Our strategy
OX2 has more than 20 years of experience in developing, selling and constructing renewable energy projects. As of 2024, we also own and operate projects in select markets.
Strategy model
Our strategy is designed to accelerate access to renewable energy, thereby delivering on our mission. This is enabled by our evolving business and operating model. Our strategy is built on four strategic growth pillars. These pillars create a combined focus on key external factors, such as macroeconomic, geopolitical, and market trends, and key internal factors, including value creation, investment, sustainability, and operational efficiency.
We see the demand for renewable energy continue growing, driven by the electrification of societies and industries as well as by countries’ pursuit of energy independence and climate targets. Our strategy aims to power the great shift while creating value for our owners, partners and society in general.
Strengthening core, expanding value
We are now a leader on many European markets following expansion in recent years and we are currently consolidating our position in select geographies. The aim is to strike the right balance in the business, create value and growth in our existing markets and technologies, and minimize risks in a volatile environment. On newer markets, the focus is on ramping up our presence and operations.
Going forward, we are expanding the value chain by investing in operational assets, thereby becoming an owner of operational assets and independent power producer (IPP). Read more about this strategy expansion here.
Our strategic growth pillars:
1. Market and technology consolidation
While maintaining flexibility to adapt to market conditions, we are prioritizing markets with strong renewable energy policies, robust grid infrastructure, and high demand for clean energy. Current geographic focus includes Sweden, Finland, Romania, Italy, Poland, and Australia. We deliver on our portfolio in our other geographies.
2. Near-term focus and value creation
Our priority is building a portfolio of projects with a near-term horizon, typically 2-3 years to realization, aligning internal resources and staffing accordingly. We focus on the timely realization of mature projects, both for assets intended for sale and those we retain, maximizing value through procurement, offtake agreements, and financing.
3. Sustainability and operational efficiency
Sustainability is embedded across all projects and operations, supported by robust frameworks and defined targets. To further enhance efficiency, we are launching a new organizational structure and way of working, aimed at driving operational excellence.
4. Invest in operational assets
We will focus on developing high-quality projects, both to own and operate and to sell. While growing our operational assets remains a priority, we recognize the capital needs of the IPP transition. Therefore, we will continue selling projects to fund this transition. Read more about our expanded strategy to own operational assets here.
Regional strategies
OX2’s regional strategies and the fact that we operate within several technologies helps to achieve a risk spread in the product portfolio.
OX2 combines central capabilities spread across our main offices with local, collaborative development teams and contractors, ensuring community engagement and project adaptation to local conditions, as well as promoting local job and value creation.