OX2 will build 455MW. FinOX2 has offered to build and sell a 455MW onshore wind farm in Finland for €650 million.
In February of this year, the Swedish company bought the project rights and committed to create the wind farm under a bespoke fixed price agreement.
The buyer is a coalition of three Finnish energy companies: Kymppivoima (65%), Oulun Energia (25%), and Kuopion Energia (5%). (10 percent ).
The project, which will be located in Lestijärvi, will consist of 69 6MW turbines with a yearly output of around 1.3 TWh.
When completed, it will be the largest onshore wind farm in Finland and one of the largest onshore wind ventures in Europe in 2021.
Under a 15-year arrangement, OX2 will also construct the site’s grid infrastructure, which includes a substation and a 58km 400kV transmission line, and will be responsible for the project’s technical and commercial administration.
Construction will begin immediately, with an expected completion date of 2025, and will be completed without any government subsidies, according to the company.
Eltel Networks, a subcontractor, will build the 400kV transmission line and 24 km of 110kV transmission line, while Hitachi Energy will supply the transformers.
Meanwhile, Keski-Suomen Betonirakenne will be in charge of the remaining plant and substation work.
“I am really thrilled and proud of the efforts that have been put into this landmark project,” said OX2 chief operating officer Paul Stormoen.
“The project demonstrates the capacity of onshore wind farms to contribute significantly to Finland’s production mix of new renewable electricity.”