OX2 delivers 45-MW wind farm in Finland to Aquila Capital

Swedish renewables developer OX2 AB (STO:OX2) said today that it has commissioned and handed over the 45-MW Korkeakangas wind farm in Finland to its owner, German investor Aquila Capital.

The transfer comes some two and a half years after OX2 was selected to provide engineering, construction and procurement (EPC) services on the project.

The Korkeakangas wind farm is located in Karstula, central Finland. Germany's Nordex SE (ETR:NDX1) was the wind turbine supplier, sending nine pieces of its N149 4.8 MW machines for the project. Finnish construction company Keski-Suomen Betonirakenne Oy (KSBR) built foundations and other infrastructure, while grid operator Fingrid Oyj connected the wind farm.

Following the hand-over, OX2 will be in charge of the technical, commercial and financial management of Korkeakangas under a ten-year contract, the firm said.

“With the commissioning of the Korkeakangas wind farm now completed, Aquila Capital continues to expand its commitment to renewable energy in Northern Europe. We are already one of the most active investors in renewable energy throughout the Nordics, with Finland being an important market for us,” commented Joakim Johnsen, Head of Markets & Operations Aquila Clean Energy EMEA, Aquila Capital.

Korkeakangas will generate electricity for Norwegian energy company Statkraft AS, which signed a power purchase agreement (PPA) with Aquila Capital in 2021 to off-take the entire production output from this and another one of Aquila’s wind projects in Finland.

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