind farm for many years to come
Lars Bryngelsson, CEO OX2 TCM
With the completion of another wind farm in Sweden with OX2, Fontavis again demonstrates its competence and ability to generate attractive deals and successfully implement them with the right partners
Thomas Vogt, Director at Fontavis
We are pleased that we were able to implement another project with Fontavis. As with the Stigshöjden wind farm that was commissioned last autumn, the cooperation during the construction phase worked very well. We are now committed to manage the wind farm for Fontavis to ensure a safe operation and to deliver the greatest possible return of investment
Paul Stormoen, CEO at OX2
OX2 acquired the project rights in 2019 and has, since then, continued to develop the project. Thanks to this we can now sign the contract with ORIT and begin the construction process. We have ensured that the wind farm can deliver electricity at competitive prices
Dimitrios Tsioulis, Transaction Manager at OX2.
OX2 plays a major role in the energy transition based on competitive renewable energy. As a result of the Ljungbyholm wind farm deal we now have generated more than 2,3 GW wind power in Europe
Paul Stormoen, CEO at OX2
We are delighted to have had the opportunity to acquire this asset in southern Sweden – our first in the country. Scandinavia is an attractive market due to the possibility of combining high levels of wind resource with the latest wind turbine technology, and we hope to continue to build our presence in this region. It has been a pleasure working with OX2, who share our passion for the transition to renewable energy and this acquisition opens the door for further opportunities to collaborate in the future
Chris Gaydon, Investment Director at Octopus Renewables
Poland is potentially one of Europe’s most important growth markets for wind power and we are excited to start the construction of OX2’s first project in Poland. We are looking forward to the partnership with MEAG and to be part of the Polish energy transition and create a more sustainable future
Paul Stormoen, CEO of OX2
We are very happy to have finalised this transaction, and about the collaboration with OX2. With the power generated by the Zary wind park, we will be able to save 750,000 tonnes of CO2 by 2050 as compared to the current energy mix in Poland. This project meets our exacting demands on sustainable and commercially successful investments
Holger Kerzel, managing director at MEAG
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
We are excited that our investments in wind power are now taking a step forward with the handover of Ponsivuori wind farm from OX2. IKEA is committed to being climate positive by 2030 through accelerating the transition to a low carbon economy. Our investments in clean, renewable wind power stand at the core of this ambition
IKEA Finland’s Sustainability Manager Tiina Suvanto
We would like to thank IKEA, the municipality, the landowners and our subcontractors for their cooperation which has enabled the wind farm to be commissioned on schedule
Teemu Loikkanen, country manager OX2 Finland
The Finnish wind energy market continues to be a highly attractive investment destination for our international institutional investors looking to diversify their portfolios across markets and types of energy production
Susanne Wermter, Head Investment Management Energy & Infrastructure EMEA at Aquila Capital
We are delighted to continue our successful collaboration with Aquila and to establish our fifth wind power project together
Paul Stormoen, CEO of OX2
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
Thomas Vogt, Director at FONTAVIS
We are pleased to announce our first greenfield investment in Finland and the first onshore wind project for Infracapital Greenfield Partners Fund I. As a leading infrastructure investor, Infracapital is delighted to partner with Nordic developer OX2 in a project to deliver sustainable value to our investors, whilst making a material contribution to renewable energy in Finland
Michele Armanini, Managing Director at Infracapital
We are very pleased to have established a good working relationship with Infracapital and are looking forward to our continued collaboration. With this contract included, we are now building six wind farms without subsidies in Finland, which shows that wind power will play a leading role in the transition to sustainable energy
Paul Stormoen, CEO of OX2
I’m delighted to be partnering with OX2 to deliver GIG’s third PPA-backed onshore wind development in Sweden in under two years.
Ed Northam, Head of GIG EMEA
We are very pleased to establish this relationship with Green Investment Group, a very strong and capable investor into Nordic renewables
Paul Stormoen, CEO of OX2
OX2 has huge experience with such projects, from the development stage to commissioned wind farms
Milan Kolar, Head of Wind Energy at SCA
It is a strength to be able to work with such a competent, experienced and locally supported partner as SCA. Together, we have an excellent background, in connection with other stakeholders, for the achievement of our common objectives and can contribute to the transition towards a 100% renewable energy system in Sweden
Hillevi Priscar, Project Development Manager at OX2
In OX2, we have found an excellent partner. We look forward to together building a state-of-the-art wind farm using the latest available technology. Our goal is to achieve solid returns without subsidy and a positive impact on all stakeholders
Amir Sharifi, Managing Director at Ardian Infrastructure said
We are very pleased to have established a good business relationship with Ardian after a realisation process that was characterised by a high degree of professionalism and spirit of cooperation. We are now looking forward to beginning construction together with our sub-contractors. The wind farm is a significant local investment and a further important contribution to the ongoing global transition to a renewable energy sector
Paul Stormoen, Managing Director at OX2 Wind
The project marks a milestone both in OX2’s history and the industry as a whole confirming that we are now able to build wind power in the Nordics without financial subsidies. We have enjoyed great cooperation with Ingka Group for many years, so it's especially rewarding to reach this milestone with Ingka Group
Paul Stormoen, Managing Director of OX2 Wind
We are very happy to be part of this transaction. The wind farm has been performing well for the last two years and we now see further potential in improving its output by doing technical upgrades
Paul Stormoen, Managing Director at OX2 Wind
We are very pleased to conclude our first agreement with Prime Capital and are looking forward to a long-term collaboration in which we can continuously optimize the production with our analytics tool kit
Lars Bryngelsson, Managing Director of OX2 TCM
This investment follows our renewable strategy to focus on low-subsidy projects with highly competitive LCOE. We, at Marguerite, are excited about our future collaboration with OX2
William Pierson, Partner at Marguerite
We are very pleased to establish this relationship with Marguerite. Reaching construction start for this project is once again a proof of OX2’s core strength and focus; technical and financial wind farm optimisation and supply of full-wrap EPC agreements
Paul Stormoen, Managing Director of OX2 Wind
We are delighted to be doing business with Fontavis again in such a short period of time. The project will strengthen our market position in the Nordic region, where we are currently building seven wind farms, delivering a total of 750 MW
Paul Stormoen, Managing Director of OX2 Wind
The addition of Orrberget to the newly established “Fontavis SCS SICAV-RAIF – Renewables Infrastructure Fund Europe” allows us to strengthen our position in the Nordics and to achieve a critical size with regard debt financing as well as from a power offtake perspective
Marc Schürch, Director of Fontavis
Wind energy investments in the Nordics region are highly attractive investments and this project is especially remarkable due to the technical dimension and its performance features
Roman Rosslenbroich, CEO and Co-Founder of Aquila Capital
Stigshöjden and the collaboration with OX2 is an ideal starting position to leverage Fontavis’ activities in the Nordics.
Marc Schürch, Director at Fontavis.
We are proud to deliver another wind farm to IKEA. It has been a challenging and instructive construction project in a tough climate and with a short offshore construction season
Paul Stormoen, Managing Director of OX2 Wind
“Due to the high demand for renewable energy infrastructure, the deal pipeline of attractive target investments is a crucial factor and we are happy about another successful acquisition in the Nordics and the long-standing collaboration with OX2”,
Roman Rosslenbroich, CEO and Co-Founder of Aquila Capital.
“I am looking forward to continuing to develop the business so that our customers always get the maximum return on their investment. It will also be great to work with renewable energy again in a proactive and ambitious company like OX2,”
Lars Bryngelsson
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
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
Paul Stormoen, Managing Director for OX2 Wind