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OX2 buying 150-MW Finnish wind project

Ajos. Source: OX2

July 3 (Renewables Now) - Swedish renewables developer OX2 has inked a deal to buy the rights to a 150-MW wind project in Finland from local firm LahiTuuli Oy, it was announced on Tuesday.

OX2 is acquiring the 24-turbine Metsalamminkangas project in Vaala, North Ostrobothnia, that would be one of the largest in the country.

“We’ve already begun tenders with suppliers and started negotiations on a power purchase agreement and funding,” said Teemu Loikkanen, Regional Manager, Finland and the Baltics, at OX2. He added that the company hopes to begin construction next spring and have the turbines installed in the summer of 2021.

Upon completion, the wind park will be able to produce enough power to meet the annual consumption of some 80,000 homes. It will be hooked to the national grid via the Vuolijoki substation following an expansion.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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