OX2 has signed a contract to sell and construct the 145MW Klevberget wind farm outside of Sundsvall in northern Sweden to Renewable Power Capital.
The contract, which has a value of SEK2bn (€0.18bn), includes technical and commercial management services.
OX2 acquired the project rights in November 2021 and construction is starting immediately.
The handing over of the completed wind farm, which will comprise 24 turbines, is planned for the second half of 2023.
The collaboration with the municipality and local stakeholders has been key to make this wind farm a reality in a short time.
OX2 country manager Hillevi Priscar said: “The wind farm will give a substantial contribution of electricity from renewable energy to the region.”
Chief executive Paul Stormoen added that this is the fourth wind farm OX2 has sold to Renewable Power Capital in less than two years, demonstrating the high level of confidence between the parties.
Renewable Power Capital chief executive Bob Psaradellis said: “OX2 are a market leader in large-scale wind development and construction, and we are thrilled to expand our relationship and mark our expansion into Sweden with another long-term investment that can compete without subsidies in the Nordic region.”
Once commissioned, OX2 will be responsible for the technical and commercial management of the project under a 15-year agreement, optimizing the production and supervising its safe operations.