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Our history

OX2 was founded in Sweden in 2004 with the purpose of leading the energy evolution. We acquired an experienced development team and a mature project portfolio, and quickly took a leading position as an independent producer of onshore wind power in Sweden.

As adoption of renewable energy picked up, the price of the technologies quickly dropped. This is when OX2 developed our unique business model of delivering turnkey renewable energy solutions and started expanding our geographical footprint across Europe.

Today, renewable energy is the fastest and most cost-efficient way to generate electricity, and there’s a growing interest to invest in renewable energy from both financial and industrial players.

Wind and solar accounts for roughly 30 percent of the global energy mix. This is a sharp increase in recent years. But to remain within the Paris Agreement's 1.5°C target and enable the sustainable electrification of our economy and society, we need to speed up the energy transition.

2004

OX2 is founded under the name O2. The company buys a portfolio of ten early-phase wind farm projects from Vestas. 

2005

The first project, Fjällberget, is sold to Stena Renewables. Five turbines with a total of just under 20 MW. The largest single wind power installation in Sweden to date. 

2006

Collaboration with the investment company Proventus. The collaboration was extended to also include the insurance company Folksam and Foundation Asset Management through the jointly owned company PWP.

2011

Paul Stormoen new CEO. The founder and former CEO Johan Ihrfelt becomes chairman. 

2012

OX2 establishes itself in Finland, as the first market outside of Sweden.  

2014

Changes name from O2 to OX2 as a result of increased international presence and need for clearer positioning. 

2019

OX2 establishes itself in Poland. 

2021

OX2 is listed on the Nasdaq First North Premier Growth Market.

2022

OX2 is listed on Nasdaq's main list as a large-cap company