OX2 snaps up 70-MW Swedish wind project from RWE Renewables

Wind farm in Sweden. Author: Jämtkraft. License: Creative Commons, Attribution 2.0 Generic.

November 24 (Renewables Now) - Swedish renewables developer OX2 AB said today it has purchased the rights to a 70-MW wind power project in Sweden from the renewables unit of German energy major RWE AG (ETR:RWE).

The value of the acquisition from RWE Renewables remained under wraps. Under the deal, OX2 will take full possession of the Riberget wind farm, to be constructed in the municipality of Ljusdal, in the Gavleborgs County on Sweden’s Baltic Coast.

The Riberget scheme has a legally binding permit in place and will be added to OX2’s late-stage onshore wind development portfolio in Sweden. The power plant will be equipped with 12 turbines.

The latest acquisition was announced just a day after OX2 said it has acquired the rights to two early-stage solar projects in Skane, Sweden, from compatriot Helios Nordic Energy. The combined capacity of the projects is estimated at 45 MW.

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