OX2 brings online 48-MW Swedish wind farm for Octopus Renewables

Swedish renewables developer OX2 AB said today it has put on stream the 48-MW Ljungbyholm wind farm in Sweden and handed it over to UK-based Octopus Renewables Infrastructure Trust plc (ORIT).

As part of its first Swedish wind deal, ORIT bought the shovel-ready project from OX2 in March last year and appointed OX2 to handle the construction process. The trust paid GBP 59 million (USD 81.5m/EUR EUR 68.8m) for the acquisition and construction of the power plant.

Building works on the project were completed on budget and on schedule, ORIT said separately.

Located in the Kalmar municipality, the Ljungbyholm wind farm is equipped with 12 N149/4.0 MW turbines by Germany’s Nordex SE. It is expected to produce roughly 150 GWh of clean power annually, or enough to cover the consumption of 30,000 homes.

OX2 will oversee the wind farm’s technical and commercial management.

“With the completion of Ljungbyholm, we now have 291MW of operational renewable energy assets in our portfolio, across Sweden, France and the UK [..],” said Phil Austin, chairman of ORIT.

(GBP 1.0 = USD 1.382/EUR 1.166)

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