OX2 has handed over Wysoka wind farm in Poland to Ingka Investments

November 13, 2024, 08:00

Non-regulatory

OX2 has handed over the Wysoka wind farm in Poland to Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer. The wind farm comprises of 11 turbines with a total capacity of about 62 MW.

The estimated annual energy production of the wind farm is 180 GWh and assuming an average annual household consumption of about 5,000 kWh, it is equivalent to the annual electricity consumption of about 90,000 households.

OX2 will be responsible for the technical and commercial management of the project optimizing the production and supervising its safe operations.

By the end of the third quarter OX2 was constructing nine projects in five markets with a total capacity of about 1,100 MW.

About OX2 AB

OX2 develops, constructs, and sells renewable energy solutions at scale. OX2 also offer management of wind- and solar farms after completion. OX2’s project development portfolio consists of in-house developed as well as acquired projects in onshore and offshore wind, solar, and energy storage, in various phases of development. The company is also active in developing projects based on other renewable energy technologies, such as hydrogen. OX2 is operating on eleven markets in Europe: Sweden, Finland, Estonia, Lithuania, Poland, Romania, France, Spain, Italy, Greece, and Åland. Since 2023 OX2 is also operating in Australia. Sales in 2023 was about 7.8 billion SEK. The company has about 500 employees and is headquartered in Stockholm, Sweden. OX2 is owned by EQT, one of the world’s largest private equity investors. www.ox2.com

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