OX2 History

Our background – a new future

OX2 is a leader in large-scale, onshore wind power in the Nordic region. In collaboration with our partners and investors, we have been a driving force behind creating a sustainable future since 1991.

  • 2015

    OX2 acquired the project rights for several wind power plants in Finland and Norway in 2015.

    Sale of several projects proceeded, with the greatest interest shown by international investors. Three projects totalling 29 turbines (96 MW), with one project in Sweden and two in Finland, were sold during the course of the year. All investors in the wind farms were repeat customers.

    Installation of 30 wind turbines (92 MW) at two wind farms in Sweden.

    At the end of the period, OX2’s technical and commercial management covered 180 operational wind turbines at 23 farms representing a total electricity production of approximately 1.3 TWh.

    For the second consecutive year, OX2’s consumer operation came out on top for customer satisfaction amongst private customers in the electricity market in 2015 according to the Svenskt Kvalitetsindex [Swedish Quality Index] (SKI). During the year OX2 launched the opportunity for private customers to invest in PV cells as a complement to renewable electricity and shares in wind turbines.

    In the autumn of 2015, OX2 was granted the concession to operate and develop one of Sweden’s largest biogas plants outside Helsingborg. The plant has a capacity of approximately 80 GWh of biogas and 140–150,000 tonnes of biofertiliser per year. During the year, approximately 15 GWh of green district heating was also produced.

    OX2 became the majority shareholder in Enstar AB, which is primarily involved in the field of geothermal energy.

  • 2014

    In May 2014, O2 changed its name to OX2. As a result of this, its subsidiaries were also renamed.

    OX2 acquires the operational activities of the company Greenfield Wind, which includes a project portfolio of approximately 220 MW and 11 employees in Poland.

    Record construction. 87 wind turbines, with an overall effect of approximately 250 MW, were under construction in Sweden during the year.

    An agreement was signed for eight wind turbines (24 MW), a decrease compared with the previous year that was mainly due to delays in the licensing process for new projects.

    Sweden Green Building Council awarded the prize "Sweden Green Building award" to Sjisjka Wind Farm, built and owned by

    OX2, Jämtkraft and Skanska. The wind farm won the award in the category for "innovation and collaboration on sustainable development in civil engineering projects 2014 - completed projects".

    OX2:s consumer activities were the highest for customer satisfaction among private customers on the electricity market in Sweden, according to the Swedish Quality Index (SKI) annual survey.

    In the context of cooperation with the Volkswagen Group, the rechargeable hybrid Audi A3 e-tron was launched with an introductory offer of free renewable electricity with wind power shares corresponding to the vehicle's electricity consumption during the first year.

    OX2 produced about 15 GWh green district heating in its facility outside Helsingborg, Sweden. The district heating was sold during the year to households in the region.

  • 2013

    Construction starts on the Maevaara wind farm with 24 wind turbines and a total nameplate capacity of 72 MW on the border between the Municipalities of Övertorneå and Pajala. The owner is the German insurance company Allianz. Agreement is signed with Google on buying the electricity to power its data center in Hamina in southern Finland on renewable electricity.

    Financing finalised and construction commenced on IKEAs third wind farm in Sweden, including six new wind turbines, on Rämsberget in Dalarna. O2 is responsible for the development, construction and management of the new wind power farm, which is expected to be put into operation in early 2014. Overall, IKEA has bought three wind farms with 46 turbines from O2.

    Construction commenced on Mässingberget in the Municipality of Orsa in Dalarna, with 11 wind turbines and a total nameplate capacity of 22 MW. The owners are German Renewable Energy Infrastructure Fund (REIF) with eight turbines, and Polarbröd, E-Kraft and Älvsborgsvind with one turbine each.

    Financing of Bösjövardens wind farm in the Municipality of Mora in Dalarna is finalised, and construction of nine wind turbines with a total nameplate capacity of 22.5 MW is commenced. Polarbröd acquire three of the turbines and become self-sufficient in renewable electricity.

    The Fallåsberget wind farm in the Municipality of Ockelbo in Gävleborg is inaugurated in spring 2013.

  • 2012

    Agreement signed with IKEA on the construction and financing of another wind power plant with 30 wind turbines at Glötesvålen in the Municipality of Härjedalen in Jämtland. The handover of the completed plant to IKEA is planned for the winter of 2014/2015.

    Construction starts on the Fallåsberget wind farm in the Municipality of Ockelbo in Gävleborg. The owners are Hyresbostäder i Växjö, the Municipality of Norrtälje, Norrvatten, the Municipality of Sigtuna, SGS Studentbostäder, the Municipality of Upplands Väsby and O2 El Ekonomisk Förening. The wind farm has ten 2.3 MW wind turbines.

  • 2011

    O2 signs agreement with IKEA as an investor in the Korpfjället wind farm in the Municipalities of Vansbro and Malung-Sälen in Dalarna. The nine turbines have a total nameplate capacity of 21 MW, and supplies all 17 IKEA stores in Sweden with renewable electricity.

    Hedbodberget 2, with 6 turbines and a total nameplate capacity of 12 MW, is commissioned. This takes the wind farm, in the Municipality of Rättvik in Dalarna, to a total of 15 turbines, and a nameplate capacity of 30 MW.

    2010

    Financing finalised and construction commenced on the 20 MW Brahehus project in the Municipality of Jönköping, as well as on the 10 MW Granberg project in the Municipality of Älvdalen in Dalarna.

    The insurance company Folksam joins the other partners in a new collaboration constellation involving Proventus and FAM Wallenbergstiftelserna. With this deal, O2 realises its investment.

    O2 and its partners procure Sweden’s largest repowering project at Näsudden, Gotland. 38 turbines were taken down (overall capacity 18.4 MW) and replaced with 21 new Vestas V90 3 MW turbines (overall capacity 63 MW).

  • 2010

    Financing finalised and construction commenced on the 20 MW Brahehus project in the Municipality of Jönköping, as well as on the 10 MW Granberg project in the Municipality of Älvdalen in Dalarna.

    The insurance company Folksam joins the other partners in a new collaboration constellation involving Proventus and FAM Wallenbergstiftelserna. With this deal, O2 realises its investment.

    O2 and its partners procure Sweden’s largest repowering project at Näsudden, Gotland. 38 turbines were taken down (overall capacity 18.4 MW) and replaced with 21 new Vestas V90 3 MW turbines (overall capacity 63 MW).

  • 2009

    Joint venture set up with Skanska and Jämtkraft. Agreement signed for the construction of the Sjisjka wind farm with 30 wind turbines and a total nameplate capacity of 78 MW in the Municipality of Gällivare, Norrbotten.

    Financing of over SEK 1 billion secured through equity from partners and senior debt by Handelsbanken. Skanska owns 50 percent of the owner of the project, Sjisjka Vind AB, while O2 and Jämtkraft own 25 percent of the company each.

    Linda Burenius Magnusson, Managing Director of O2 Vindel, receives the Green Capitalist of the Year Award from business magazine Veckans Affärer.

    Hedbodberget 1, Säliträdberget and Bliekevare, with a total nameplate capacity of 70 MW, are brought on stream in collaboration with Proventus and FAM Wallenbergstiftelserna. Senior financing arranged by Swedbank.

  • 2008

    FAM Wallenbergstiftelserna becomes a new partner in an existing joint venture between O2 and Proventus. Vattenfall acquires Storrotliden in Västerbotten – a completed project of 80 MW, which later becomes the energy company’s largest onshore wind farm in Sweden.

  • 2007

    Enters into a joint venture with investment company Proventus AB.

    Financing of around SEK 200 million from Handelsbanken obtained for the 16 MW Röbergsfjället development in the Municipality of Vansbro, Dalarna. First time ever that project financing has been used for Swedish wind power.

  • 2006

    Financing obtained for 10 MW Fjällberget wind farm in Dalarna, with Stena Renewables AB as investor.

  • 2005

    Acquires wind power planning company, Vindkompaniet, from Vestas, including a project portfolio of 400 MW.

    Active screening and strategic expansion of long-term project portfolio.

  • 2004

    O2 established by Johan Ihrfelt and Thomas von Otter. The aim is to bring together all the necessary industrial expertise and experience into a single organisation, for the purpose of supplying profitable large-scale renewable energy plants to the energy sector, financial investors and major electricity users.

  • 1991

    The planning company, Vindkompaniet, is founded on the Island of Gotland. Vindkompaniet develops a significant share of onshore wind power during the 1990s, as well as three offshore wind farms. The opportunity to buy wind shares is offered right from the start. A Community Fund is also instituted for the first time in the history of the industry. The operation, including an experienced planning team, is later acquired by O2 (2005).

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