OX2 sells Finland wind farm to Helen and Bank of Åland

• 1 year, 4 months ago (2022-11-30)
• David Flin

Europe 1061 Wind 239

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OX2 , the Swedish renewable project developer, has sold its Niinimäki wind farm in Finland to Helen and Bank of Åland’s Wind Power Fund . The Niinimäki wind farm will consist of 22 turbines and will have a total installed capacity of 145 MW. The financial details of the deal have not been disclosed.

Construction will start immediately, with completion scheduled by the end of 2024.

OX2 has agreed to provide technical and commercial management services for the wind project under a 15-year agreement. OX2 will also optimise production and supervise operations for the project once it has become operational.

Jenny Söderman, Corporate Acquisitions Director of Helen, said: “With the acquisition of the Niinimäki wind farm, we will geographically disperse wind power production to Eastern Finland. We are particularly pleased with the cooperation with OX2, as well as the continuous good cooperation with our partner Bank of Åland’s Wind Power Fund. The Niinimäki acquisition supports the investment in renewable energy production in line with our strategy. Once the park has started operating, our annual wind power production will be approximately 2.5 TWh.”