Onshore Wind Power
Market leader in onshore wind power
Largescale onshore wind power is the cornerstone of OX2’s current business in Europe. Onshore wind power is an attractive investment for investors looking for a stable long-term return.
Facts about onshore wind power
Harnessing energy from wind is an age-old technology that was first used to produce electricity in 1887.
In 2023, onshore wind power is one of the fastest and most cost-effective energy sources. Between 2010 and 2020, the cost of generating one megawatt per hour decreased by almost 40 percent.
OX2 built their first wind farm in 2018 without any subsides. Today, wind power is considered an attractive investment among investors looking for a stable long-term return.
Onshore wind farms are a tested and proven technology that can be constructed quickly, configured, run, and operated with relative ease. They don’t require a lot of infrastructure, and connecting to the grid is usually straightforward. The technology is well tested, reliable and the maintenance costs are low.
The United Nations panel on Climate Change (IPCC), said wind power has the biggest potential to reduce emissions at the lowest cost, next to solar power.
OX2 and onshore wind power
Large-scale onshore wind farms have been the cornerstone of OX2’s operations since the beginning. We take overall responsibility for the development, construction, and sale of wind farms.
In Europe, OX2 have established a leading position in wind technology since 2004, having developed and sold over 3.7 GW of onshore wind power to industrial and institutional customers. Between 2014 – 2020, we established more onshore wind power than any other European developer.
In Sweden and Finland, we have shown that onshore wind power is sustainable, cost-effective for consumers, profitable for investors and competitive on its own merits, without government subsidies. Onshore wind has also strongly contributed to the economic growth of regions and countries, and we draw from these experiences when expanding into new markets.
- Project development portfolio of about 12.2 GW in 8 markets at Q3 2023
- 15 onshore wind farms under construction at Q3 2023
- The largest wind farm we have developed is the Lestijärvi wind farm in Finland with a total capacity of 455 MW. It is also Finland’s largest wind farm.
OX2 and onshore wind power in Australia
Onshore wind was Australia’s leading source of clean energy in 2022, supplying 35.6 per cent of renewable power generation. Wind power comprised 12.8 per cent of Australia’s total energy mix in 2022, an increase from 11.7 per cent in 2021 and 9.9 per cent in 2020. (Clean Energy Australia Report, CEC, 2023)
Eight wind farms were commissioned in 2022 with 1411MW of new wind capacity added in 2022.
OX2 are actively looking to develop greenfield wind projects throughout Australia and acquire existing projects ready for construction.