OX2 has signed an agreement to sell the 70MW Riberget wind farm in Sweden to privately-held IPP Fu-Gen.
The wind farm will consist of 11 turbines. The price was not disclosed.
OX2 will commence construction of the wind farm by the end of 2022 and it is estimated to be completed during second half of 2024.
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 operations.
“We are delighted to have closed the transaction for the Riberget wind farm; we see it as an important step towards growing our production capacity and increasing our geographical spread of onshore wind,” said Yaron Feingers, Fu-Gen founder.
“Wind energy is an important element in the supply chain for the industry and plays an important role in our strategy toward e-fuels in North Sweden and toward zero emission targets. We are looking forward to working alongside OX2 through the construction and operation of the wind farm.”