OX2 unveils USD-248m divestment of Swedish wind project

September 29 (Renewables Now) - Swedish renewables developer OX2 AB (STO:OX2) on Friday said it has sold a 115-MW wind project in its home country in a deal worth SEK 2.7 billion (USD 248.2m/EUR 234.5m).

The Anglarna project was offloaded to an unnamed European utility, with the deal to be recorded in the vendor’s third-quarter results.

Planned to be built in the Falun county of southeastern Sweden, the wind farm will be equipped with 18 turbines and is expected to generate around 346 GWh of electricity annually. The output will be enough to meet the power demand of roughly 69,000 homes.

OX2 bought the rights to the Anglarna project in 2019 and obtained all needed authorisations for its construction in February. It expects building works to kick off in the last quarter of this year, with the plant’s commissioning scheduled for the end of 2026. Once the wind farm goes online, OX2 will oversee its technical and commercial operations under a 15-year agreement.

“The wind farm will make a valuable addition in price area 3, where there is a great demand for more emissions-free electricity production,” said Paul Stormoen, CEO of OX2.

(SEK 10 = USD 0.919/EUR 0.8684)